Geopolitical uncertainty is on the rise. Volatile oil and gas prices, shifting alliances in the Middle East, shocks to the European Union (EU) such as Brexit, the expansion of China, the Trump administration in the US, and the rise of nationalism and opposition to free trade —...
KPMG Global Chemicals Institute is pleased to announce the launch of the twenty-fifth edition of REACTION Magazine, KPMG’s signature publication for the chemicals and performance technologies industry, which you can download here.
1. Libya stops oil production and exports from key ports.
Libya’s oil exports from the Mellitah terminal will be disrupted after protests disrupted production last week at the key El-Feel deposit. According to Bloomberg, crude loadings at Mellitah, the export terminal for El-Feel, will...
With informal OPEC talks scheduled to take place in Algeria later this month, early comments from member countries signal that measures to "restore stability and order to the oil market" will be the focus of the discussions.
Too often, we measure loss on a large scale, by the billions of dollars in damage or the millions of people affected. But that doesn’t mean that we need billions to be able to help. Sometimes impact comes down to making sure a woman has a decent suit to wear into work every day.
US expanded sanctions in relation to the Russian energy industry. This in substance involves participating or assisting with new energy projects, the most notable one being North Stream 2, a parallel pipeline for additional Russian exports to Germany with a an additional projected capacity of 55 billion cubic meters.