Lukoil takes Shell’s place in Russian oil and gas venture

Russian state-controlled oil producer Gazprom Neft has agreed to form an exploration and development joint venture with privately held compatriot Lukoil, covering several major oil and gas assets in the…

Investors With $10 Trillion In Assets Will Issue Net-Zero Standards For Big Oil

Institutional investors responsible for $10.4 trillion worth of assets unveiled on Wednesday a net-zero standard that sets minimum expectations for what oil and gas companies must include in their plans to become…

Oil Prices Rise Further On Large Crude Inventory Draw

Crude oil prices went up today on bullish news from the U.S. Energy Information Administration, which reported a 6.4-million-barrel draw in crude oil inventories and another draw in fuel inventories.A week earlier,…

Invest in Africa and Tullow Ghana collaborate to deliver financial readiness programme

Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently…

Ghana to hold first ever CEOs and Vice Chancellors Energy Summit

Ghana will from November 23 to 25, 2021 hold her first Energy Summit in Accra for chief executive officers of energy-related companies and vice chancellors of public and private universities.The…

China’s Oil Sale Is A Clear Message To OPEC+

China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called "an…

China to sell off portion of national oil reserves

The Chinese government has included the sale of 7.38 million barrels of its national crude reserve in its first auction, the government announced on Tuesday.The sale, set for September 24,…

IEA Sees Robust Oil Demand In October

After three consecutive months of declines due to the Delta variant, global oil demand is set to rebound with a 1.6-million-bpd jump in October and continue rising through the end…

Oil Prices Climb On Shocking OPEC Report

The surge of the Delta variant around the globe is set to partially delay oil demand recovery into the next year when robust economic growth and stronger recovery in fuel…

China’s Futile Attempt To Send Oil Prices Lower

Oil prices were choppy last week, but as of this writing, have so far failed to break out of last week’s trading range. Further to that end, the oil market…
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