Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But the rally was kneecapped by a variety of factors, and it could be challenging to break above those key pricing thresholds in the near future.
Unlike Canada's oil sands, characterized by vast toxic tailings ponds and environmental destruction, Petroteq has pioneered a breakthrough approach to oil sands production that minimizes the environmental impact.
It’s hard to imagine Saudi Arabia assuring Iran that its market share won’t suffer any consequences from its stated pledge to fill any supply gap left by a cut in Iranian exports resulting from the U.S. sanctions. It’s also hard to imagine Iran shrugging and letting this go. Could OPEC be on the way out? Maybe.
Considering the intensity of efforts by the U.S. to cut off as much Iranian oil exports as possible, it is unlikely that even Iran's significant discounts to Asian customers will save the country's oil exports.
The future of energy belongs to new tech, and investors hoping to score should look to these exciting new firms for some of those solutions.
Population growth and low agricultural productivity are deepening Kenya’s dependence on food imports.
A healthy appetite for crude, combined with an unexpectedly high level of compliance has stabilized markets. The threat of higher oil prices culling demand is still very low but will be looming on the horizon.
Higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty.
With its rapidly growing population, Africa should follow the tried-and-tested route of using manufacturing to achieve growth.
Demand for lithium is soaring, and producers are frantically searching for new sources of supply. Prices have doubled in the last two years, rising as high as $16,500 per ton.