Bitumen Africa Podcast
Podcast about Market and Finanacial Events
Updated Weekly on Saturday
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Balcony Solar: The Rise of Small-Scale Solar Power for Urban Living
In recent years, global solar power capacity has expanded rapidly due to government investments in clean energy and favorable renewable energy policies. Alongside large utility-scale solar projects, more households across the world have adopted solar panels. In response to this growing demand, solar companies have developed a broader variety of solar panel designs, including compact […]
Shell Gains Approval to Drill Off South Africa as Orange Basin Exploration Heats Up
Shell has received environmental authorization to drill up to five deepwater wells off the west coast of South Africa, specifically in the Northern Cape Ultra Deep Block (NCUD) located in the Orange Basin. This move is part of the company's broader exploration efforts aimed at discovering new oil and gas reserves. Shell emphasized that successful […]
Why Oil Prices Are Likely to Stay Below $70 Despite Middle East Tensions
Despite rising geopolitical tensions in the Middle East, oil prices are expected to remain capped below $70 per barrel for the rest of the year. According to market analysts and investment banks, without an actual disruption in oil supply from conflict zones, prices will continue to be dictated by the basic principles of supply and […]
Turning Waste into Wealth: How U.S. Coal Ash Could Power Critical Mineral Independence
Millions of tons of coal ash, a byproduct of coal mining, are stored in ponds and landfills across the United States, posing environmental risks. However, recent research suggests that these coal ash deposits could be a hidden resource for critical minerals vital to modern technology. A study from the University of Texas at Austin found […]
Oil Prices Dip as OPEC+ Eyes Further Supply Boost
Crude oil prices started the week on a downward trajectory as markets braced for another round of production increases from OPEC+, adding to a growing global supply. According to preliminary reports, the oil-producing alliance is expected to raise output by 411,000 barrels per day next month, bringing the total increase for the year to 1.78 […]
Middle East Ceasefire Eases Oil Supply Fears, Market Eyes Stable Prices and Output Boost
Goldman Sachs has reported that the risk of crude oil supply disruption in the Middle East has fallen significantly to just 4%, following a ceasefire agreement between Israel and Iran earlier this week. This development has calmed market fears, with options traders now assigning a 60% likelihood that Brent crude will average between $60 and […]
Closing the Strait of Hormuz: Implications for Global Energy Security
The Strait of Hormuz is one of the world’s most critical and vulnerable energy chokepoints, responsible for the transit of nearly 20% of global oil and a significant portion of liquefied natural gas (LNG). Following recent U.S. airstrikes on Iranian nuclear facilities, the Iranian Parliament voted to close this key maritime corridor, signaling a potential […]
The UK Is Betting on Nuclear Power
The U.K. government is renewing its commitment to nuclear power as part of a broader strategy to accelerate the country’s green transition. Plans include developing new large-scale nuclear plants and pioneering small modular reactors (SMRs) over the coming decades. This shift aims to expand clean energy capacity and reduce reliance on fossil fuels, aligning with […]
Namibia Seeks Incentives and Financing to Boost Offshore Oil Development Amid Major Discoveries
Namibia has recently emerged as a promising hotspot for offshore oil exploration, attracting major international companies like Shell, TotalEnergies, and Portugal’s Galp, which have made significant discoveries in its waters. However, the lack of existing infrastructure means that development costs remain high, posing challenges for production plans. To encourage these supermajors to commit to final […]
China’s Expanding Footprint in Latin America
Over the past quarter-century, China has rapidly evolved from a minor trading partner to a dominant economic force in Latin America, now second only to the United States in the region and South America’s top trade partner. This surge is largely driven by China’s Belt and Road Initiative, which has enabled massive investments in infrastructure […]