Posts Tagged ‘Nigeria’

The Oil Big Five: Already looking at changes for 2016 and beyond

We’re speeding toward the end of 2015, which means that our monthly oil feature, The Oil Big Five, is increasingly focused on topics that could shape the global oil industry into 2016 and beyond.

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The Oil Big Five: Crude oil catches much of our attention

Oil made its way into various public conversations between last month’s posting of The Oil Big Five and this month’s roundup of some of oil’s biggest and hottest topics. Looking back over the past few weeks, and then looking forward toward the rest of the year, it’s clear that there may not be any slowing down anytime soon.

Welcome, once again, to The Oil Big Five, where we ask our oil editors and analysts worldwide what they think are the most important or interesting topics in oil at the moment.

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A tale of two crudes: Nigeria and Angola

Nigeria and Angola,  both situated on the west side of Africa, are two of biggest producers in the region, but the crudes from these two countries have treaded divergent paths in the past year, despite a lot of similarities.

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The Oil Big Five: Marking one year of watching the global oil industry

This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.

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Nigerian elections 2015: Oil, militancy and subsidies

On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president.

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The Oil Big Five: Slowdowns from capex cuts and strikes

In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.

You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.

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New Frontiers: Price drops could reset African crude production expectations

With spending cutbacks already taking their toll on global upstream activity, oil companies are being forced to rethink their approach to Africa’s vulnerable high-risk, high-reward exploration frontiers.

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Can Africa’s oil producers weather the oil price storm?

West Africa has suffered one of its most difficult years in 2014. and 2015 is shaping up to be an even more difficult year for that region. While the deadly Ebola virus will eventually wind down, the disruptions caused by the outbreak will continue to cripple the economies of Liberia, Guinea and Sierra Leone.

The political landscape across west and east Africa remains delicate as nations across the region continue to grapple with insecurity and terrorist threats. Africa in 2014 faced intensified terrorism in Nigeria, increased attacks by al-Shabab in Kenya and civil war in the Central African Republic and South Sudan. 

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Challenges facing Africa — and some of its oil producing countries — in 2015

Plummeting oil prices coupled with a significant increase in terrorism, and regime instability pose a direct threat to several sub-Saharan African countries the next year.

2015 will ask searching questions for Nigeria’s political climate as the country heads into a crucial election in February. Campaigning comes against a backdrop of sliding crude prices which have crushed an economy which relies on oil for 70% of its income. Opposition in the north to president Goodluck Jonathan’s re-election has deepened because of a deadly insurgency by Boko Haram Islamists in the region.

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IEA again looks to OPEC to balance 2014 market

The International Energy Agency on Tuesday cut its oil demand growth forecast for 2014 for a number of reasons, not the least of which is a weaker global economic outlook than previously thought and lower oil supplies in the second quarter.

But even though the world won’t need as much oil this year as IEA earlier thought, that doesn’t mean it won’t need more crude from OPEC.

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