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OPEC still has an important role to play in Global Oil Market

By Sebastian Wagner Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market … Read More

Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International … Read More

Coronavirus to delay most of 2020’s FPSO deliveries and postpone USD30 billion of E&P investments

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad … Read More

EIA’s International Energy Outlook 2018 focuses on uncertainty in economic projections for China, India, and Africa

The U.S. Energy Information Administration (EIA) released International Energy Outlook 2018 (IEO2018) today, which focuses on how different macroeconomic conditions and growth patterns might affect international energy markets in three key regions … Read More

Stanbic Bank and ICBC host Uganda – China Oil & Gas Business forum

Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC), the world largest bank and most valuable bank by market capitalization, hosted an Oil & Gas … Read More

Kenya, Sudan sign MoU on Oil and Mining Cooperation

Kenya and Sudan have signed agreements to deepen the two country’s collaboration in oil and mining sector with the East African country hoping to gain from Sudan’s experience in petroleum, … Read More