Mozambique Energy: Consumers contest new price of electricity

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Power prices up again in Mozambique

“Power is the blood of development, and blood has a price… That’s the only way we can afford to invest,” said the CEO of Electricidade de Moçambique (EdM). The energy tariff was aggravated and EdM says that increase is aimed at meeting the company’s production needs. Continue reading

Global Oil & Gas: Can there be a 100% compliance at OPEC, again?

 

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What does compliance entail?

A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to their output quotas so far. Continue reading

Global Industry: Factors Affecting Oil Prices

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Brexit impact on oil

Oil prices are factored into the economic growth of most nations because it is used as a basic energy source in the production of a majority of goods and services. The international price of oil and the global oil market are both complicated. Based source FXDailyReport.com The oil price is dependent on a multitude of factors and some of them that affect international oil prices are detailed briefly in the paragraphs below. Continue reading

Global Markets: Coking coal price surges 15%

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A coal truck at Vale Moatize Coal Mine in Tete, Mozambique

The market for coking coal exploded on Monday with the steelmaking raw material surging more than 15% to $175.70 (Australia free-on-board premium hard coking coal tracked by the Steel Index), an 11-week high. Continue reading

Opinion & Analyse: Oil Rises 2% Off Strong EIA Data

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Oil price improvement

Oil rose Wednesday morning after the U.S. Energy Information Agency (EIA) reported significant drawdowns in product inventories for the week ending March 24. Gasoline inventories fell by 3.7 million barrels, and distillate inventories (including diesel and heating oil) dropped by 2.5 million barrels. Continue reading

Africa Oil & Gas: Low oil prices keeps driving Angola budget deficits

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Falling Oil prices keep hurting Angola

Low oil prices on international markets will lead Angola’s state budget to continue to show significant deficits between 2017 and 2021, although 5.7% of GDP projected for this year is expected to fall to 4.3% in 2021, according to the Economist Intelligence Unit (EIU). Continue reading

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

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