Latest News for: Oil growing

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Developing Oil Industry Set to Ignite South Sudan’s Economy

Capital Ethiopia 08 May 2024
During the forecast period 2022-2027, South Sudan’s oil market is poised to grow at a compound annual rate of 1.5% – rising from 134,000 in 2021 to approximately 160,500 bpd by 2027 ... Growing International Interest.
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Oil loses ground on increase in US crude and fuel stocks

Business Day 08 May 2024
Singapore — Oil prices fell ... Brent crude oil futures fell 30c, or 0.36%, to $82.86 a barrel by 3.48am GMT ... “Oil prices have come under further pressure as noise around Opec+ production policy grows....
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EIA estimates slower world oil demand growth in 2024 

Offshore Technology 08 May 2024
The US EIA revised its earlier forecast on world oil demand for 2024 on Tuesday, indicating that it is expected to grow at a slower pace.
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Should GCC economies with VAT have a rethink?

Gulf News 08 May 2024
There is a significant and growing increase in the budget resources of countries that adopted VAT, unlike those that did not, whereby non-oil budget resources remained stagnant without change, or even declined.
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Green tea over Green Card

Kuensel 08 May 2024
As an expert on herbs, Kinga claims that the herbs that he grows at higher altitudes have elevated levels of volatile oil compounds due to their slower growth process ... essential oils,” he said.
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New Licensing Round: Era of Frontloaded Huge Oil Signature Bonuses Over, Says Komolafe

This Day 08 May 2024
He added that the licensing round was expected to be a huge success for Nigeria and is a big step towards growing the nation’s oil and gas reserves through aggressive exploration and development ...
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CWEIC Meets with Federal, State Govts, Seeks Deeper Collaboration

This Day 08 May 2024
She added that CWEIC looks across a whole range of sectors in Nigeria, particularly around energy, oil and gas, infrastructure, growing the skills of young people, maritime, healthcare and SMEs on ...
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Renewable energy passes 30% of world’s electricity supply

AOL 08 May 2024
It was the fastest-growing source of electricity for the 19th consecutive year, and also became the largest source of new electricity for the second year running, after surpassing wind power.
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Tehran Oil Show 2024 to open In Tehran on Wednesday

Tehran Times 07 May 2024
... clear sign of rising trust in Iran’s oil industry.
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Obaseki Unveils Plan for 47,000-hectare New Oil Palm Plantation

This Day 07 May 2024
In many parts of the world, people are not cutting down trees to grow oil palm.  This informed our policy and strategy in Edo State as we decided to invest in the key competitive and comparative advantages. Edo is the home of natural oil palm.
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India’s Fuel Demand Jumped 6% in April

Oil Price 07 May 2024
... on Tuesday, as demand in the world’s third-largest crude oil importer continues to grow this year.
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Nigeria Needs to Diversify Economy, Invest More in Digital Technology, Says US Govt

This Day 07 May 2024
She said it was only when Nigerians grow and process their own goods and services away from crude oil sales that they would be able to generate enough revenue of foreign exchange to help stabilise foreign to naira exchange rate.
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BP reports 40% drop in Q1 earnings, trailing behind industry peers amid low energy prices

Invezz 07 May 2024
... streamline BP’s operations and reduce costs amid growing investor skepticism about the company’s strategy to shift focus from traditional oil and gas to expanding its low-carbon business.
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Russian Fuel Cargos Pile Up at Sea as South Korean Buyers Grow Cautious

Oil Price 07 May 2024
Russian oil product cargos are piling up at sea as their South Korean buyers grow reluctant to go through ...
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India x Nigeria: Collaboration on UPI, Pharma, Energy and Financial Services! - A Boost for ...

Your Story 07 May 2024
Nigeria's rich reserves of crude oil and natural gas are a potential energy shot for India's growing economy. Cooperation in the power sector could ....
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