Musings on Marble by Ibe Kachikwu – 22/05/2022
DEARTH OF OPTION ‘A’ There’s a lot to be said about the adage, “whatever doesn’t kill a man makes him stronger;” well, most of the time. A few weeks ago,...
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China Purchases 2 Million Barrels of Iranian Crude Despite Sanctions
China is likely to receive roughly two million barrels of Iranian oil, according to Reuters, citing Vortexa Analytics ship surveillance data, after easing off on Iranian oil in favour of...
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APPO SIGNS MOU WITH AFREXIMBANK FOR THE CREATION OF AN AFRICA ENERGY BANK
The African Petroleum Producers' Organization (APPO) has signed a Memorandum of Understanding (MOU) with the African Export–Import Bank (Afreximbank) for the creation of an Africa Energy Bank to address the...
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The World’s First-Ever Modular LNG FSRU is Ready for Deployment in Senegal
Senegal is getting set to deploy the world's first modular LNG Floating Storage and Regasification Unit (FSRU). The gas-to-power vessel is now ready to service Senegal's shore-based grids after being...
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Oil Prices Surge Past $113 As China Announces End of Lockdown
Oil prices have risen beyond $113 per barrel on expectations that China's lockdowns would expire soon and demand would not be harmed for long. The news that Shanghai was witnessing...
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MUSINGS ON MARBLE
… OF MENTORS & MENTEES After my doctorate degree programme in America, I was fortunate to get a job with a reputable petroleum company in Nigeria. I returned home feeling quite...
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OPEC Further Reduces its Forecast for Global Oil Demand Growth
OPEC lowered its projection for global economic growth in its Monthly Oil Market Report (MOMR) released on Thursday, saying oil demand will expand by 310,000 barrels per day (bpd), less...
Read More Brent Crude Could Reach $107 in Q2 2022 – EIA
According to the Energy Information Administration's latest short-term energy outlook, Brent crude oil prices will average $107 per barrel in the second quarter of this year. According to the STEO,...
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Russian Gas Flows to Europe Through Ukraine to Stop Today
According to the Gas Transmission System Operator of Ukraine (GTSOU), Russian gas flowing via Ukraine to Europe will cease on Wednesday, 11th May 2022. After Russia's occupying forces halted gas...
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Lack of Sufficient Investment is to Blame for High Fuel Prices – Prince Abdulaziz bin Salman
According to Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, a lack of investment in global refining capacity is one of the main drivers of the global rally in gasoline,...
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