NIGERIAN OIL CRISIS
FT wrote, this year's militant attacks in the Niger Delta, combined with the downturn in crude prices, have compounded a funding crisis that has hit Nigeria's domestic oil companies especially hard.
Most local producers — from Oando to Seplat — operate onshore fields that require infrastructure in the southern oil-producing region for exports. Sabotage by militant groups such as the Niger Delta Avengers has damaged pipelines and other infrastructure, which has restricted oil flows. The resulting drop in foreign sales has only further hit domestic companies'…
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South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.
the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,
BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.