OK. Lets start from the beginning.Suppose you are at a basketball game or a football game and one of the teams wins. Not just wins but wins big, by, say, 20 points. However, because the home… Read More
November is over and we are approaching the end of the year. This turned to be a successful year and I hope the next year will be even better.
However, our November trading returned mixed re… Read More
In the nine years since Keystone XL was first proposed it has become the most Political of Pipelines, pitting Environmentalists, Ranchers, and Native Americans against Oil companies, State O… Read More
The first time oil topped $60 US per barrel, it was as though a spark had ignited the Calgary economy.
When the historic benchmark was breached in June 2005, Calgarians, already&n… Read More
If you fly a lot, you can buy Carbon Credits, like from a Nonprofit that Funds Wind Turbines and other Renewable Energy Projects in New England. By using an online calculator you can determi… Read More
America's rapid Expansion to a Record 12 Million Barrels of Oil Output a Day has been a Global Game Changer. In less than a Decade, a Boom in the Country's Shale Patch added a Record 8 Milli… Read More
Buhari welcomes APPO headquarters to Abuja
President Muhammadu Buhari has welcomed the decision of the African Petroleum Producers’ Organisation (APPO) to site the headquarters of th… Read More
Biden's Interior Department Temporarily Blocks New Drilling on Public Lands.
The Interior Department took swift Action to deliver on President Biden's Campaign Pledge to Block Oil and Gas… Read More
Nigeria regains top crude oil production spot in Africa – OPEC report
Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oi… Read More
SERAP writes Buhari, seeks probe of ‘missing N3.1bn in Ministry of Finance’
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to inv… Read More
On Wednesday, Interfax reported that Russia is having difficulty Funding its Embassies abroad. The Ruble is currently hovering around 0.010 dollars, which is actually up from a value of 0.00… Read More
NNPC: We’ll remit N322.45bn proceeds from four IOCs in April
The Nigerian National Petroleum Company Limited (NNPC) has made it know that it is set to remit N322.45bn crude oil… Read More
Some thoughts on the Outlook of U.S. Energy in 2022:
- U.S. Oil Production could aversge 11.8 million barrels per day (bpd), up from 2021 at 11.2 million bpd, and 2020 at 11.3 million bpd… Read More
OPEC Members control slightly over 80% of the world's proven oil reserves. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of… Read More
This is what is happening. Goldman Sachs revised its forecast for oil prices and said that prices will reach $100 per barrel in April 2024. If you are a stock trader, you would want to go… Read More
The Reserve Bank of India and the People's Bank of China both made unprecedented investments in gold during March of 2023, amassing nearly 18 tons between them. Their combined purchases have… Read More
The OPEC Secretary General lashed out at the International Energy Agency, saying that the world's leading energy authority should be "very careful" about undermining industry investments. Th… Read More
The Second International Conference on Real Estate and Investment kicked off in Baghdad on yesterday, May 1.Baghdad is entertaining neighboring countries and foreign countries to encourage i… Read More
Saudi oil minister Prince Abdulaziz bin Salman has warned market speculators to "watch out" ahead of the next OPEC+ meeting on 4 June. Abdulaziz has previously criticised oil price speculato… Read More
The Ministry of Oil declared at the start of the week that four components influence the global oil market’s stability while clearing up OPEC and OPEC Plus’ part in it.Asse… Read More
Iraq has agreed to pay $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, an Iraqi foreign ministry source told Reuters on condition… Read More
The Iraqi Ministry of Oil issued an announcement on Sunday, June 18, 2023, asking foreign oil corporations to compete for contracts to investigate and exploit natural gas sources in 11… Read More
According to the Organisation of the Petroleum Exporting Countries (OPEC), global oil demand will reach 110 million barrels per day by 2045, which will push up the world's energy demand by 2… Read More
Saudi Arabia has extended its oil production cut by one month, with a reduction of around 9 million barrels per day (bpd) until the end of August. This extension aims to support the stabilit… Read More
Oil prices are expected to rise in the second half of the year as supply struggles to meet demand, according to the Secretary General of the International Energy Forum. Demand has quickly re… Read More
U.S. Energy Secretary Jennifer Granholm has expressed concern over the volatility in oil markets and called for additional supplies to curtail prices. She emphasized the need for stable supp… Read More
Speech by HE Haitham Al Ghais, OPEC Secretary General, at the G20 Energy Ministerial Meeting, 22 July 2023, Goa, India.Thank you to the Government of India for hosting the G20 Energy Mi… Read More
Saudi Arabia will continue its voluntary 1-million-barrel-per-day crude oil production cut into September, marking the third consecutive month of declines. The country's production for Septe… Read More
According to the U.S. Energy Information Administration (EIA) and Shafaq News, Iraq increased its oil exports to the United States by 30.5% in the first five months of 2023.From January to M… Read More
Former Nigerian Petroleum Minister Diezani Alison-Madueke has been charged with bribery by British police.
According to British authorities, Alison-Madueke is scheduled to appear in Westmins… Read More
The news article argues that the world needs more oil, not less, due to its crucial role in providing vital products and services. It emphasizes that oil and gas continue to play a critical… Read More
Mutinous soldiers in Gabon have proclaimed Gen. Brice Clotaire Oligui Nguema as the country's leader, placing President Ali Bongo Ondimba under house arrest. The soldiers announced the coup… Read More
Saudi Arabia has extended its voluntary oil production cut of 1 million barrels per day until the end of the year. The cut was first implemented in July and has been extended on a monthly ba… Read More
The International Energy Agency (IEA) and OPEC are engaged in a dispute over peak oil demand, which refers to the point when global crude demand reaches its highest level and begins to decli… Read More
The Saudi energy minister, Prince Abdulaziz bin Salman, stated that the Saudi and Russia-led oil producers' alliance, known as OPEC+, is prepared to wait for "real numbers" before adjusting… Read More
OPEC has raised its long-term forecast for global oil demand, predicting it to reach 116 million barrels per day by 2045. This contrasts with the International Energy Agency's (IEA) predicti… Read More