What's New
Oil rises as tight supply trumps recession fears
Tuesday 5th of July 2022
Oil rose today as supply concerns driven by lower OPEC output, unrestin Libya and sanctions on Russia outweighed fears of demand-sapping global recession.Euro zone inflation hit yet another record high in June, strengthening the case for rapid Europea…
Nigeria Takes $1 Billion Hit in Q1 Revenue Due to Crude Oil Theft
Monday 4th of July 2022
(Reuters) — Nigeria lost $1 billion in revenue during the first quarter of this year due to crude oil theft, the petroleum regulator said on Friday, warning the practice was a threat to the economy of Africas topproducer.Nigeria loses millions of bar…
Spain Restarts Natural Gas Flows to Morocco on Maghreb-Europe Pipeline
Friday 1st of July 2022
(Reuters) — Natural gas has started flowing from Spain towards Morocco through a pipeline thatstopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday.Algeria decide…
Oil Likely To Hit $200: SEB Group
Thursday 30th of June 2022
Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group.Bjarne Schieldrop, SEB analyst,said on Wednesday in no uncertain terms that the G7…
