Oil Is Booming Again, So Is OPEC Power The slump that characterized the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom. LONDON, April 24 (Reuters) – The slump that characterised the oil market between the middle of 2014 and…
China’s Staggering Demand for Commodities JEFF DESJARDINS China’s Staggering Demand for Commodities >50% OF ALL STEEL, CEMENT, NICKEL, AND COPPER GOES THERE The Chart of the Week is a weekly Visual Capitalist feature on Fridays. It’s said that in China, a new skyscraper is built every five days. China is building often, and they are building…
Flashpoints to Watch As Global Trade Tensions Mount President Donald Trump’s decision to levy aggressive tariffs on steel and aluminum imports has placed his America First economic ideals squarely at the forefront of the political agenda. Last year’s decision to withdraw from the Trans-Pacific Partnership trade pact hinted at the maverick president’s resolve to follow…
Why Saudi Aramco International Listing Might Not Happen – Sources Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally; but Reuters (16 March 2018) reports that plans for an initial public offering (IPO) on an international exchange, such as London or New York hang in the balance. This speculation is based on sources…
Mohammed bin Salman Isn’t Wonky Enough Saudi Arabia’s crown prince knows his country needs an economic overhaul, but his plans don’t add up. BY STEFFEN HERTOG Saudi Arabia has moved from political paralysis to rapid action under the de facto leadership of Crown Prince Mohammed bin Salman. He has introduced a raft of ambitious economic reform…
Africa Oil Corp Buys 25.2 Percent Equity Interest in Impact Oil and Gas Ltd. Canadian oil and gas company Africa Oil Corp (TSE: AOI) has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa. Impact Oil and Gas Limited operates as…
Saudi Arabia’s ARAMCO Joins the Shale Revolution! Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas. Saudi Arabia’s gas resources from shale and other alternative supplies are…
Oil Price to Average $75 Per Barrel in 2019–BMI Research The price of Brent crude oil will average $75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research. BMI’s forecast is significantly higher than the Bloomberg consensus, which forecasts that Brent will average $63.5 per barrel…
Political Instability Rising in Several Oil, Gas Producing Countries Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights. Government instability is set to rise over the next three years in oil and gas producing countries including…
Major changes and hard decisions facing the downstream oil industry in Africa are high on the agenda of the African Refiners and Distributors Association (ARA), which will hold its thirteenth yearly conference, in Cape Town, from March 12 to 16. Amid oil companies’ divestment of assets and the emergence of international oil traders and foreign companies willing to invest in the infrastructure involved in the…