Opec and its allies expect to deplete the global surplus in oil stockpiles sharply as demand holds up and the coalition cuts production by far more than initially planned. Saudi Arabia, Russia…
Qatar Petroleum signs deals with Total to enter exploration blocks in Namibia
Qatar Petroleum has entered into agreements with Total for a share of exploration and production rights in two blocks offshore the Republic of Namibia. Under the agreements, which are subject to customary…
Greece fully lifts capital controls imposed during bailout chaos – PM
PM@ (Updates with statement on lifting) ATHENS, Aug 26 (Reuters) – Greece is set to fully lift remaining capital controls, Prime Minister Kyriakos Mitsotakis said in parliament on Monday. “From today, capital…
Kuwait fans out to Australia and Canada in global gas push
Bloomberg/Kuwait Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the Opec member ramps up efforts to find and develop…
Total starts biofuel plant in France to take on Eni and Neste
Total SA started production at a new biofuel plant in southern France, taking on rivals such as Neste Oyj and Eni SpA for a share of Europe’s biodiesel market. The refinery, in…
Kenya’s first crude oil export sparks demands over revenue sharing
MOMBASA, Kenya (Reuters) – Kenya exported its first crude oil on Monday, amid pointed speeches by local leaders asking the government to stick to its commitment to share revenues from future shipments…
The British Banking Dynasty That’s Even Older Than the Rothschilds
C. Hoare & Co. has been in business for more than three hundred years, and the family that founded it is still running the show. By Tom Metcalf In the U.K. there’s…
Norway’s $1tn wealth fund renews private equity bid
Norway’s wealth fund proposed changes to its mandate to allow it to buy stakes in unlisted companies after missing out on investments in such companies as Spotify Technology SA. The advice comes…
Dutch closing Europe’s biggest gas field raises concerns for hub
Vanessa Dezem| Bloomberg A decision to close Europe’s biggest natural gas field is starting to raise concerns about the impact on the region’s biggest trading hub for the fuel. The Dutch Title Transfer…
UBS sees some relief for oil before demand woes return in 2020
NEW YORK (Capital Markets in AfricaA) – Oil prices will rise over the next few months as global inventories shrink, before declining in 2020 as trade-war induced demand woes return to haunt…