Bitumen Africa Podcast
Podcast about Market and Finanacial Events
Updated Weekly on Saturday
Fundamentals
get to know our Products and How to use them
Could European Oil Majors Relocate To The USA
|Bitumen Africa| Thursday, June 20, 2024 14:00 Could European majors relocate to the United States? If so, would this move have any advantages for them? These were the questions Rigzone posed to several analysts in exclusive interviews, in an effort to better understand the likelihood of such a scenario, as well the benefits. […]
Oil Rises Above For First 80% Time In a Month
|Bitumen Africa| Tuesday, June 18, 2024 14:00 Oil climbed, building on it's biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in broader markets. West Texas Intermediate settled above $80 a barrel for the first time in a month, with the again accelerating after prices broke through their […]
Uganda Doubles Oil Industry Budget as Start of Production Nears
|Bitumen Africa| Sunday, June 16, 2024 10:00 AM Uganda more than doubled it's annual budget for the oil and gas industry as it moves closer to the start of production, targeted for the next financial year. The government allocated 920.9 billion shillings ($246 million) to the sector for the year through June 2025, Finance […]
Oil Post Biggest Weekly Gain Since April as Fuels Strengthen
|Bitumen Africa| Saturday, June 15, 2024 15:00 Oil posed the largest weekly gain since April after OPEC+ clarified it's plan to return some output to the market and fuel market's showed signs of strength. West Texas Intermediate settled above $78 a barrel, posting a 3.9% weekly advance. Crude made the bulk of its gains on […]
Oil Settles Higher Amid Cooling US Inflation
|Bitumen Africa| Thursday, June 13, 2024, 15:00 Oil rose as risk-on sentiment spurred by cooling US inflation overshadowed an unexpected increase in the country's crude stockpiles. West Texas Intermediate advanced 0.8% close above $78a barrel after US consumer price came in cooler than anticipated. Still, a later report showing rising US crude and gasoline inventories […]
EU Proposes to Sanction Russian Shipping Giant Sovcomflot
|Bitumen Africa| Wednesday, June 12, 2024 14:00 The EU Union is proposing to sanction Russia's oil_shipping giant Sovcomflot PJSC in a move to limit the Kremlins' ability to finance it's war against Ukraine, according to a document seen by Bitumen Africa. State-owned Sovcomflot, the largest shipping company in Russia, has been one of the […]
Oil Recoups Losses as Rises Near $78 a Bareel
|Bitumen Africa| Monday, June 10, 2024 14:00 AM Oil rose 3% to settle near $78 a barrel, recouping losses from last week's sell off as trader's piled back into the commodity. US crude followed broader market's higher. News of additional sanctions on Iran's shipping sector also supported prince's, Which last week slumped to a four_month […]
Russian Oil Finds New Site for Controversial Cargo Switching
|Bitumen Africa| , June 0Wendy4, 2024 12:00AM Under pressures from Greece's navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a sign of how hard it will be to clamp down on an activity that has alarmed regulators and European governments alike. Tankers hauling […]
Rare Russian Oil Cargo Unload’s in Ghana After 3 Month Wait
|Bitumen Africa| Sunday, June 2, 2024 16:00 am An oil tanker holding Russia crude oil off the coast of Ghana is finally unloading the cargo after a three month wait. The Suezmax class-tanker Snow Lotus is discharging about 1 million barrels off Lukoil PJSCs Varandey crude, exported from the Arctic Sea, at Tema in […]
Oil Falls After Swinging In Lackluster Weekly Trade
|Bitumen Africa| Saturday, June 1, 2024 13:00 AM Oil futures fell alongside equity market's as trades await Sunday's OPEC+ meeting. After the US holiday on Monday, Oil spent a week trading without a drop in volume. West Texas Intermediate fell to near $77 a barrel as a lack of key catalyst meant crude was […]