Blog
OIL SUPPORTED BY CRUDE, GASOLINE DRAWS.
Today, crude oil prices dipped as the Energy Information Administration revealed a 2-million-barrel reduction in U.S. crude oil inventories for the week ending March 15, accompanied by a decline in gasoline stocks.
- 2 years, 4 months
SAUDI ARAMCO TO EXPAND NATURAL GAS OUTPUT CAPACITY BY 60%.
Saudi Arabia's state oil giant Aramco, having abandoned plans to expand oil capacity earlier this year, is now set to increase its natural gas output by 60% by 2030, according to Reuters. This information comes from an Aramco executive speaking at the Houston CERAWeek energy conference.
- 2 years, 4 months
CNOOC MAKES ANOTHER MAJOR OIL DISCOVERY OFFSHORE CHINA.
CNOOC Limited has announced a significant oilfield discovery in the Bohai Sea off the coast of China, confirming more than 100 million tons of oil equivalent in-place volume.
- 2 years, 4 months
INDIA BUYS MORE U.S. OIL.
Stricter enforcement of sanctions on Russian crude oil has led to reduced exports to India. The volume of U.S. crude oil flowing to India in April is expected to be the highest since May 2023.
- 2 years, 4 months
NEW TECHNOLOGY IS FUELING AMERICA’S OIL BOOM
On March 11, 2024, the Energy Information Administration (EIA) confirmed that the United States has become the largest crude oil producer in history.
- 2 years, 4 months
SAUDI ARABIA: ARAMCO'S DIVIDEND INCREASE RAISES FINANCIAL CONCERNS.
Saudi Aramco raised dividends by 30% in 2023, despite a drop in profits due to an 18% decrease in the average price per barrel of Brent crude oil.
- 2 years, 4 months
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.