Last Oct, Rystad Energy warned that inflation could freeze as much as half of the planned global solar power capacity additions this year.
A 180,000-bpd pipeline in Nigeria hasn’t transported any crude across Africa’s top oil producer since the middle of June due to oil theft, a source with knowledge of the matter told Bloomberg on Wednesday.
The Payakhskoye field is part of the company’s flagship project Vostok oil.
Oil prices fell again today, though they remain up over the year.
The oil output took a downturn compared to figures from May 2022 and fell yet again behind the Norwegian Petroleum Directorate’s predictions.
Libya has announced a renewed oil exports to Italy, demonstrating the end of a crisis in the country that paralyzed the energy industry.
The Russian stock indices showed mixed dynamics by the end of trading on Monday.
Militias mobilized overnight in the Libyan capital, Tripoli, as tensions rise amid the take-over of the National Oil Company (NOC) and the alleged lifting of force majeure at all oilfield and export terminals.
Iraq’s oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
Chinese refineries’ throughput fell for the first time in more than a decade during the first half of the year, by 6 percent to 13.4 million bpd.