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Oil companies could get caught in a stranded asset trap worth $500 billion, environmental think tank Carbon Tracker said in a new report this week. According to the report, Surging oil prices may tempt oil and gas companies to make long-term investment decisions that cost shareholders dearly, but a cautious managed approach to the energy transition would do most to preserve shareholder value and help society achieve climate goals. The authors noted the recent surge in oil prices but cautioned Big Oil about letting it

In this article, we discuss the oil price predictions for 2022 and top 5 energy stocks.

New 7 year cycle high reached $88.52 but finds sellers.

The rising oil prices might have a negative impact on Nigerias revenues, according to Shubham Chaudhuri, the World Banks country director for Nigeria. Ironically, Nigeria is at a point now where rising oil prices might not be a good thing because although oil production might go up and crude oil revenue may increase, which in []

Last week''s highs taken out

New Delhi: Crude oil price on Wednesday surged to $90 per barrel for the first time since 2014. It may rise further due to political tensions in Europe and the Middle East. Analysts believe that the price may hit $125 per barrel if the tension between the North Atlantic Treaty Organization (NATO) and Russia over Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

The Nigeria Labour Congress (NLC), has declared that the lasting solution to the crisis associated with petrol subsidy removal could only be resolved through the construction of new refineries in the country. Akpausoh Akpausoh, National General Secretary, Radio, Television and Theatre Arts Workers Union (RATTAWU) stated this on Wednesday in Akure, Ondo state capital while speaking with journalists on why the planned nationwide rally against the proposed increase in pump price was suspended. Akpausoh, who represented NLC President, Ayuba Wabba in Ondo State and coordinated the suspended protest, said the several attempts to resuscitate the existing refineries had failed with over $10 bilion going down the drain. He, therefore, declared that the only way out of the fuel subsidiary crisis was for the Federal Government to establish another set of refineries so that the importation of finished products of crude oil would come to an end. Comrade Akpausoh noted that the Federal Governments attempt to hike pump price was illegal because it ran afoul of the November 20, 2020 agreement reached by the Federal Government and the labour union on fuel subsidy.

The brewing Russia-Ukraine geopolitical crisis is unlikely to have any significant impact on oil and gas flows, Jeff Currie, Goldman Sachs Global Hea

Oil futures trade mixed Tuesday, with prices underpinned by supply concerns but pressured as global equities see renewed pressure.

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Nigerias gross domestic product (GDP) growth is expected to lag some of the continents smallest nations as analysed from the 2022 projections by the International Monetary Fund (IMF). With a combined economy size that is four times less than Nigerias real GDP, five of Africas smallest nations are expected to grow at a rate that is individually higher than Africas most populous nation by over 100 percent. On why the economy of Africas acclaimed giant will be crawling behind its smaller peers in 2022, analysts point at the countrys insecurity, lack of growth-driven reforms, foreign exchange volatility, and a harsh business environment. Size is not everything. In 2022 and beyond, the big boys would do well to learn from the diversification of some of their smaller neighbours, analysts at The Economist say. The five small countries Rwanda, Benin Republic, Ghana, Senegal, and Seychelles that have been predicted by the Washington-based intuition to surpass the 3.8 percent growth projection for sub-Saharan Africa region (SSA) have one thing in common none is reliant on oil or mining.

The thinking re oil on getting the Iran nuke deal back is that (eventually) there will be more oil supply. Eventually.

Oil and gas facilities across the Permian Basin have "persistently" released large amounts of methane over the past three years, emitting the equivalent annual climate pollution from

Saudi Aramco (ARMCO) CEO Amin Nasser was in the press today discussing oil markets (USO) - demand is back, investment is low and consumption is undeterred by high prices. Demand is

Investments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers