Author hkrichiedistribution

Climate Protestors Target World’s Biggest Independent Oil Traders

Scores of climate change protesters from a Swiss branch of the Extinction Rebellion campaign group staged protests against commodity houses in Geneva, occupying the office of Vitol Group, the biggest independent oil trader. About 50 protesters breached the offices of Vitol near the Hotel des Bergues in Geneva on Monday, where they used tape to

Continue Reading →

Ghana Approves Tullow Gas-flaring Request to Support Offshore Development

Tullow Oil said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields. The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial output guidance for 2019, contributing to a terrible year that also saw delays at East African projects, disappointing

Continue Reading →

Africa’s Largest Oil Nation Could See Production Drop 35%

Nigeria’s oil production could drop by 35 percent in the next ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment decisions on three major deepwater projects, consultancy Wood Mackenzie told Reuters on Thursday. OPEC member Nigeria is the largest oil producer in Africa and it pumped 1.776

Continue Reading →

Oil Too Cheap to Ignore Sends Chinese Refiners on Buying Spree

A sudden oil buying spree by China’s independent refiners has taken Asian traders by surprise. After weeks of production cuts, cargo deferrals and cancellations because of the deepening impact of coronavirus on Chinese crude demand, companies including Shandong Shouguang Luqing Petrochemical Co., Shandong Huifeng Petroleum Chemical Co. and Sinochem Hongrun Petrochemical Co. have returned to

Continue Reading →

← Previous Page