Bitumen Africa Podcast
Podcast about Market and Finanacial Events
Updated Weekly on Saturday
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Oil and Gas Industry Bets on Low-Cost Exploration
Oil and gas companies are focusing on maximizing returns by strategically exploring hydrocarbon resources. Companies that invested early in frontier plays like Guyana are reaping the benefits of large oil and gas discoveries, while others are concentrating on areas with existing infrastructure. These regions, close to producing fields and platforms, offer lower exploration and development […]
Saudi Arabia Slashes Oil Prices
Saudi Arabia has sharply reduced the official selling prices (OSPs) for its crude oil, particularly for Asian markets, ahead of a planned production increase in May. The most significant cut was for Arab Light crude, which will be priced $2.30 lower per barrel, now sold at a $1.20 premium over the Dubai/Oman benchmark. This marks […]
Saudi Arabia will issue more debt this year
Saudi Arabia's Vision 2030 plan, which aims to build futuristic cities and resorts, is facing challenges due to lower oil prices. The Kingdom, as the world's top crude oil exporter, is experiencing oil prices that remain about $20 per barrel below the fiscal breakeven price. This gap is pushing the country to borrow more money […]
China Dominates Azerbaijan’s Electric Vehicle Market
China has established a strong foothold in Central Asia’s electric vehicle (EV) market, and is now looking to expand its influence in the Caucasus, with Azerbaijan serving as its primary entry point. In 2024, Azerbaijan saw a significant increase in EV imports, with Chinese-made vehicles making up 77% of the total, reflecting a clear trend […]
A significant increase in global oil supply is projected for 2025
This year is set to witness the highest increase in new oil supply in a decade, with nearly 3 million barrels per day expected to be added globally, according to data from Raymond James. Major contributors to this surge include the giant Tengiz field in Kazakhstan, the Bacalhau field in Brazil, and production expansions in […]
MIT Startup Pioneers New Solar Installation Model
The United States’ clean energy transition is being slowed down by complex permitting processes, bureaucratic delays, and local opposition, which have significantly hampered the development of large-scale renewable energy projects. The International Energy Agency (IEA) highlighted in 2024 that it often takes as long to secure permits for renewable projects as it does to build […]
Trump Administration’s Energy Policies Reshape the Renewable Sector
The Trump administration has significantly altered the U.S. renewable energy sector through a series of policy changes since taking office in January. Key actions include declaring a national energy emergency to fast-track fossil fuel development, imposing tariffs on steel and aluminum, and rolling back environmental regulations. These measures aim to boost domestic energy production and […]
U.S. Dependence on Foreign Resources Fuels Trade Tensions
The Trump administration's approach to tariffs has been unpredictable, with tariffs being authorized, suspended, and reauthorized, creating uncertainty. While targeted tariffs on specific goods to prevent unfair competition may be effective, the administration's broad and inconsistent use of tariffs risks disrupting critical supply chains, particularly those for strategic minerals vital to America's technology sector. The […]
Egypt’s Ambitious Oil and Gas Plans
Egypt is positioning itself to become a major player in the fossil fuel sector with ambitious new projects and investments. The country is planning a $7 billion petrochemical complex in New Alamein City and several major oil and gas auctions to revive its struggling energy sector. Egypt is a significant fossil fuel producer in Africa, […]
OPEC+ announced a small production increase
OPEC+ announced a slight increase in oil production for April, citing a "healthier oil market outlook." The alliance remains optimistic about global oil demand, forecasting growth of 1.4 million barrels per day (bpd) for both 2025 and 2026. However, this optimism may not be the primary reason behind the decision, as OPEC+ has delayed easing […]