Tag: Oil
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Oil Rebounds: Peak Demand Shifts to the 2030s as India Drives Growth
Oil Rebounds and the New Peak Timeline After years of warnings that global oil demand was nearing a ceiling, the energy landscape is showing renewed vigor for fossil fuels. Recent market dynamics indicate that demand may crest in the 2030s rather than the immediate future, a shift that surprises some observers but aligns with a…
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Top 10 Richest Families in the World: Dynasties Shaping Global Wealth
Introduction: A Snapshot of Global Family Fortunes The world’s richest families wield enormous influence across industries, from retail and oil to luxury goods and media. Recent analyses place a combined net worth of about $2.9 trillion for these dynasties, underscoring how legacy wealth has evolved with modern markets. While some families are rooted in long-standing…
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Springfield Takeover Monitor: Independent Valuation Key to Western Cape Block Viability
Background The Ghanaian government is weighing a potential state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2). The move, long discussed in policy circles, would hinge on a rigorous, independent valuation to determine commercial viability and strategic value. Energy Minister John Jinapor underscored that any…
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Budget 2026: Gov’t Moves to Reverse Oil Slide with $3.5B in New Investments
Overview The government’s 2026 Budget signals a decisive pivot in the country’s oil strategy as officials unveil more than US$3.5 billion in new investment commitments. This push aims to arrest a near five-year slide in oil production and lay the groundwork for a renewed trajectory of stability and growth in the sector. With the national…
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2026 Budget: Reversing Oil Decline with $3.5B Investment
Overview: A Budget Aimed at Reversing a Long Oil Slide The 2026 budget marks a decisive shift in energy policy as the government earmarks more than USD 3.5 billion in new investments to halt the country’s multi-year decline in oil production. With the national oil company (NOC) positioned to kick off offshore drilling later this…
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Wall Street plunges on Trump’s massive China tariffs warning
Wall Street tumbles as Trump signals a sharp tariff escalation Investors rode a volatile wave Friday as President Donald Trump teased a “massive” increase in tariffs on Chinese imports, stoking fears of a renewed escalation in global trade tensions. The morning had suggested a modest gain, but a post on Trump’s Truth Social platform quickly…
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CNBC Daily Open: Lights Out, A New Week Begins with Global Market Watch
Global headlines set the stage for a tense trading week As the world clock resets, investors are parsing a grab bag of headwinds and catalysts that could steer markets into the coming days. From Tokyo to Washington, policy shifts, energy moves, and tech developments are all vying for attention—and the tone is cautious heading into…
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CNBC Daily Open: Lights Out as Markets Brace for Week Ahead
CNBC Daily Open: Lights out and a clear roadmap for the week ahead The week begins with a global markets stage set and several big-moving threads ready to tug at prices across asset classes. From Tokyo to Texas, investors are weighing political leadership, policy trajectories, energy supply, and macro risk that could shape trading in…
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Putin Slams Trump: India Energy Ties and US Pressure Define Sochi Debate
Putin’s critique of Trump and the tariff debate At the international Waldai Discussion Forum held in a southern Russian resort near the Black Sea, President Vladimir Putin took aim at the outgoing U.S. administration. He criticized Washington’s approach toward India and the way tariff and economic pressure have been wielded as tools of foreign policy.…
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Putin Slams Trump, Backs India in Energy Trade Ties
Putin Slams Trump and Signals Support for India Russian president Vladimir Putin used the Waldai Discussion Club forum in a resort near Sochi to publicly critique the United States administration and recalibrate Moscow’s stance toward India. In a speech that mingled geopolitics with energy policy, Putin warned that U.S. pressure on India over energy purchases…