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Investing in Oil

Refining margins in Japan under pressure from imports, falling demand

Refining margins in Japan under pressure from imports, falling demand

Takashi Hirose, executive vice president, JXTG Nippon Oil & Energy Corp. said refiners in Japan would like stable oil prices to deal with import competition and weaker demand. Source link

Africa’s Richest Man: Oil Is Not The Way Forward

Africa’s Richest Man: Oil Is Not The Way Forward

The richest man in Africa says crude oil prices would do Nigeria a favor if they stay lower for longer.Last week at the UN General Assembly, Nigerian billionaire Aliko Dangote, whose main business is in cement but also holds interests in agricultural commodities and petrochemicals, said that agriculture—not crude oil—is…

First growth in oil and gas dealmaking since 2014

First growth in oil and gas dealmaking since 2014

Dealmaking in the oil and gas industry is on course to record its first annual growth since crude prices crashed in 2014 as companies begin to clean up their balance sheets after the financial pain of the past three years.Mergers and acquisitions have risen by 40 per cent to $270bn…

Roy Moore wins Republican Senate primary in Alabama  

Roy Moore wins Republican Senate primary in Alabama  

Roy Moore, the firebrand evangelical judge, won the Alabama Republican Senate primary on Tuesday night, in a victory over a rival who had received the support of Donald Trump.Mr Moore’s victory sets up a battle on December 12 with Doug Jones, the Democratic candidate, for the Senate seat vacated by…

Oil markets note supply concerns

Oil markets note supply concerns

Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude oil at its 185,000 barrel-per-day Trainer, Pennsylvania, refinery amid shipping delays due to rough seas caused by Hurricanes Jose and Maria, according to a source familiar with the company's operations and Reuters shipping data.U.S. crude supplies have been…

Sri Lanka develops strategic plan for oil and gas

Sri Lanka develops strategic plan for oil and gas

Sri Lanka plans to move forward with a strategic oil and gas exploration and development plan. The Petroleum Resources Development Secretariat listed several elements of the plan, including continuation of a joint study with France’s Total SA of Blocks JS5 and JS6 off the east coast (OGJ Online, May 23,…

Oil resumes climbs as Westpac sees more legs for rally

Oil resumes climbs as Westpac sees more legs for rally

Market fundamentals support the latest rally in the oil price, but researchers at Westpac are cautious about near-term factors being overplayed. Brent oil was up 0.3 per cent on early Wednesday trading in Asia to $58.62 a barrel. It settled at $58.44 a barrel on Tuesday, down 1 per cent…

Kurdish Vote Won’t Spark A Sustained Oil Price Rally

Kurdish Vote Won’t Spark A Sustained Oil Price Rally

Turkey and Iraq have stepped up the pressure on Kurdistan after the semi-autonomous region of Iraq voted for independence. Turkey’s President Recep Tayyip Erdogan threatened to block Kurdish oil exports through Turkish territory, while Baghdad called for an international boycott of Kurdish oil sales.The Kurdish people appeared to have voted…

What will happen with Russia and Saudi Arabia when oil output curbs end?

What will happen with Russia and Saudi Arabia when oil output curbs end?

Ed Morse, global head commodities research, Citi, says that Saudi Arabia and Russia need to orchestrate production increases even after the output curbs end. Source link

Islamists face uphill struggle in Indonesian Borneo

Islamists face uphill struggle in Indonesian Borneo

September 27, 2017 by Krithika Varagur in Pontianak, Indonesia For an Indonesian politician under pressure from the country’s increasingly prominent Islamist militants, Cornelis, the Christian governor of West Kalimantan in Borneo, seemed remarkably relaxed. “Groups like FPI [the Islamic Defenders Front] come from outside to try and influence us. But…

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