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Russia Is Vital For OPEC+ Deal – New OPEC SG

According to H.E. Haitham al-Ghais, the new Secretary-General of OPEC, Russia is "a big, main and highly influential player in the world energy map." Al-Ghais also agreed with Saudi Arabia...
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Musings on Marble – 31st July 2022

WHERE ARE THE CLASS WONDERS? Have you ever wondered why some people start out so well but somehow don’t manage to do as well as everyone expected. There are people...
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Russia and Iran Sign $40 Billion Oil and Gas Agreement

Russian Gazprom and the National Iranian Oil Company have signed a $40 billion agreement for the development of oil and gas fields in advance of Russian President Vladimir Putin's visit...
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Musings on Marble – 17/07/2022

PREPARING FOR EXCELLENCE Like most things in life, a good foundation almost always guarantees a successful completion. The extra care given to building up a process or project manifests in...
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Goldman Sachs Remains Optimistic on Global Oil Prices

When Goldman Sachs strategists Damien Courvalin and Jeffrey Currie put their bullish predictions under scrutiny, they identified that Brent's fair value would continue to outperform current market forwards in the...
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Warren Buffett Makes More Investment in Oil and Gas; Buys More Occidental Shares

According to Reuters, citing an SEC filing by Warren Buffett's investment company, Berkshire Hathaway has added 4.3 million shares of Occidental Petroleum, boosting its total holding in the business to...
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All Future Vehicles will be Electric by 2040 – CEO of Exxon

By 2040, all newly sold passenger cars will be electric, according to ExxonMobil CEO Darren Woods, who spoke to CNBC on Monday. For instance, just 9% of passenger car sales...
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French Businesses Switch to Oil From Gas Due to Uncertainty of Russian Supply

According to Reuters, major energy-intensive sectors in France are looking to adapt gas boilers to operate on oil as they get ready for further fall or cessation of Russian gas...
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OPEC Members Remain 1 Million Bpd Below Target in June

According to OPEC figures released on Tuesday, the ten OPEC producers that are part of the OPEC+ agreement produced 24.8 million barrels per day (bpd) of crude oil in June,...
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China Continues to Purchase Discounted Russian Crude

After importing roughly the same amount of discounted Russian crude oil in May, China probably imported an additional 2 million barrels per day (bpd) in June, keeping Russia as its...
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