African Development Bank has raised an exceptional $3 billion, three-year bond to help alleviate the economic and social impact of the COVID-19 pandemic April 14, 2020/AfDB By Stefan Nalletamby As the COVID-19 pandemic continues to have a devastating impact globally, the African continent, while less affected, is preparing to undergo its own severe […]
OPINION/EDITORIAL
OPEC Powerless As Oil Prices Near $20
April 14, 2020/OilPrice.com Chart of the Week – The EIA’s latest Drilling Productivity Report estimates declines in production across all major shale basins next month. – The Permian basin is on track to lose 76,000 bpd in May, month-on-month, ending a decade of nearly uninterrupted growth. – Natural gas […]
Oil prices, the new normal
April 14, 2020/Coronation Report The Nigerian Stock Exchange All-Share Index (NSE-ASI) staged a rally last week (see Model Equity Portfolio), reflecting optimism. Part of that optimism came from market speculation, later confirmed, of a deal between the US, OPEC and Russia to reduce oil production. But oil prices have barely […]
