Culled—Proshare April 9, 2020 By Zedcrest Capital FGN Bonds Yields continued to plummet in today’s session, with consistent demand seen from local investors across the bond curve. Demand was most skewed to the belly of the curve, with the 2027s maturity the most traded as demand swallowed the improved offers […]
OPINION/EDITORIAL
Fall Out of OPECplus Coalition Pushed Oil Prices Lower to $31.92 per barrel in March 2020
Culled—Proshare April 9, 2020 By NOVA Merchant Bank Key Highlights Fall out of OPEC+ coalition pushed oil prices lower to $31.92/barrel in March, with Q1 20 averaging $50.47/barrel. In March standalone, consumption was at an historic low of 89.4mbpd compared to February level of 95.7mbpd. As a result, the […]
Oil Price: A Dead Cat Bounce in the Making?
Culled—Proshare April 8, 2020 By CSL Research Amidst weakening global demand for crude and uncertainty over the commitment among OPEC+ producers to extend production cuts, the International Energy Agency (IEA) in its latest forecast expects Brent oil price to average US$33 this year. While this may come as good news […]
