Africa Oil & Gas: South Africa aims to finalise long-term energy plan next month: Minister

Africa Oil & Gas: South Africa aims to finalise long-term energy plan next month: Minister

South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday.

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Industry Analysis: Can Mozambique Avoid The ‘Resource Curse’ – Richard Talley

Industry Analysis: Can Mozambique Avoid The ‘Resource Curse’ – Richard Talley

On Monday morning, Mozambican soldiers opened fire to disperse protesters calling for natural gas projects to be suspended until more pressing issues, particularly fundamentalist insurgents, are dealt with. Nonetheless, Mozambique seems determined to push ahead with LNG development, hopeful that the huge gas deposit discovered off its northern coast in 2010 could lift the country out of the ranks of the world’s poorest.

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Global Industry: Oil May Never Return To The Triple-Digits

Global Industry: Oil May Never Return To The Triple-Digits

Despite the wild ride of oil prices in 2018—in which gains earlier in the year were wiped out in massive sell-offs in the fourth quarter—energy and banking professionals expect Brent Crude oil prices not to deviate too much from current levels in the next five years.

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Global Markets: Oil’s Traffic Light Turns Yellow

Global Markets: Oil’s Traffic Light Turns Yellow

Oil traders saw a mixed bag this week with Brent prices treading water near the $60 mark on a mix of bearish and bullish signals. Prices have retained their 20% bounce off their low point three weeks ago but have only retraced 29% of their massive selloff in the fourth quarter.

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Global Markets: Oil Stabilizes As OPEC Implements Cuts

Global Markets: Oil Stabilizes As OPEC Implements Cuts

The oil rally of the past two weeks continues, even though in a more tempered manner, on the back of U.S. commercial crude supplies shrinking, Russia starting to implement its OPEC/OPEC+ commitments and China promising to do whatever it takes to avert an economic slowdown.

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Africa Oil & Gas: Algeria cut oil output by 25,000 bpd as part of OPEC+ deal

Africa Oil & Gas: Algeria cut oil output by 25,000 bpd as part of OPEC+ deal

Algeria has cut its oil production by around 24,000-25,000 barrels per day since Jan. 1 as part of the OPEC and non-OPEC agreement to reduce output, state-controlled news agency APS quoted an oil official as saying.

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