Oil & Gas Summiteer

Producers agonise in oil price slump

Producers agonise in oil price slump

By Sonny Atumah The downbeat demand for global oil is on. No one wants oil now. Refineries are not processing more crude. Manufacturing demand for crude is weak. The global oil stockpiles continue to build with caverns almost full to their brims. Supertankers or very large crude carriers heavily laden with 160 million barrels of […]
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Trump’s oil dominion amid climatic concerns

Trump’s oil dominion amid climatic concerns

Traditionally the power and influence of first term American Presidents start with their accomplishments in a hundred days in office. President Donald Trump in wielding that power reversed President Barack Obama administration’s leasing ban on oil blocks in the Arctic, Atlantic and Pacific waters. The euphoric executive order was also to open up exploration activities in the Virginia and North and South Carolina where drilling has been blocked for decades.

OPEC extension falls apart at the seams?

OPEC extension falls apart at the seams?

The U.S. Energy Information Administration revealed that domestic crude supplies fell for a fourth consecutive week by 900,000 for the week ending April 28 through inventories still strong despite OPEC crude oil exports dropping on the aggregate in April

Vanguard Detty December