March 17, 2020/OilPrice.com – The EIA projects that Brent will average $43 per barrel in 2020, down from $64 per barrel in 2019. That figure, from today’s standpoint, looks wildly optimistic. – That translates to inventory builds of 1 mb/d on average this year. Again, that number belies the […]
World News
African states should immediately assist petroleum exploration and local service companies
At present, Africa stands to lose over $110bn in taxes, petroleum exports, jobs, and contracts to local companies over the next three months March 17, 2020/AEC While the African Energy Chamber (www.EnergyChamber.org) has a fundamental belief that we have to let the market work for itself, it encourages African countries […]
Federal Reserve Cut Rates to Support the Flow of Credit to Households and Businesses
Culled—Proshare March 16, 2020 By Federal Reserve The Federal Reserve is carefully monitoring credit markets and is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals. In addition to actions taken […]
