Oil production in West Africa is facing significant challenges that make it difficult to return to pre-coronavirus levels, although global crude production is on the way to recovery. A recent report by the energy research firm Rystad Energy believes that…
Continue ReadingOil prices extended their gains to about 2.5% during trading on Friday, with US crude rising above $80 a barrel. The rise came after the OPEC + alliance rejected a US call to increase supplies, and maintained plans for a…
Continue ReadingChina has discovered huge reserves of shale oil estimated at more than 4 billion tons (29.168 billion barrels), which may play an important role in protecting the country's energy security. A unit of Sinopec announced the discovery of 458 million…
Continue ReadingOil prices extended their gains to more than 2%, during trading today, Thursday, with the expectation of the OPEC + alliance’s decision on production policy. Investors expect the major producers in the OPEC + alliance to stick to the policy…
Continue ReadingOil prices deepened their decline by about 3%, during trading today, Wednesday, as US crude fell below $ 82, after the release of data on crude stocks in the United States. This comes with mounting pressure on OPEC + to…
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