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The new Gulf oil states


The new Gulf oil states
The United States used to attach little importance to Africa, but now it is reviewing its oil sources strategy and sub-Saharan Africa, with its good quality reserves, could account for 25% of all US crude oil imports by 2015.
by
Jean-Christophe Servant 
While the United States marshals its forces to attack Iraq, it is also engaged in an equally strategic battle several thousand kilometres away. This calm offensive, as the Nigerian daily
The Vanguard  (1) calls it, targets oil reserves south of the Sahara and is designed “partly to avoid antagonising its Middle Eastern allies and partly to avoid generating a perception that it cares only about Africa’s resources” (2). According to Walter Kansteiner, US Under-Secretary of State for African affairs, African oil “has become a national strategic interest” (3). Ed Royce, the influential Republican senator for California and chairman of the Congress African sub-committee ....

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La OPEP elevará la producción de petróleo antes del verano

La OPEP elevará la producción de petróleo antes del verano
lavanguardia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lavanguardia.com Daily Mail and Mail on Sunday newspapers.

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OPEC+ Agrees to Gradually Boost Oil Output in Coming Months


OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike
Bloomberg
4/1/2021
Salma El Wardany, Javier Blas, Dina Khrennikova and Grant Smith
(Bloomberg) OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months.
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Before Thursday’s meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are more convinced now that fuel demand is on a firmer footing after a yearlong beating from the coronavirus.
As countries like the U.S. rapidly expand their vaccination programs, there are growing signals that the oil market is healing. Last week, American refiners processed the most crude since the pandemic started as they prepared for a surge in driving and flying. ....

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