Is Saudi Arabia really quitting oil?
Saudi Arabia has set itself ambitious targets for green energy and wants to become carbon neutral by 2060. So will it now cease fossil fuel production altogether? Not at all. In fact,…
Greece says tension easing in East Med dispute with Turkey
Turkey has reduced the number of navy vessels in an area of the East Mediterranean where it disputes Greek jurisdiction over oil-and-gas drilling rights, Greek authorities have said.…
Women carve out role in south Tunisia protest movement
In oil-rich southern Tunisia, locals are furious at the government and oil companies for failing to follow through on their promises to create jobs. With unemployment stubbornly high in the region and…
Oil Bunkering: Nigeria loses N25bn annually to Illegal trade
Oil Bunkering: Nigeria loses N25bn annually to Illegal trade…
COVID-19: How the pandemic is impacting Nigeria’s oil exploration prospects
As the first half of the year winds down, the COVID-19 pandemic has shaped global oil dynamics with the OPEC+ supply cuts helping to keep oil prices afloat. Alex Nachi Tarka, President…
BluFx’s global oil market trends for 2020
Oil producer club, OPEC, says global oil demand is anticipated to decline by 6.4 million barrels per day in the second half of the year compared with a decline of 11.9 million…
Russian oil spill leads to charges against plant director
The director of an Arctic power plant faces five years in jail after a major oil spill. Some 20,000 tons of diesel have flowed out of a collapsed storage structure, polluting waterways…
Oil prices rise as COVID-19 lock-downs start to ease
Oil prices have climbed up in recent times driven by relaxed coronavirus restrictions and lock-downs in some countries which have allowed some businesses and factories to resume operations. The market was also…
Coronavirus deepens risks for migrant workers in the Gulf
In the oil-rich Persian Gulf states, foreign workers face high risks, low wages and exploitation. The COVID-19 outbreak is a health crisis they can't afford, and authorities and employers are providing little…
Why global oil prices are going topsy-turvy
These are strange times indeed — with oil prices in negative territory, sellers are practically giving it away. But is that really because of the coronavirus or is it about the oil…
How low can it go? The collapse of crude oil prices
With the global economy grinding to a sudden halt because of the Covid-19 pandemic, oil prices are going through the floor with suppliers fast running out of room to store the stuff.…