Alex Kimani

Latest articles from Alex

• One Sector To Watch Oil As Oil Prices Rally

  Published 03 August 2023 | viewed 9,804 times

  After remaining range-bound for much of the second quarter, oil prices have mounted a significant rally, with analysts saying oil markets are finally waking up…

• Nigerian Military Destroys 36 Illegal Refining Sites In Niger Delta

  Published 03 August 2023 | viewed 14,076 times

  Nigerian military forces have destroyed 36 illegal refining sites and arrested 22 suspected oil thieves in the Niger Delta in the country’s latest crackdowns on…

• Russia To Cut Oil Exports By 300,000 bpd In September

  Published 03 August 2023 | viewed 7,235 times

  Russia will cut oil exports by 300,000 barrels per day in September, Deputy Prime Minister Alexander Novak has announced. Russia has already pledged to cut…

• The Oil Price Rally Is Gaining Serious Momentum

  Published 03 August 2023 | viewed 24,587 times

  The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in…

• Big Oil Gearing Up For Massive Gulf Of Mexico Offshore Wind Auction

  Published 02 August 2023 | viewed 8,948 times

  Last year, the Biden administration outlined a range of clean energy initiatives it plans to undertake, key among them being the largest-ever sale of offshore wind…

• Citi: UK Carbon Price Set To Halve

  Published 02 August 2023 | viewed 2,606 times

  UK carbon permit prices could fall by almost 50% thanks to the UK government’s “lack of political ambition” to reform the country’s emissions trading system,…

• Chesapeake Energy Sees Drilling Costs Plummeting

  Published 02 August 2023 | viewed 13,934 times

  U.S. shale pioneer Chesapeake Energy Corp. (NASDAQ:CHK) has predicted a 5% to 7% deflation in oilfield service costs in 2024 as weaker drilling and completions activity hurts…

• How U.S. Crude Has Helped Stabilize Global Oil Markets

  Published 02 August 2023 | viewed 4,113 times

  Nearly two years ago, British oil and gas supermajor BP Plc (NYS:BP) announced that the North Sea crude price Dated Brent, the company’s most important pricing benchmark,…

• Pakistan Facing Energy Crisis After Putting Off Buying Pricey LNG

  Published 02 August 2023 | viewed 1,123 times

  Pakistan is at high risk of facing an energy crisis after it decided to hold off on buying expensive liquefied natural gas (LNG) cargoes until…

• Oilfield Services And Smaller Oil Companies Shine In Earnings Season

  Published 30 July 2023 | viewed 6,828 times

  Earnings season is here once again with ~20% of S&P 500 companies having returned their second quarter scorecards. Unlike recent seasons when the energy sector emerged as…

• Big Oil’s Big Bet On Petrochemicals Is A Flop

  Published 28 July 2023 | viewed 11,044 times

  A couple of days ago, we reported that Big Oil companies Exxon Mobil Corp.(NYSE:XOM) and Chevron Corp. (NYSE:CVX) were set to post huge profit declines mainly due to weaker oil…

• Tightening Fundamentals Have Given Oil Prices Significant Upside

  Published 27 July 2023 | viewed 3,954 times

  After remaining range-bound for much of the second quarter, oil prices have mounted a significant rally, with front-month Brent gaining over 10% since the beginning…

• 5 Companies That Could Benefit From Global Climate Change

  Published 27 July 2023 | viewed 1,670 times

  Rising sea levels, wild-fires, heat waves and extreme weather events are already wreaking havoc everywhere and could cost the global economy hundreds of billions of…

• Pakistan Secures Aramco Partnership Deal for $10B Refinery 

  Published 27 July 2023 | viewed 2,404 times

  Leading Pakistani state-owned companies are set to partner with Saudi Aramco in the giant $10-billion Greenfield Refinery project at Gwadar Port. Pakistan’s Oil and Gas Development Company…

• Offshore Oil Stocks Flying As Investors Bet On A Deep Water Boom

  Published 26 July 2023 | viewed 7,194 times

  Stocks of offshore oil and gas drillers and producers have gone on a tear after recent contracts broke records, reversing their seven-year downturn that reached…

• Saudi Arabia Likely To Extend Oil Production Cuts

  Published 26 July 2023 | viewed 9,645 times

  Saudi Arabia is expected to prolong its voluntary 1 million-barrel oil supply cut into September as it seeks to support the rebound in oil prices.…

• VW Hopes To Tap Chinese EV Market with $700M Xpeng Investment

  Published 26 July 2023 | viewed 1,030 times

  Europe’s largest automaker, Volkswagen AG, plans to invest $700 million in Chinese electric vehicle manufacturer, Xpeng Inc.(NYSE:XPEV), as it tries to stem a sales decline…

• Big Oil Profits To Take a Hit Amid Lower Oil And Gas Prices Big Oil companies

  Published 26 July 2023 | viewed 5,192 times

  Big Oil companies Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are both set to report a significant drop in second quarter profits when they…

• Europe Is Stockpiling Chinese Solar Panels At Record Levels

  Published 23 July 2023 | viewed 9,558 times

  The global energy crisis triggered by Russia's war in Ukraine exposed Europe's extreme vulnerability due to the continent's over-reliance on Russian energy commodities, especially natural…

• WoodMac: Brazil's Private Firms To Increase Oil Output By 75%

  Published 22 July 2023 | viewed 5,221 times

  Global research and consultancy group Wood Mackenzie has predicted that Brazil's private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030. According…