News from World

tag: Petrolio

04 January 2023

The new energy map

Russia is expanding its gas pipeline to China, and the United States received its first Venezuelan oil exports in four years. Meanwhile, a hastily built terminal in Germany accepted its first shipment of U.S. gas. The Ukraine war has reshaped the global energy map, forcing Moscow to look east as Europe increasingly refuses its exports, and Washington to revive troubled relations with Caracas. Still, this energy diplomacy may have a short shelf life. Given China’s rapid investment in renewable energy, and the years-long build time of new gas pipelines, it may be that Moscow’s investment doesn’t pay off for long.

03 January 2023

Record profits for energy firms

Oil and gas companies’ stock prices shot up this year despite otherwise miserable results for global equities. The energy sector as a whole saw share prices rise 60 percent in 2022, compared to a decline of more than 20 percent for the S&P 500 index overall, according to the Financial Times.

11 November 2022

Signs of slowdown in footwear exports from Cambodia

The Phnom Penh Post comments on the customs data of exports of shoes and components for footwear: the export of the sector in the first 9 months of this year amounts to 1.325 billion dollars, up 32.69% compared to 998.238 million last year. However, it signals a slowdown in new orders in the third quarter and also other difficulties in production that will affect exports in the coming months. Among the reasons, post-Covid-19 global inflation and the rise in oil prices. [Footwear exports may slip in Q4 - Phnom Penh Post]

10 June 2022

The state of art of Nigeria's leather industry just a few days before the Lagos Leather Fair

This year's Lagos Leather Fair (LLF5) will be held on June 11 and 12 at the Balmoral Convention Center on Victoria Island. Meanwhile, in Nigeria the debate is raging on how to reduce the state of dependence on oil and divert other economic resources vital to the country's economy. With this article entitled "Leather Industry: Nigeria's Next Cash Cow?" , THISDAYLIVE proposes to focus on the leather and leather products sector

29 April 2022

What is the dependence on Russian gas worldwide and what are the states willing to pay for it in rubles?

In 2019, Russia accounted for 41% of the EU's natural gas imports. Russia supplies only about 5% of the UK's gas supplies and the US does not import Russian gas. Russia is the world's third largest oil producer, after the United States and Saudi Arabia. Russia says it is no longer supplying gas to Poland and Bulgaria after the countries refused to pay for their supplies in roubles. The EU has said it considers the move to be a form of blackmail. [How reliant is the world on Russia for oil and gas? – BBC]

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