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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Russia’s Gazprom Demands Rubles For LNG
The proposal to include liquefied natural gas (LNG) in the rubles-for-gas programme was made public on Monday by a top official, days after Russia attempted to fully control the Sakhalin-2...
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Saudi Arabia May Further Increase Oil Prices for Asia
To benefit from robust premiums for Middle Eastern oil grades and record-high distillate margins, Saudi Arabia may increase its official selling price for crude oil delivered to Asia for the...
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Oil to Hit $200 if G7 Caps Price of Russian Oil – SEB Group
If the G7 is successful in capping the price of Russian crude oil, the chief commodities analyst at Swedish bank SEB Group predicts that oil prices will surge past $200...
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