Thirsty Thursday Podcasts
FNB | Explosion and fire at illegal oil refinery in Nigeria claims 15 lives, including pregnant woman
On Tuesday, reports emerged of a devastating explosion and fire at an illicit oil refinery site located in Nigeria's Niger Delta region, resulting in at least 15 individuals killed.The incident occurred on Monday in the Emohua district of southern River state,...
Rigzone | Bonds, oil, dollar are 3 headwinds for stocks. What investors need to know
Investors can breathe a sigh of relief now that September — historically the worst month of the year for stocks — is in the rear-view mirror. This past September certainly lived up to its reputation, with the S & P 500 and the Nadsaq suffering its biggest...
OilPrice.com | OPEC Secretary General Sees Oil Prices Staying High
Rising global demand for energy and oil is set to keep crude oil prices elevated, OPEC’s Secretary General Haitham Al Ghais told the BBC in an interview published on Tuesday.Oil demand is expected to rise by around 2.4 million barrels per day (bpd) this year...
OilPrice.com | Pakistan’s First-Ever Private-Sector Shipment Of Russian Crude Oil
Private Pakistani refiner Cnergyico has recently imported the first Russian crude cargo in the private sector in the South Asian country, a company spokesman has told Reuters.Pakistan has so far imported Russian crude on a government-to-government basis in a...
OilPrice.com | Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and Russians...
OilPrice.com | Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy
The spike in oil prices to the highest level in more than a year worked wonders for the Middle East. Saudi Aramco is back to buying minority stakes in private Chinese refiners, enjoying the fact that oil prices have been more than $10 per barrel above its...
Rigzone | Surging oil prices fuel fears of dreaded phenomenon
Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation.Oil prices surging to the brink of $100 per barrel and the specter of higher-for-longer inflation have renewed concern...
Rigzone | A potential oil price rally to $100 per barrel raises questions over demand destruction
boonchai wedmakawand | Moment | Getty ImagesSupply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction.Brent crude futures rose 63 cents per barrel from...
OilPrice.com | Exxon Withdraws From Small Oil Exploration Block Offshore Guyana
ExxonMobil and its partner Hess Corp have withdrawn from the Kaieteur exploration block offshore Guyana as they pursue more prolific opportunities in the bigger and highly productive Stabroek block.“Our withdrawal from the Kaieteur block has no impact on our...