By Rystad Energy – Oct 18, 2024, 4:00 PM CDT FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies to reduce carbon emissions and improve operational efficiency. Geopolitical tensions and environmental concerns are key […]
FPSO Investments Surge Despite Geopolitical Uncertainty Read More »
Provided there is no renewed escalation of tensions in the Middle East, oil prices are likely to retreat further due to weaker fundamental data, Commerzbank commodity analyst Carsten Fritsch notes. Oil prices are likely to fall further “The oil price fell significantly this week after a US daily newspaper reported that Israel would spare Iran’s
Oil prices fall drastically – Commerzbank Read More »
Oil drilling rigs Oil prices rose today, Oct. 18 as investors digested data on China’s economic growth, but they are on track to post their largest weekly loss in more than a month. Brent crude futures for December delivery increased by 0.34%, or 24 cents, to $74.69 a barrel as of 7:54 am KSA time,
Oil rises but heads for biggest weekly drop in over a month Read More »
By Staff reporter Updated October 16, 2024 — 11.30am The Australian sharemarket opened lower on Wednesday, tracking losses on Wall Street, which pulled back from its records after the price of crude oil tumbled and technology stocks faltered. The S&P/ASX 200 fell 25.30 points, or 0.3 per cent, to 8293.10 as of 11.11am AEDT, with
ASX falls, led lower by energy stocks as oil prices tumble Read More »
CAPE TOWN – Extra virgin olive oil from South Africa is top-tier and deserves the respect it’s worth. That’s the proud remark of the owner of Ubuntu Extra Virgin Olive oil, Loyiso Manga. His company has just scooped Silver in the New York World Olive Oil competition. READ: Oil prices surge over Middle East tensions
Ubuntu Extra Virgin Oil | Local company scoops silver in world competition Read More »
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Oil prices end at lowest in a week, with U.S. crude supplies up more than expected Read More »
By RFE/RL staff – Oct 09, 2024, 2:00 PM CDT The escalating conflict between Israel and Iran could significantly disrupt global oil and gas supplies, leading to higher prices and economic instability. Iran has threatened to block the Strait of Hormuz, a crucial chokepoint for global oil transportation, in response to any Israeli attacks on
Experts Warn of Economic Fallout from Middle East War Read More »
News Investigators/ The Nigerian government has granted the Dangote Refinery the sole right to supply Jet fuel or Jet A1, to aircraft companies operating in the country. The minister of aviation, Festus Keyamo said airline operators have agreed to the arrangement to allow the refinery serve as their sole supplier of jet fuel, with his approval and cooperation. Mr.
FG Grants Dangote Refinery Monopoly To Supply Jet Fuel To Airliners Read More »
In a significant development for Nigeria’s aviation sector, the federal government has officially designated the Dangote Refinery as the sole supplier of jet fuel, also known as Jet A1, to airline companies operating within the country. This decision was confirmed by the Minister of Aviation, Festus Keyamo, during an interview on Channels TV on Tuesday,
Nigerian govt names Dangote Refinery as sole supplier of jet fuel Read More »
Home Business News Godrej Group reports slower EBITDA growth for second quarter of FY25 amid rising palm oil costs Since March, palm oil prices have surged significantly. As a result, Godrej’s management has chosen not to pass on the entire cost increase to consumers immediately, opting instead to prioritise long-term initiatives like its rural van
