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UK Private Equity Firm Looks To Buy Stake In Angola's Oil Major Sonangol
UK-based private equity firm is interested in buying a stake in Angola’s state-owned oil company Sonangol, Bloomberg has reported, citing a source from the firm, Gemcorp.
read more... 22/03/2021
Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
EU halts sanctions for more Turkish oil firm officials
On the eve of talks with Turkey’s president and a key EU summit, the bloc is holding back on sanctions on more Turkish oil company officials, according to media reports.
read more... 19/03/2021
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Italian hydro stocks fall below long-term average
Italian hydropower stocks continued to fall last week, reaching a 2021 low and moving to a deficit to the five-year average, amid dry conditions in Italy's hydro-intensive regions.
read more... 19/03/2021
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US warns entities to abandon Nord Stream 2 gas pipeline
The US warned all entities on Thursday to immediately abandon work on the Nord Stream 2 natural gas pipeline.
read more... 19/03/2021