PORT OF SPAIN (Reuters) – The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group’s secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and Tobago. The GECF represents natural gas …
Gas exporting group sees tight global LNG markets until 2026 Read More »
LONDON (Reuters) – A team from the International Monetary Fund is expected to visit Gabon in late January or early February for Article IV discussions, a source told Reuters on Monday. The IMF had provided support to Gabon in July 2021 to help it weather the fallout from the COVID-19 pandemic, but the status of …
IMF expected to visit Gabon in late Jan, early Feb for Article IV – source Read More »
TUNIS (Reuters) – Tunisia has succeeded in repaying all its 2023 domestic and external debts despite huge pressure on public finance, Finance Minister Sihem Boughdiri said on Monday, dispelling doubts about the possibility of a default. Tunisia will pay $4 billion of foreign debts in 2024, an increase of 40% compared with 2023, an official …
Tunisia says it paid all its 2023 internal and foreign debts Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank’s first rate decision of the year are on the agenda. At 1516 GMT, the rand traded at 19.1575 against the dollar, 0.64% weaker than its previous close. The dollar was …
South African rand on back foot ahead of rate decision, data Read More »
BRUSSELS (Reuters) -The European Council on Monday adopted sanctions against six entities involved in the war in Sudan, where the regular army (SAF) and the paramilitary Rapid Support Forces (RSF) have been fighting since last April. The Council said in a statement the six entities were responsible for “supporting activities undermining the stability and political …
EU adopts sanctions against six entities involved in Sudan war Read More »
RABAT (Reuters) – Moroccan mining company Managem plans to increase its capital by 3 billion dirhams ($300 million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad Touimi said. The decision was approved by shareholders as the company invests in gold, copper and cobalt projects to …
Moroccan miner Managem plans $300 million capital increase in 2024 -CEO Read More »
By Alex Lawler, Robert Harvey and Natalie Grover LONDON (Reuters) -The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors …
Europe, Africa crude market tightens on Red Sea disruptions, China demand Read More »
YENAGOA, Nigeria (Reuters) – A pipeline owned by Shell’s subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak, the country’s spills agency and an environmental group said on Saturday. The Obolo-Ogale pipeline in southern Rivers State feeds the 180,000 barrel-per-day Trans Niger line, one of two conduits to export Bonny …
Nigeria’s oil spills agency investigating Shell pipeline leak report Read More »
By David Lawder WASHINGTON (Reuters) – An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses. The spokesperson said in an emailed statement to Reuters that the team, …
IMF team in Cairo to discuss $3 billion loan program -spokesperson Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle …
Oil drops slightly on China demand concerns but records weekly gain Read More »
