Gold Prices Show That Oil Is Still Cheap

Oil prices have tanked over the past two weeks, suffering from fears of additional OPEC supply hitting the market, the shattering of demand optimism over Delta variant fears, and unfavorable fuel inventory data. WTI was trading at $65.99/bbl early Tuesday, with Brent at $68.24, levels they crossed two months ago.

Nigeria: China Builds 1,980km Oil Pipeline From Niger to Benin Republic

Nigeria may have lost out on a multi-billion dollar oil pipeline contract following the decision of Chinese investor to move the project to neighbouring Niger Republic after it reportedly first tried to site it in Africa’s most populous country. The China National Petroleum Corporation (CNPC), now known as China Petroleum Pipeline Engineering Co. Ltd. (CPP), […]