Egypt to receive LNG supplies through Port of Sokhna as summer arrives
In 2023, Egypt's total natural gas production fell to its lowest since 2017, figures from the Joint Organisations Data Initiative show...
Tag : Petroleum
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Navigating the ‘oil’ uncertainty
China is the world's largest consumer of oil, therefore an increase in Chinese demand might help oil prices...
OPEC can see healthy growth in 2024
All 13 OPEC members as well as a few other economies that rely heavily on fossil fuels received a letter from Secretary General Haitham Al Ghais, Reuters reported...
China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
Kenya fuel & electricity prices to increase
Currently, people in Kenya pay Ksh0.25 per litre of petrol, diesel, and kerosene as a petroleum regulatory levy, and Ksh0.08 for each unit of electricity as EPRA levy...
IF Insights: An honest take on the ‘success’ of G7 price cap on Russian energy trade
The price cap, imposed by the 2022 end, was seen as an effort intended to reduce Russia's ability to finance its Ukraine adventure...
Business Leader of the Week: Meet Amin Hassan Nasser, CEO of Aramco
Amin Hassan Nasser's stint with Saudi Aramco started in 1982 as an engineer in the oil production department, following which he went on to work in the venture's drilling and reservoir wing...
OPEC oil production surges despite intended cuts
by Prajwal Wele
Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better...