Kenya to invest more in oil facilities?IFM CorrespondentJune 16, 2023 by IFM CorrespondentJune 16, 2023 Currently, Kenya does not produce any hydrocarbons, although the country most likely has the potential to become an oil producer after 2030... Read more
Europe may face gas shortage: Qatar’s Energy Affairs MinisterIFM CorrespondentJune 6, 2023 by IFM CorrespondentJune 6, 2023 Qatar's Minister of State for Energy Affairs, HE Saad bin Sherida Al Kaabi said the country is close to producing 126 million tons by 2026... Read more
After a two-year hiatus, US oil shipment heads to South AfricaIFM CorrespondentJune 1, 2023 by IFM CorrespondentJune 1, 2023 Kpler data show that Saudi Arabia, West and Central Africa, and South Africa are the primary sources of South Africa's oil... Read more
IF Insights: Have the sanctions against Russia worked?IFM CorrespondentMay 25, 2023October 10, 2023 by IFM CorrespondentMay 25, 2023October 10, 2023 One of the primary objectives of the sanctions was to limit Russia's access to the global energy market and reduce its ability to export oil... Read more
Fall in oil output to slow down Saudi GDP growth in 2023?IFM CorrespondentMay 19, 2023 by IFM CorrespondentMay 19, 2023 The non-oil revenues increased by 9% in Q1 2023 while oil revenues declined by 3%, as per the Saudi government stats... Read more
US inventory jump, rate hike worries bring negative volatility in oil sectorIFM CorrespondentFebruary 21, 2023 by IFM CorrespondentFebruary 21, 2023 Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023... Read more
Fearing oil shortage, experts bat for more investments in energy sectorWebAdminFebruary 14, 2023 by WebAdminFebruary 14, 2023 According to the IEA, the expansion of the oil supply will decrease to one million barrels per day... Read more
Tiny Spanish port emerges new hub for Russian oil tradeWebAdminFebruary 6, 2023 by WebAdminFebruary 6, 2023 Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of that month... Read more
Oil prices rise amid halt in US Fed rate hikes, China reopeningWebAdminJanuary 30, 2023January 30, 2023 by WebAdminJanuary 30, 2023January 30, 2023 Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February... Read more
Moody’s predicts another budget surplus year for OmanWebAdminJanuary 16, 2023 by WebAdminJanuary 16, 2023 Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according to Moody’s... Read more