Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData.
According to ESAI Energy’s recently released One-Year Global Fuels Outlook, the US gasoline surplus will expand by roughly 80 000 bpd next year as demand continues to plateau and output keeps rising.
ESAI Energy China Analyst Yao Wu comments on the developments behind China’s predicted oil demand growth.