• 5 minutes Global Economy-Bad Days Are coming
  • 8 minutes IT IS FINISHED. OPEC Victorious
  • 14 minutes Venezuela continues to sink in misery
  • 17 minutes Could Tesla Buy GM?
  • 9 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 38 mins OPEC Cuts Deep to Save Cartel
  • 7 hours What will the future hold for nations dependent on high oil prices.
  • 15 mins Price Decline in Chinese Solar Panels
  • 2 hours And the War on LNG is Now On
  • 2 hours Alberta Cuts Push Prices Too High
  • 22 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 23 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 19 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 1 day Permian Suicide
  • 2 days Asian stocks down
  • 2 days GOODBYE FOREIGN OIL DEPENDENCE!!

Global Energy Advisory October 28th 2016

Politics, Geopolitics & Conflict

• The Niger Delta Avengers have again violated the ceasefire negotiated with the Nigerian federal government, blowing up Chevron’s 100,000-bpd Escravos pipeline. The militant group had warned Chevron against attempting to repair and restart the pipeline. The NDA also said the peace negotiations with Abuja are not moving forward. The latest attack comes just days before President Buhari’s visit to the Delta to discuss the future of the region with local community leaders. According to some, NDA is being supported by southern politicians who want to see Buhari dethroned. The Nigerian South, where the Niger Delta lies, is predominantly Christian, while Buhari, who comes from the North, is a Muslim and took over the helm of the country from a southerner in the 2015 elections. The Delta communities are much poorer than the North, and unemployment rates are higher, causing widespread unrest. In the meantime, while the Nigerian government announced on Tuesday that Shell’s Forcados terminal exports have been relaunched after attacks forced its shutdown in February, our sources in the Petroleum Ministry say that Forcados has been exporting for some time already, but had kept it quiet to avoid retribution from militants.

• Another Mubarak-era official in Egypt has won an acquittal for criminal charges, this time the former oil minister, charges with selling under-priced gas to Israel and squandering public…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News