OPEC lifts 2026 oil demand view and trims supply growth from rivals
World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries said in a monthly report
Tag: Donald Trump
Read More
Trump administration must state its position on climate and energy
The exact intentions of the incoming Trump administration regarding climate policy and energy policy have not yet been made clear.
FG should reveal those stealing crude with vessels –Elumelu
“How can we be losing over 95 per cent of oil production to thieves? Look at the Bonny Terminal which should be receiving over 200,000 barrels of crude oil daily, instead, it receives less than 3,000 barrels, leading the operator Shell to declare force majeure.
Another major breakthrough for solar energy
That partnership appears to be bearing fruit, with the consortium recently announcing highly encouraging advancements in perovskite technology that could boost the efficiency of perovskite solar cells from the current ceiling of ~25% to a dreamy 66%.
Saudi Arabia’s Solar City disaster
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by Libya, and continuing tensions in the Persian Gulf, oil prices saw the largest daily loss in years on Thursday after President Donald Trump tweeted that his administration would be putting…