Blog
SLB, BAKER HUGHES SEE OIL EXPLORATION SPENDING RISING AS IRAN WAR DISRUPTS SUPPLY.
Oilfield services giants such as SLB and Baker Hughes anticipate a rise in global spending on oil exploration and production, driven by tighter energy supplies linked to conflict in the Middle East.
- 6 months, 2 weeks
USA : GOLDMAN SACHS RAISES OIL PRICE FORECASTS ON TIGHT SUPPLY.
Goldman Sachs has increased its oil price outlook for the fourth quarter, projecting Brent crude at $90 per barrel and U.S. West Texas Intermediate (WTI) at $83.
- 6 months, 2 weeks
PAKISTAN TURNS TO RUSSIA AND VENEZUELA AS MIDDLE EAST OIL SUPPLIES SHRINK
Pakistan’s government is looking to buy crude oil from Russia, Venezuela, and Nigeria to replace lost supply from the Middle East, Pakistan Today reports, adding that the government is also seeking LNG cargoes.
- 6 months, 2 weeks
TOP INDIAN REFINER FACES PROFIT HIT FROM PRICE SURGE
Reliance Industries, the biggest oil refiner in India, is expected to report a drop in profits for its fourth quarter to March, driven by the oil price surge caused by the war in the Middle East.
- 6 months, 2 weeks
AUSTRALIAN STATE BETS ON BIODIESEL TO REDUCE RELIANCE ON OIL
Australia's state of Queensland will pour A$25 million in biodiesel production project in a bid to reduce its reliance on imported fuel amid a severe supply crunch resulting from the war in the Middle East.
- 6 months, 3 weeks
BIGGEST ENERGY CRISIS IN HISTORY, IEA WARNS AS IRAN WAR ROCKS GLOBAL ENERGY SUPPLIES.
The escalating conflict between Iran, the United States and Israel is rapidly evolving into what the International Energy Agency calls the most severe energy crisis in modern history, threatening global oil and gas supplies at an unprecedented scale. As military tensions intensify across the Middle East, the world is witnessing simultaneous disruptions in crude oil shipments, liquefied natural gas flows, and already strained global supply chains. With energy markets rattled, prices soaring, and strategic reserves under pressure, the crisis is raising alarm over inflation, economic instability, and the possibility of a prolonged global energy shock that could surpass every previous oil crisis.
- 6 months, 3 weeks
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.