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Qatar Energy to sign long-term LNG supply deal with Bangladesh
The agreement will be one of many to come this year as state-owned Qatar Energy secures sales for its mega expansion of North Field, a source with direct knowledge of the new contract agreement, who did not wish to be identified, said
- 3 years, 4 months
China's fuel oil imports soar as inspections curb bitumen blend intake
SINGAPORE: China's independent oil refiners are rumping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.
- 3 years, 5 months
CAMEROON: The Nachtigal dam will produce its first MW by the end of 2023
In Cameroon, the Nachtigal hydroelectric project will soon enter its operational phase, since the work is almost complete. The plant will be fully operational in 2024.
- 3 years, 5 months
Crude oil prices rise 2% and Brent is above $78 a barrel - (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, May 24 (2023), to continue to reap gains for the third consecutive session, amid fears of a supply shortage.
- 3 years, 5 months
Global demand for oil is rising to a record level
Global oil demand rose to a new record high in March 2023, supported by growth in China and the United States. The world's oil consumption jumped by about 3 million barrels per day, on a monthly basis, during last March, according to the report issued few days ago on this May 2023.
- 3 years, 5 months
ANGOLA: Angola's Downstream Development to Drive Domestic Capacity
Despite serving as the largest oil producer on the African continent, Angola has a minor downstream industry and currently imports approximately 80% of its refined petroleum. Consequently, one of the sub-Saharan African country’s Government’s main strategic targets is to increase domestic crude processing capacity.
- 3 years, 5 months
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