The US is Still Convincing OPEC to Pump More Oil
The United States is not giving up on its attempts to convince the Organisation of Petroleum Exporting Countries and its allies to pump more oil as retail fuel prices continue...
Read More 
South African Development Bank Secures $210 Million Loan for Green Energy Development
Pacific Investment Management Company (PIMCO) would lend the Development Bank of Southern Africa (DBSA) $210 million for green energy development, according to the United Nations Economic Commission for Africa (UNECA)....
Read More 
IEA Believes Energy Prices Will Continue to Rise without Significant Investment in Clean Energy
The International Energy Agency warns that global energy market volatility and price increases will continue without a significant increase in clean energy investment. Consumer consumption demands must be met by...
Read More 
Ghana: Occidental Petroleum Sells Stakes in Jubilee and TEN Oilfields
Occidental Petroleum Corporation, an American oil company, has sold its interest in the Jubilee and TEN oilfields off the coast of Ghana for $750 million. The two oilfields were sold...
Read More 
Oil Surpasses $85 per Barrel for the First Time in Three Years
On Friday, oil prices climbed above $85 a barrel for the first time in three years, owing to expectations of a supply shortage in the coming months, as rising gas...
Read More Russia Can Produce Up to 11.4 million bpd but is Sticking to its OPEC+ Quota
Speaking at the Russian Energy Week Forum on Thursday, 14 October 2021, the Deputy Minister of Russia who is also in charge of leading Russia’s participation in the OPEC+ agreement,...
Read More 
OPEC Reduces 2021 Oil Demand Forecast in MOMR
OPEC forecasts global oil consumption to expand by 5.8 million barrels per day (bpd) this year from low 2020 levels, down from a forecast of 5.96 million bpd growth last...
Read More 
OPEC+ is Overperforming on Monthly Production but Underperforming on its Quota – Argus
According to statistics from Argus, OPEC+ is producing less oil than it is expected to, according to a survey done by Platts and published by Forex Live. According to the...
Read More Investment in Low Carbon Energy Must Triple to Fulfil Paris Agreement – IEA
Fatih Birol, the head of the International Energy Agency, told the Financial Times that if the world is to fulfil its Paris Agreement commitments, investments in low-carbon energy must triple....
Read More 
India to Account for 35% of Midstream Projects in Asia by 2025 – GlobalData
According to GlobalData, India may start the operations of 118 midstream oil and gas projects from 2021 to 2025, which will account for 35% of the total upcoming midstream projects,...
Read More