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Climate activists in Africa have described the new Africa Carbon Markets Initiative (ACMI) launched at the COP27 in Sharm El-Sheikh, Egypt on November 8 as a further distraction from the real solution to climate change. The ACMI has a 13-member steering committee of African leaders, CEOs, and carbon credit experts, who believe the initiative will…
November 9, 2022
Says Govt Should Get Out Of Company, Oil Sector Despite a change in its nomenclature, nothing has changed in terms of value addition and transparency since the Federal Government commercialised the Nigerian National Petroleum Corporation Limited (NNPCL), transforming it to a private company, Kaduna State Governor, Nasir El-Rufai has said. Governor El-Rufai explained that government's…
October 13, 2022
Russia will not cut any output while the price of oil is set to rise in the coming months. Earlier this week, OPEC+ announced the biggest cut to its collective target since 2020. Russia is estimated to have been around 1 million bpd below its 11-million-bpd quota for September The leader of the non-OPEC oil…
October 10, 2022
Crude oil exports from all OPEC oil producers were down in the first 25 days of September compared to the full month of August, according to data from Petro-Logistics cited by commodity analyst Giovanni Staunovo on Wednesday. Between September 1 and 25, OPEC’s crude oil exports averaged 21.648 million barrels per day (bpd), which was…
September 28, 2022
Leading Climate Activist, Nnimmo Bassey has faulted proposal and arguments advanced in support of a Debt-For-Climate (DFC) swap deal as solution to Nigeria’s debt crisis. The New Diplomat recalls that Vice-President Yemi Osinbajo while delivering a lecture at the Center for Global Development in Washington D.C, United States (U.S.) in early September, had said the…
September 24, 2022
The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or recession in the U.S., and a recession in Europe. Global maritime trade is slowing down and freight rates are returning to more normal levels. Fitch: The Eurozone and UK are now expected…
September 19, 2022
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no changes in its economic…
September 13, 2022
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrel per day (mb/d) to the overall oil production level is only intended for September 2022. OPEC made this known at its report on the 32nd OPEC and non-OPEC Ministerial Meeting held via video conference on Monday obtained by the News…
September 6, 2022
..Including The Net-zero Emissions Plan Faulted By Climate Activists To Meet US VP, Kamala Harris Vice President Yemi Osinbajo early Wednesday jetted out of Abuja to the United States of America, alongside members of his high-level delegation in pursuit of global partnerships and support for Nigeria’s recently launched Energy Transition Plan. Prof. Osinbajo is leading…
August 31, 2022
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Climate activists in Africa have described the new Africa Carbon Markets Initiative (ACMI) launched at the COP27 in Sharm El-Sheikh, Egypt on November 8 as a further distraction from the real solution to climate change. The ACMI has a 13-member steering committee of African leaders, CEOs, and carbon credit experts, who believe the initiative will…
November 9, 2022
Says Govt Should Get Out Of Company, Oil Sector Despite a change in its nomenclature, nothing has changed in terms of value addition and transparency since the Federal Government commercialised the Nigerian National Petroleum Corporation Limited (NNPCL), transforming it to a private company, Kaduna State Governor, Nasir El-Rufai has said. Governor El-Rufai explained that government's…
October 13, 2022
Russia will not cut any output while the price of oil is set to rise in the coming months. Earlier this week, OPEC+ announced the biggest cut to its collective target since 2020. Russia is estimated to have been around 1 million bpd below its 11-million-bpd quota for September The leader of the non-OPEC oil…
October 10, 2022
Crude oil exports from all OPEC oil producers were down in the first 25 days of September compared to the full month of August, according to data from Petro-Logistics cited by commodity analyst Giovanni Staunovo on Wednesday. Between September 1 and 25, OPEC’s crude oil exports averaged 21.648 million barrels per day (bpd), which was…
September 28, 2022
Leading Climate Activist, Nnimmo Bassey has faulted proposal and arguments advanced in support of a Debt-For-Climate (DFC) swap deal as solution to Nigeria’s debt crisis. The New Diplomat recalls that Vice-President Yemi Osinbajo while delivering a lecture at the Center for Global Development in Washington D.C, United States (U.S.) in early September, had said the…
September 24, 2022
The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or recession in the U.S., and a recession in Europe. Global maritime trade is slowing down and freight rates are returning to more normal levels. Fitch: The Eurozone and UK are now expected…
September 19, 2022
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no changes in its economic…
September 13, 2022
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrel per day (mb/d) to the overall oil production level is only intended for September 2022. OPEC made this known at its report on the 32nd OPEC and non-OPEC Ministerial Meeting held via video conference on Monday obtained by the News…
September 6, 2022
..Including The Net-zero Emissions Plan Faulted By Climate Activists To Meet US VP, Kamala Harris Vice President Yemi Osinbajo early Wednesday jetted out of Abuja to the United States of America, alongside members of his high-level delegation in pursuit of global partnerships and support for Nigeria’s recently launched Energy Transition Plan. Prof. Osinbajo is leading…
August 31, 2022
