Tag Archive

Total decides to remove the discount on the scrip dividend

Total decides to remove the discount on the scrip dividend

December 12, 2017 No Comments

The Board of Directors of Total met on December 12, 2017 and declared a 2017 second interim dividend of €0.62 per share, in accordance with the Board’s decision of July 26, 2017, unchanged compared to the 2017 first interim dividend and representing an increase of 1.6% compared to the 2016 second interim dividend. The Board […]

Supply and Demand to govern Oil Prices

Supply and Demand to govern Oil Prices

December 7, 2017 No Comments

Oil and gas prices expected to rise more, but increases in supply will check growth A combination of forces, including more production, could help keep future price increases in check, industry experts predicted. the U.S., long an importer of natural gas, became a net exporter Foreign buyers are in a bidding war with U.S. consumers […]

OPEC Will Extend The Cut

OPEC Will Extend The Cut

November 28, 2017 No Comments

There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the […]

IMF Staff Concludes Visit to Russia

IMF Staff Concludes Visit to Russia

November 20, 2017 No Comments

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Moscow during November 13–17, 2017, to discuss the economic outlook and related policies. At the conclusion of the visit, Mr. Ramirez Rigo made the following statement: “A cyclical recovery in Russia is gaining pace after a two-year recession, with growth expected to reach […]

‘President Buhari asked us to focus on Northern Nigeria’- World Bank president, Jim Yong Kim, claims

‘President Buhari asked us to focus on Northern Nigeria’- World Bank president, Jim Yong Kim, claims

October 13, 2017 No Comments

The President of the World Bank Group, Jim Yong Kim, held a press conference in Washington D.C yesterday and spoke about World Bank activities in Africa. While addressing the press, Kim reportedly said that in his first meeting with President Buhari, the president asked that the world bank should specifically shift its focus to Northern […]

EIA Guestimates Keep Oil Prices Subdued

EIA Guestimates Keep Oil Prices Subdued

September 5, 2017 No Comments

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The monthly EIA oil production figures tend to be more accurate than the weekly estimates, although they are published on several months after the fact. The […]

IMF Concludes 2017 Article IV Consultation with Bahrain

IMF Concludes 2017 Article IV Consultation with Bahrain

August 22, 2017 No Comments

On June 5, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Kingdom of Bahrain. Background Bahrain’s fiscal and external vulnerabilities have increased in the wake of the oil price decline. Overall GDP grew 3 percent in 2016, supported by strong growth of 3.7 percent in the […]

IMF Completes Second Review of Iraq’s Stand-By Arrangement

IMF Completes Second Review of Iraq’s Stand-By Arrangement

August 2, 2017 No Comments

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about […]

IMF Approves US$642 Million for Gabon

IMF Approves US$642 Million for Gabon

July 31, 2017 No Comments

On June 19, 2017, the International Monetary Fund (IMF) approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for SDR 464.4 million (about US$642 million), or 215 percent of Gabon’s quota, in support of the authorities’ medium-term recovery program. The EFF-supported program will help Gabon ensure macroeconomic stability and lay the […]

IMF Concludes Consultation with the United Arab Emirates

IMF Concludes Consultation with the United Arab Emirates

July 14, 2017 No Comments

On July 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the United Arab Emirates and considered and endorsed the staff appraisal without a meeting. Economic performance was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement of some […]

Page 1 of 2112345»1020...Last »