Is Brazil Part of OPEC+ and What Does It Mean for Global Oil?
In 2010, IEA thought Brazil’s output would hit 4.4 million bpd by 2020, but it was just over 3 million. Brazil is a Schrödinger’s Cat within OPEC+. It exists both…
Oil & Gas
In 2010, IEA thought Brazil’s output would hit 4.4 million bpd by 2020, but it was just over 3 million. Brazil is a Schrödinger’s Cat within OPEC+. It exists both…
Zohr facilities will process the gas in Egypt before liquefying at Damietta and shipping it to Europe. Egypt and Cyprus are signing agreements that allow the gas from Cyprus’ offshore…
Russia’s gas company Gazprom reported that it had stopped at 0500 GMT after Ukraine declined to renew a transit deal. Russian gas exports through Ukraine via Soviet-era pipelines were stopped…
Tokyo Gas has been experimenting with new energy sources as it struggles to reduce its carbon footprint. Tokyo Gas will release its annual report to shareholders this week, which could…
Oman’s economic trajectory will be significantly impacted by its global oil dynamics with Opec+ cuts, and changing demand projections will impact the country’s hydrocarbon revenue and overall growth prospects. Oman‘s…
Officials are convinced that the increase in merchandise growth in India amidst the persisting geopolitical upheavals indicates an economy that is in recovery in the post-pandemic years. India’s merchandise trade…
The amount these MDBs have resolved to raise at COP29 will go into supporting poor countries to reduce their greenhouse gas emissions and transition from fossil fuel to renewable energy.…
The World Bank states that due to the falling oil value, the average price of global commodities like food and metals will go to a five-year low. The World Bank…
Investments in new fossil fuel projects have surpassed global demand. Fossil fuels could soon become noticeably cheaper and more abundant as the countries speed up the transition to renewable energy…
The oil giant of Saudi, Aramco also signed a deal to sponsor Formula 1 and a partnership deal with Aston Martin Racing Aramco, the Saudi Arabia’s oil giant which is…