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Author: Tom Whipple

Category:
  • OPEC

OPEC+ to Consider Output Cut of More Than 1 Million Barrels

Goldman’s Currie: Oil Market Will Continue to Tighten Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC+ will consider cutting oil output Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Rally Into October As OPEC+ Plans A Production Cut

Following several weeks of decline, oil prices began to climb early on Monday morning on expectations of an OPEC+ production cut. Reports suggest that Russia is eager to cut production Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Middle East

Fuel for Thought: North Sea oil drone threat prophesied in the Middle East

North Sea waters have been considered one of the world’s most secure offshore basins for producing crude until now. Equinor, Total Energies and ConocoPhillips have all raised the security level Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • South Africa

Power Cuts Drive South African Factory Activity to 14-Month Low

Purchasing managers’ index fell to 48.2 in September from 52.1 Index tracking expected business conditions suggests more pain Employees work at a sewing machine, powered by a generator, during a Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Releases Jailed U.S. Citizens in Prisoner Swap

 Venezuela on Saturday released six U.S. citizens and one U.S. legal resident, who Washington said had been wrongfully detained in the South American country, as part of a major prisoner Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Guyana

Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom

Guyana is quickly becoming one of the hottest new oil frontiers on the planet. It is estimated that over 11 billion barrels of recoverable oil resources have been discovered in Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Africa
  • China

China Tightens Lending Taps, Leaving African Markets Vulnerable

s Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. China, Africa’s largest bilateral Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • China
  • LNG

China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit

China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • China

China property woes trigger decline in global cement output

The biggest fall in Chinese cement production in at least two decades has dragged global output of the construction material into decline, demonstrating how a crisis in the country’s vast Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • Indonesia

Indonesia Set To Win Big As European Smelters Shut Down

The ongoing energy crisis has forced smelters in China and Europe to curb production. Indonesian nickel producers are aiming to ramp up production as prices inch higher. Many feel that Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple

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