đź”’ Long-dated oil prices are too low for comfort
Long-dated oil future prices appear to be too low right now with more at stake than oil investments and wagers – fresh global inflation.
Long-dated oil future prices appear to be too low right now with more at stake than oil investments and wagers – fresh global inflation.
The head of Italian energy company Eni Spa urged OPEC on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now.
After almost a decade of deal speculation, Tullow Oil Plc may finally be ripe for a takeover. The plunge in oil prices has erased more than half of Tullow’s market value since June.
Insiders from Angola’s burgeoning oil industry have reacted sceptically to predictions that the rapidly growing nation may be about to overtake Nigeria as Africa’s largest oil producer
The CEO of French oil giant Total, Christophe de Margerie, died in a plane crash at a Moscow airport late Monday when the private jet he was using struck a snowplough on takeoff.
It will be difficult for the international oil industry, and the world at large, to swallow the official line that Nigerian president Jonathan Goodluck’s replacement of the four top executives at the Nigeria National Petroleum Corporation (reported here by Reuters) is a “routine” matter. The fact is that there has been consistent pressure on government … Read more
LAGOS (Reuters) – Nigeria’s Oando Plc has converted a $218.9 million loan to its Toronto-listed unit Oando Energy Resources to equity, to increase its stake in the subsidiary by 1.6 percent to 93.6 percent, it said on Thursday. Oando said the debt is part of a $1.2 billion facility it approved for its subsidiary in February to help finance … Read more
By Chijioke Ohuocha LAGOS (Reuters) – Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year. But any spread of attacks further south or to the commercial hub of Lagos could start to put … Read more
There’s been a lot of action in the South African oil and gas sector over the last couple of years – excitement around fracking in the Karoo, and now the news that Exxon plans to search for deep-water oil and gas deposits off the east coast. What’s fascinating about all this, I think, is the … Read more