Analysts See Oil Trading Closer To $70 Through Year-End

Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants…

China Doubles Down On Coal Despite Global Push To Go Green

Despite global expectations to move away from coal, demand in China is still strong, as rising global temperatures causing heat waves are driving up electricity demand and coal prices.  Thermal coal…

Coal Demand Is Spiking In 2021

Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting…

Not Even The Peak Oil Threat Can Slow Brazil’s Oil Boom

The global push to substantially reduce carbon and other fossil fuel emissions is expected to sharply impact demand for fossil fuels. It will eventually trigger a phenomenon known as peak oil…

Climate “bad banks”: the key to sustainable energy transformation?

The world is increasingly moving away from coal productionThe cost of financing coal projects has increased sharplyClimate “bad banks” are seen as a solution to take over and wind down…

Eni seeking FPSO for billion-barrel Angola field

Eni is seeking an FPSO vessel for its operated deepwater Agogo field in Angola’s Block 15/06.The company has discovered more than 5 billion barrels of oil in the block, including…

Net-Zero Agenda Clashes With Rapidly Rising Global Energy Demand

“The reality is that the world is set to need more energy, not less energy,” BP’s chief executive Bernard Looney said last week, explaining why the company he leads aims to grow…

Is America’s Oil Industry Too Big To Fail?

The Biden administration is making strides in reducing the United States’ dependence on fossil fuels for its energy needs. The federal government’s post-pandemic plan involves hundreds of billions in financing…

Oil Market Still Far From Being Back To ‘Normal’

Worry about oil demand sparked by the resurgence of Covid-19 in some parts of the world and a fund selloff in oil futures has reversed the recent price rally. OPEC+…

Ghana’s total petroleum receipts for first half is US$330.3m – OforiAtta

Ghana’s total petroleum receipts (i.e. proceeds from liftings and other petroleum receipts) for the first half of 2021 amounted to US$330.3 million,Finance Minister, Ken Ofori-Atta, has revealed to parliament on…
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