Category archives for: Energy

Oil Tumbles Towards $20 As Glut Grows

March 28, 2020//-The brief rebound in oil prices was never going to last in the current environment, and as the global crude glut nears historic highs, prices are heading towards $20.

Ghana: Vivo Energy Supports Lorry Parks on COVID-19 Prevention

Accra, Ghana, March 26, 2020//-As a contribution to the fight against the COVID-19 pandemic, Vivo Energy Ghana, the distributers and marketers of Shell branded products and services has donated boxes of hand sanitizers and liquid soaps to some lorry parks to ensure basic hygiene is observed in the discharge of their duties.

COVID-19: ACEP Predicts Drop in Oil Revenue

Accra, Ghana, March 23, 2020//-The Africa Centre for Energy Policy (ACEP) has predicted a huge drop in the government of Ghana’s projected revenue for 2020.

What the Massive Locust Swarm in Africa and the Middle East Means to the US

March 21, 2020//-Amid worldwide concerns over the new coronavirus, an age-old but now “extremely alarming” problem is developing in several countries that represents “an unprecedented threat to food security and livelihoods” as the start of growing season approaches for these parts of the world, according to the Food and Agriculture Organization (FAO) of the United Nations. 

Oil Plunges As Saudis Boost Exports To Record High

March 18, 2020//-After having instructed Aramco to boost production to unseen levels, Saudi Arabia now plans to boost oil exports in May to a record 10 million barrels per day, causing oil prices to fall once again.

Earth Day@50: Earth Day Network Shifts to Global Digital Mobilizations

Washington, D.C, U.S, March 17, 2020// — Amid the recent coronavirus (COVID-19) global pandemic, Earth Day Network, the global organizer of Earth Day, will mark the 50th anniversary of Earth Day with the first Digital Earth Day, a global digital mobilization on April 22 to address the most urgent threats to people and the planet. 

Oil Demand To Plunge By 10 Million Barrels Per Day

March 17, 2020//-As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s.

Oil Markets Prepare For Bankruptcies, Layoffs And A Drilling Slowdown

March 13, 2020//-Oil prices have fallen nearly 50 percent since the start of the year and the short-term outlook isn’t looking very promising as OPEC and Russia continue to boost supply.  

Oil Crashes Again On U.S. Travel Ban

March 12, 2020//-After a brief respite following reports of central bank economic stimuli in the United States and the UK, crude oil slumped once again after on Wednesday, President Donald Trump instituted a 30-day travel ban on most European countries because of the coronavirus pandemic.

Africa’s Life After OPEC+

Johannesburg, South Africa, March 12, 2020//-Sometimes it is easy to forget how interconnected human lives across the globe have become.

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