Russia’s move to curtail oil production underscores its commitment to the OPEC+ alliance and its efforts to influence global oil prices. This decision comes amidst ongoing market uncertainties stemming from geopolitical tensions and post-pandemic recovery.
In the News
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Tanzanian energy regulators visit Ghana to study its acclaimed petroleum downstream regulatory model, focusing on the Unified Petroleum Price Fund’s success.
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By 2030, discarded solar PV panels will quadruple, exacerbating the global e-waste crisis. Urgent action required to tackle the mounting environmental hazard.
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China’s Sinopec, the world’s largest oil refiner, reported a 9.9% decline in 2023 net profit. Despite the decrease, the company benefited from a strong rebound in domestic fuel demand, particularly for gasoline and aviation fuel.
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Oil prices took a breather on Friday, ending the week virtually unchanged. While hopes for a ceasefire in Gaza offered a welcome respite, the ongoing war in Ukraine continues to cast a long shadow over the global energy market.
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Kelvin Power Station’s innovative carbon capture pilot project significantly reduces harmful emissions, turning pollutants into valuable fertilizers, marking a leap towards sustainability.
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The African Development Bank shines at the IJGlobal awards for its crucial role in backing major renewable energy projects, marking a sustainable future for Africa.
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South Africa announces a sweeping infrastructure initiative, targeting an energy revolution with projects aimed at addressing the energy crisis and propelling sustainable growth.
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The US pause on new LNG export permits has raised questions about meeting future global demand. Industry leader Baker Hughes says the gap will be filled by other countries like Qatar, Argentina, and African producers.
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Sintana Energy, a leading figure in the energy sector, has unveiled significant strides in its exploration endeavors within Namibia’s Orange Basin. The latest developments mark a pivotal advancement in unlocking…