The oil market rollercoasters on Tuesday, buffeted by opposing forces. Concerns about potential interest rate hikes in the United States weighed on the market, while ongoing geopolitical tensions in the Middle East and supply disruptions due to wildfires in Canada provided some countervailing support.
In the News
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TCN’s new Generation Dip/Loss Detection System revolutionizes real-time monitoring and enhances the stability of Nigeria’s national grid through advanced technology.
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Wind power installations in Africa are soaring as nations focus on diversifying energy sources and expanding renewable electricity supply.
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Energy TransitionIn the News
Green Energy Spurs Massive Reindustrialization Opportunity in South Africa
Experts at Nedbank suggest that South Africa’s transition to green energy could fuel a transformative wave of reindustrialization, unlocking new opportunities for economic growth and sustainability.
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In a move that could signal a significant shift for Big Oil, Exxon Mobil faces mounting pressure from investors unhappy with the company’s handling of climate change activism. This investor discontent centers on a lawsuit Exxon Mobil filed against two small shareholders who proposed a climate resolution.
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In Q1 2024, soaring energy costs severely impacted Nigerian manufacturers, escalating production expenses dramatically.
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Bitcoin emerges as a game-changer in the oil industry, offering innovative solutions to reduce gas flaring and enhances sustainability.
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Abu Dhabi-based Mubadala Energy announces another significant gas discovery in Indonesia’s South Andaman basin, marking a milestone in the company’s exploration endeavors. The discovery underscores Mubadala’s commitment to expanding its…
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NNPC and NOSL commence oil production at OML 13, marking a significant increase in Nigeria’s oil production capacity and offering economic growth prospects.
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The Iraqi government awarded exploration and development rights for five additional oil and gas fields to Chinese companies on Sunday, May 12, 2024. This brings the total number of licenses secured by Chinese firms to ten since the bidding process began the previous day. A solitary Iraqi Kurdish company, KAR Group, also secured bids for two separate fields.