November 29, 2022/OilPrice.com Michael Kern Editor, Oilprice.com Chart of the Week – The global Brent benchmark sunk to its lowest level since early January this week, almost dropping below $80 per barrel, as China protests unsettled investors that were still hoping for demand growth. – A more balanced supply/demand outlook […]
OPINION/EDITORIAL
Gulf Countries Should Maintain Reform Momentum, Despite Oil Boom
IMF COUNTRY FOCUS November 29, 2022/IMF Photo credit: HansMusa/Getty Images Additional revenues from higher energy prices could help the region achieve long-term prosperity by maintaining the recent reform momentum GDP growth for Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE—is expected to more than double, […]
Kolmani Integrated Development Project Attracted Over $3Bn in FDI
November 28, 2022/CSL Research According to BusinessDay news report, President Muhammadu Buhari on Tuesday flagged off the crude oil drilling on Kolmani Oil Prospecting Licence (OPL) 809 and 810 at the Kolmani field sites in Bauchi and Gombe states. The president noted that over 1 billion barrels of oil reserves […]
