ExxonMobil has resumed full oil production in Guyana after completing crucial pipeline work, marking a return to full capacity and advancing energy infrastructure projects.
Victor Adetimilehin
Victor Adetimilehin
Victor Adetimilehin, widely known as Vic’Adex, is a celebrated global arts in medicine fellow and a staunch ambassador for religious tolerance. Beyond his institutional affiliations, Victor is an incredibly passionate and award-winning spoken word artiste, most notably recognized for his stirring poem, "men not gods." A fervent supporter of pan-Africanism, he actively champions and bolsters Nigerian creative hubs, fostering an environment of artistic growth and cultural exchange. Victor's dedication to the arts and peace advocacy positions him as a vital influencer in bridging cultural gaps.
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Oil prices jumped 3% as Libya’s production cuts and Middle East tensions heighten supply concerns, causing market fluctuations.
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Sinopec posts a 2.6% profit increase in the first half of 2024, driven by record oil and gas production, while shifting focus to LNG and EV charging to combat weak domestic demand.
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Oil prices jumped over 2% as the Federal Reserve hinted at potential interest rate cuts, sparking optimism in a market facing global economic uncertainty.
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Brazil’s renewable energy sector faces significant challenges as grid caps imposed by the National Electric System Operator lead to financial losses and doubts about future investments.
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Egypt plans to restore its oil and gas production to previous levels by 2025, with the help of international partners and strategic investments, according to Prime Minister Mostafa Madbouly.
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Oil prices fell $1 per barrel following a significant revision of U.S. jobs data, sparking fears of economic slowdown and adding to global market uncertainty.
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Consol Energy and Arch Resources merge to form Core Natural Resources, a $5 billion coal giant aiming to expand its influence in fast-growing Asian markets.
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Exxon and Chevron clash in arbitration over Hess’s Guyana oil assets, with the valuation of these assets playing a key role in the $53 billion Chevron-Hess merger.
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Goldman Sachs forecasts Brent crude prices could fall to $68 per barrel by 2025 due to weakened oil demand in China, as the country’s economic slowdown continues to impact global markets.