Uncategorised Archives | Page 14 of 118

14th June 2022

Libya Loses 1.1 Million Bpd as Nearly All Its Oil Fields are Currently Not Producing

Libya's oil production is declining at a rate of 1.1 million barrels per day, according to the country's oil minister, Mohammed Aoun, who also stated that nearly all of the...

13th June 2022

Germany Could Spend $10 Billion To Bail Out Gazprom Germania GmbH

According to Bloomberg on Monday, Germany could lend up to $10.4 billion (10 billion euro) to bail out a former unit of Russia's Gazprom that the German government expropriated earlier...

12th June 2022

High Gasoline Prices May Limit Support for Energy Transition – Chevron’s CEO

According to Mike Wirth, CEO of Chevron, record-high fuel costs in many nations may weaken public support for a green energy transition, as consumers have begun to associate high prices...

11th June 2022

India is Reportedly Looking to Buy More Russian Oil

Sources familiar with the Indian firms' plans told Bloomberg on Monday that India's demand for cheap Russian crude is insatiable, with some of the country's largest refiners looking to negotiate...

6th June 2022

Musings on Marble – 6/06/22

A CRACK IN THE WALL About three decades ago when I was building my first house, it looked to me like the most important project in the world. I...

3rd June 2022

OPEC Considers Massive Increase in Oil Production from July

According to tweets from Amena Bakr, Chief OPEC Correspondent at Energy Intelligence, the OPEC Joint Ministerial Monitoring Committee is suggesting an increase in output of 648,000 barrels per day, which...

2nd June 2022

Russia and Saudi Arabia Indicate that OPEC+ is Still Going Strong

Despite a report in the Wall Street Journal yesterday that the OPEC+ alliance was considering suspending Russia from the agreement, details of a meeting between Russian Foreign Minister Sergey Lavrov and...

1st June 2022

OPEC Rumoured to Be Considering Suspending Russia from Production Agreement

According to the Wall Street Journal, which cited OPEC delegates, some OPEC nations are considering suspending Russia from the OPEC+ accord, which caps the amount of crude oil each member...

31st May 2022

Brent Reached $120 per Barrel on Monday

At 3:41 p.m. in Abuja, Nigeria (30th May 2022), the Brent Crude July contract was trading at $120.02, up 0.52% on the day. Brent Crude is at its highest level...

29th May 2022

Musings On Marble – 29/05/2022

CAN YOU CROSS THAT LANE? In the present cosmopolitan world, everyone is grappling with one issue or another and we all keep learning to carry our own crosses. Many times,...