Oil

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The petrol subsidy regime has long been a contentious topic in Nigeria, with proponents arguing that it alleviates the burden of high fuel prices on consumers, while critics contend that it imposes a heavy economic cost on the country and is a cesspit of corruption. On May 29, 2023, whilst…

A collection of climate stories mostly — Courtesy of PA Patrick Hart, 37, a doctor from Bristol was charged with criminal damage and aggravated trespass this week, after a pitch invasion at the Saracens — Sale rugby union final at Twickenham last weekend. His crime was to disrupt the match with a co-conspirator, brandishing an orange flair…

The market is flooded with 249MM (million) paper oil barrels since mid-April 2023. US beginning to drain her Strategic Petroleum Reserve again….. at a time when US is no longer the global marginal producer of oil. OPEC+ “cutting” oil production.

The oil industry is about as divisive a sector as you’re going to find at this point. It’s at the base of modern human culture and basically runs the economy. Unfortunately, it’s also a key factor in human-driven destruction of the natural world that sustains us. That’s where groups like…

Nigeria is a country that is rich in natural resources such as oil, natural gas, coal, and minerals. However, despite its abundant natural resources, the country has been struggling with economic development for several decades. One of the major reasons for Nigeria’s economic woes is the phenomenon known as the…

Investment in solar energy will for the first time exceed investment in oil production in 2023 — Investment in clean energy technologies far exceeds spending on fossil fuels “as affordability and security concerns caused by the global energy crisis increase the momentum for more sustainable options,” the IEA says. The International Energy Agency (IEA) published the World Energy Investment 2023 report on investments in the global energy…

An update provided by Upstream on 20 May 2023 describes oil and gas supermajor British Petroleum (BP) as “Trinidad & Tobago’s largest hydrocarbons producer…responsible for more than half of all the natural gas produced in the country.” This update covers BP’s seven-well drilling programme, containing 16 offshore production platforms, that…

Navigating the Economic Landscape: A Layman’s Guide to Commodity Markets, Jobs Data, and Debt Deals Introduction: Commodities play a crucial role in the global economy, impacting various sectors and influencing investment decisions. As we look ahead, two significant factors stand out: the release of US jobs numbers and the implications…