A review of global oil prices on Oil Price early on Wednesday, September 13 (5:36 AM, GMT+1), showed that Brent crude is at $92.28 per barrel.
LAGOS — Implementation of the 2023 budget of N21.8 trillion is currently threatened as the nation has suffered a shortfall in crude oil output, amounting to 470,000 barrels per day, bpd in August 2023.
From the moment on 24 February 2022 when Russian troops first moved into Ukraine, liquefied natural gas (LNG) became the key swing energy resource without which the Western response to Russia’s latest act of war would have been as impotent as its response to the annexation of Crimea in 2014.
China imported in August record volumes of coal and the third-highest monthly amount of crude oil ever. But the recent surge in the imports of major commodities could be masking one-off temporary factors instead of a rebound in China’s economic growth in the second half of the year.
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil supply cuts until the end of the year.
OPEC’s crude oil production was 27.45 million barrels per day in August, according to the group’s latest Monthly Oil Market Report (MOMR) published on Tuesday.
Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times, citing IEA research.
Consolidated Energy Service Chamber Ghana (CESCGHA), a new service chamber, has been inaugurated in Accra.
The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, has been adjudged the winner of the coveted Oil and Gas Industry Leadership Award for the year at the just-ended 4th edition of the Africa Public Sector Conference and Awards (APSCA 2023).
MEXICO CITY, September 11, 2023 – Perenco has completed an onshore drilling campaign to up oil production at the Santuario and El Golpe permit in Tabasco, Mexico, the UK-headquartered E&P company announced on Friday.