Author: Anthony Persuader
Financial Journalist with global coverage.
Angola Launches New Gas Consortium Project Angola has officially launched its first dedicated non-associated gas project, the New Gas Consortium (NGC) Gas Treatment Plant in Soyo, marking a major milestone for the country’s energy sector. Commissioned in November 2025, the onshore facility processes around 400 million standard cubic feet of gas per day and 20,000 barrels of condensate, sourced from the offshore Quiluma and Maboqueiro fields. The project represents a significant shift for Angola, moving beyond its historical reliance on oil and tapping standalone gas resources that can support a more diversified and resilient energy economy. The African Energy Chamber…
Oil Prices Steady on Weak Demand Ahead of OPEC+ Decision Oil prices were flattish on Friday ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies members’ (OPEC+) meeting this weekend. The stable price movement is also influenced by Russian-Ukraine peace deal brokered by the United States. Also, US inventories spiked more than expected amidst economic concerns. China’s imports have slowed down as Beijing’s economic numbers look impressive, with uncertainties clouding its outlook. This has remained negative for crude oil prices in the global commodity market. Brent Oil Futures expiring in January was muted at $63.35 per barrel, while…
Bitcoin Hits $90k as Texas Adoption Boosts Sentiment Bitcoin (BTCUSD) hit the $90k range in the latest crypto rally spurred by improved investors’ sentiment following Texas’s adoption of the world’s largest crypto assets. Fuelled by demand, the largest digital asset gained 2.70% in the last 24 hours to $90,170 as trading volume printed at $63.440 billion on the day. Trading volume is down by 3.2%. The token is trading positively following improved sentiment after Texas purchased spot Exchange Trade Fund (ETF). Texas purchased Bitcoin through BlackRock’s spot ETF, bypassing direct custody. This, according to a slew of crypto analysts reflects…
Oil Prices Dip as Russian Shipments Boost Supply Oil prices extended their decline on Tuesday after reports indicated that shipments had resumed at a Russian oil depot hit earlier by a Ukrainian drone attack. International benchmark Brent crude was trading at $63.31 per barrel, down 0.67% from the previous close of $63.74. US benchmark West Texas Intermediate (WTI) also decreased by about 0.72% to $59.27, compared to $59.70 in the prior session. The restart of shipments on Sunday after a two-day halt eased supply concerns and put additional downward pressure on prices. Andrey Kravchenko, head of Russia’s Novorossiysk region, said…
Bitcoin (BTCUSD) price is down by more than 13% over the last seven trading sessions as negative …
Bitcoin Price Crashes Below $100k over Panic Sell-offs Bitcoin fell below $100K in the latest crypto selloff amidst US Federal Reserve rate cut uncertainties. Markets are red across the board, with major cryptos sliding as fears cloud sentiment. The global market capitalisation of all cryptocurrencies edged lower to $3.3 trillion, fell by about 4% in 24 hours over Bitcoin and Ethereum sell pressure. The Fear & Greed Index is at 25 on Thursday, indicating extreme fear, which is lower than the previous month’s neutral 40. This suggests a negative shift in investor sentiment. Cryptocurrencies markets flipped sharply as December rate-cut…
Oil Prices Decline amid Rising Supply, Weak Demand Outlook In the global commodity market, crude oil prices declined on Thursday as concerns over a recovery in global supply and a weaker demand outlook continued to pressure the market. International benchmark Brent crude was trading at $62.51 per barrel, down 0.03% from the previous close of $62.53. US benchmark West Texas Intermediate (WTI) also decreased by about 0.01% to $58.43, compared to $58.44 in the prior session. Weak demand signals from the US, the world’s largest oil consumer, pressured prices. The American Petroleum Institute (API) estimated that US commercial crude inventories…
British Pound Falls Ahead of UK Economic Report The British pound weakened to $1.3125 as the market digested the significant rise in UK unemployment levels ahead of the economic report. The GBPUSD pair came under heavy selling pressure after UK jobs data showed further signs of labour market weakness. On Tuesday, GBPUSD fell to almost $1.3115 and recovered to almost $1.3185, a new session high, before the end of the European session. However, selling pressure returned today, and sterling is slipping through yesterday’s low. According to the Office for National Statistics (ONS), the UK’s unemployment rate rose from 4.8% to…
Oil Prices Edge Lower Ahead of U.S Government Reopening Global commodity market: Oil prices fell on Wednesday despite growing signs that the longest US government shutdown in history may soon end, as persistent concerns over global oversupply weighed on the market. International benchmark Brent crude was trading at $64.80 per barrel, down around 0.13% from the previous close of $64.89. The US benchmark West Texas Intermediate (WTI) also decreased by about 0.13% to $60.80, compared to $60.88 in the prior session. The US Senate passed legislation Monday to end the longest-ever government shutdown, which is now in its 42nd day.…
Carbon Emissions Ratio to World GDP Falls by 1.6% in 2024 The carbon intensity of world gross domestic product (GDP) or the ratio of CO2 emissions to GDP, declined by 1.6% in 2024 as economy expanded by 2.9% in real terms, Fitch Ratings said in a note, As the world economy expanded, carbon emissions also rose by 1.2% in the same period but at a slow pace compared with GDP growth. The pace of decarbonisation is being held back by the growing share in world GDP of emerging markets – which are far more carbon intensive – and recently by…