Global industry

Global Oil & Gas: Oil Discoveries At Lowest Point Since The 1940s

Posted on December 22, 2017December 22, 2017 by Mozambique Resources Post

The oil industry discovered the least amount of oil in 2017 in almost eight decades, breaking the previous record low set in 2016.

On Rigzone: “More Than 440,000 Global Oil, Gas Jobs Lost During Downturn” – Graves & Co. reports

Posted on February 21, 2017February 21, 2017 by Mozambique Resources Post

The recent years of depressed oil prices and industry uncertainty have been the source of strict CAPEX (capital expenditures) cuts for oil and gas companies worldwide. Layoffs came in droves, much to the detriment of the industry’s workforce.

Global Markets: Iron ore soars past $92 a tonne, highest price in 2.5 years

Posted on February 14, 2017February 14, 2017 by Mozambique Resources Post

Iron ore continued to defy forecasts for a sharp price collapse Monday as the steelmaking ingredient added more than five dollars per tonne hitting the highest price since August 2014.