Africa Oil & Gas: BP Oil-Buying Spree Jolts Sleepy West African Crude Market

Africa Oil & Gas: BP Oil-Buying Spree Jolts Sleepy West African Crude Market

(Bloomberg) — Two of the world’s biggest oil companies are stepping up buying and selling of West African crude at the same time as a new regional swaps market has emerged, as merchants seek new ways to eke out profits in a tough trading environment.

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Africa Oil & Gas: “Nigeria’s oil sector reforms on hold again” – Petroleum Economist

Africa Oil & Gas: “Nigeria’s oil sector reforms on hold again” – Petroleum Economist

President Buhari’s decision to delay passage of a petroleum industry bill won’t help investment sentiment, but shouldn’t affect offshore activity in the near term Nigeria’s latest effort to reform governance of its oil and gas industry seemed to be going unusually well.

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Global Markets: OPEC Sees Slower 2019 Oil Demand Growth

Global Markets: OPEC Sees Slower 2019 Oil Demand Growth

(Reuters) – OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year.

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Global Markets: Peak oil demand in five years?

Global Markets: Peak oil demand in five years?

A new report from Carbon Tracker predicts that the world will hit peak oil demand by 2023, much faster than most forecasts. Separately, a report from Norwegian risk-management company DNV GL comes to a similar conclusion. “The transition is undeniable,” said DNV CEO Remi Eriksen.

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