Navigating the ‘oil’ uncertainty
China is the world's largest consumer of oil, therefore an increase in Chinese demand might help oil prices...
Tag : Petroleum
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...
Shell planning to drill in the Gulf of Mexico for oil extraction
US President Joe Biden is considering opening the gates for drilling in the Gulf of Mexico....
Petrobras finally makes an exit from the African continent
Petrobras’ share of production from its Nigerian assets in 2019 was around 34,000 barrels per day...
Saudi Aramco buys 20% in Reliance’s OTC business for $15 bn
The deal is India's largest foreign direct investment till date...