May 10 (Reuters) – A number of oil and gas companies in Canada’s main crude-producing province Alberta restarted shuttered production on Wednesday as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
THE Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that at 1.5 million barrels per day, Nigeria was producing oil at 60 percent of technically allowable 2.5 million barrels per day.
Crude oil prices fell further today after the Energy Information Administration reported an inventory build of 3 million barrels for the week to May 5.
Argentina, which with a 2022 gross domestic product of $632 million is Latin America’s third-largest economy, is once again in the midst of a deep economic crisis that emerged during the 2020 COVID-19 pandemic.
Mild spring weather with low gas demand combined with pipeline maintenance to drag spot natural gas prices at the Waha hub in West Texas into negative territory this week.
Crude oil prices were once again on the decline today in Asian morning trade, extending a slip that began yesterday after the American Petroleum Institute surprised markets by estimating an inventory build in both crude and gasoline.
As Ghana embarks on its energy transition agenda, some experts have warned of possible job cuts if the government do not transition well.
Australian junior Invictus Energy received a welcome fillip from studies carried out on last year’s Mukuyu-1 wildcat in Zimbabwe, with data indicating the presence of light oil, natural gas condensate and helium.
ABU DHABI, May 9 (Reuters) – The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Tuesday that additional voluntary output cuts by the OPEC+ producer group were implemented to balance the oil market.
The Kremlin pledged to cut crude output by 500,000 barrels a day in March and maintain it through to December in retaliation for Western restrictions, which include a price cap imposed by the Group of Seven industrialized nations. Yet so far, crude flows from ports have shown little evidence of output cuts.