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A survey of 45 economists and analysts forecast benchmark Brent crude would average $86.49 a barrel this year, down from February’s estimate of $89.23. Brent is currently trading around $80, having been dragged to 15-month […]

News wire — Global commodities trader Vitol posted a record net profit of almost $15 billion in 2022, reaping the benefits of the energy crisis and leaving behind its competitors, the Financial Times reported on […]

*Crude oil export vessel London — In 2022, U.S. crude oil exports averaged 3.6 MMbpd, a record high according to export data that has been collected since 1920. U.S. crude oil exports in 2022 were […]

N’jamena — Chad’s parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy from ExxonMobil’s affiliate, Esso Exploration and Production Chad. In December, ExxonMobil closed the sale of […]