Tag Archive

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

ENERGY NEWSTRACK TO 23/08/18:

ENERGY NEWSTRACK TO 23/08/18:

August 23, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $71.75 a barrel on Wednesday, 22 August 2018, compared with $71.01 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Strong Dollar Could Cap Oil Prices

Strong Dollar Could Cap Oil Prices

July 27, 2018 No Comments

The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump’s trade war with China, which is still in its early stages, has already battered the yuan. The dollar has gained more than 8 percent against the Chinese currency since March. As Reuters points out, in dollar terms the […]

IMF Staff Concludes Visit to Nigeria

IMF Staff Concludes Visit to Nigeria

July 13, 2018 No Comments

An International Monetary Fund (IMF) staff team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, visited Nigeria from June 27 to July 9, 2018 to discuss recent economic and financial developments, update macroeconomic projections, and review reform implementation. At the end of the visit, Mr. Mati issued the following statement: “Higher […]

New Oil Cartel Threatening OPEC

New Oil Cartel Threatening OPEC

July 5, 2018 No Comments

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas […]

U.S. Fed Is Driving Down Oil Prices

U.S. Fed Is Driving Down Oil Prices

June 20, 2018 No Comments

The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge up the dollar to a […]

IMF Executive Board Concludes 2018 Article IV Consultation with Algeria

IMF Executive Board Concludes 2018 Article IV Consultation with Algeria

June 1, 2018 No Comments

On May 30, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Algeria. Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and current account deficits remain large. Real GDP growth slowed […]

Emerging Market Meltdown Could Undermine Oil Rally

Emerging Market Meltdown Could Undermine Oil Rally

May 31, 2018 No Comments

Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty. Higher […]

Does Oil Prices really have to be high?

Does Oil Prices really have to be high?

May 22, 2018 No Comments

The benefits of Oil prices rises to corporate entities and oil producing countries seem to undermine the devastating effects on other economies. We have been consistently told that high oil prices promotes technological advances and further exploration for the oil companies as they are able to spend more on on research and development. The recent […]

Did Trump Just Kill The OPEC Deal?

Did Trump Just Kill The OPEC Deal?

May 10, 2018 No Comments

Trump’s decision to kill the Iran deal could put an end to the OPEC agreement. As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with estimates ranging from essentially nothing to as much as 1 […]

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