Managing Director, International Monetary Fund, IMF, Ms. Christine Lagarde, has warned that the prevailing uncertainty in the oil and gas industry could plunge the Nigerian financial system into crisis. In Continue Reading
Petrobras’s finances have come under intense strain since a multibillion-dollar bribery scandal emerged at the company in 2014. With about $104bn in net debt — the highest for any Continue Reading
The Chinese yuan’s 6 percent decline over the past five months is hardly anyone’s idea of a crisis. On average it comes out to a drop of less than 0.04 Continue Reading
With oil prices sinking to levels not seen in more than a decade, Mexican national oil company Petróleos Mexicanos said Tuesday that its production costs are among the lowest in Continue Reading
China is forecast to overtake the U.S. as the world’s biggest crude importer in 2016 and that’s largely thanks to a group of buyers who weren’t allowed to purchase foreign Continue Reading
The weakest commodity market in 25 years is proving to be a boon for China as it grapples with the slowest economic growth since 1990. The world’s biggest user of Continue Reading
China imported a record amount of crude last year as oil’s lowest annual average price in more than a decade spurred stockpiling and boosted demand from independent refiners. The world’s Continue Reading
Demand for shipments of liquefied natural gas from Asian economies that are the world’s biggest gas importers dropped in 2015, according to a report published Wednesday, including a first-ever decline Continue Reading
This edition of the Short-Term Energy Outlook is the first to include forecasts for 2017. North Sea Brent crude oil prices averaged $38/barrel (b) in December, a $6/b decrease from Continue Reading
The global oil glut will swell until late 2017, the U.S. government forecast on Tuesday in an outlook that offered little hope of near-term relief for energy producers reeling from Continue Reading
