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Oil and Gas
Brazil divided on oil drilling proposal in the Amazon Delta
The proposal to drill oil off the mouth the Amazon River has revealed a rift within the cabinet of Brazilian President Luiz Inacio Lula Da Silva. This will be a test for his promises to stop environmental destruction.
The national oil…
UK to introduce floor on oil and gas windfall taxes
In an effort to increase North Sea investment, the levy will only be applied if prices exceed a certain threshold. Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North…
How a Midnight OPEC Deal Won Gulf Unity on Africa’s Expense
The two Gulf heavyweights of OPEC walked hand-in-hand from the OPEC headquarters to the Vienna sun, Saturday. They signaled the end of a long rift.
Saudi Arabia has reached an agreement to allow the United Arab Emirates to pump more…
Saudi Arabia aims to increase oil prices by cutting production of 1mn barrels per day
Saudi Arabia announced that it would cut oil production to 1 million barrels per day, in an effort to boost oil prices. This announcement came after a heated meeting of Opec+ producers on Sunday in Vienna.
Prince Abdulaziz bin Salman of…