Bitumen Africa Podcast
Podcast about Market and Finanacial Events
Updated Weekly on Saturday
Fundamentals
get to know our Products and How to use them
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 […]
Oil Prices Surge as Israel and Iran Target Each Other’s Energy Infrastructure
Brent crude futures jumping over 4% on Sunday following an 8% surge on Friday. This spike is driven by escalating military conflict between Iran and Israel, which has now extended to critical energy infrastructure. The current crisis represents one of the most significant recent shocks to global oil markets, as fears mount over potential supply […]
U.S. Crude Production Set For A Decline
Treasury Secretary Scott Bessent’s plan aims for 3% annual GDP growth, a budget deficit reduced to 3% of GDP, and an increase in domestic oil production by 3 million barrels per day. However, industry analysts and energy experts argue that these targets are largely unrealistic. One of the key concerns is that U.S. oil producers […]
India’s Energy Shift: Coal Declines as Renewables Surge to Record Highs
Despite the lowest coal prices in Asia in four years, India’s coal power generation in May dropped to its lowest level since the 2020 Covid lockdowns. This decline was driven by the absence of heatwaves, which typically increase electricity demand, alongside a significant rise in renewable energy generation. While coal still accounted for over 70% […]
Scandinavian Breakthrough: Sweden and Finland are leading global efforts to solve nuclear waste challenges
Several countries are reconsidering nuclear energy as a clean alternative to fossil fuels, despite longstanding concerns about radioactive waste. While nuclear plants produce very little waste relative to the energy generated, the disposal of high-level radioactive waste, such as spent fuel, remains a critical challenge. Public fears around contamination and environmental risks have historically hindered […]