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Tag Archives: oil

COMMENT: The abnormality of oil

Why inflation and monetary-policy adjustments by central banks might not impact its price COMMENT | JIM O’NEIL | Writing about oil prices is always risky. In a January 2015, I suggested that oil prices would not continue to fall, and even predicted that they would “finish the year higher than they …

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ANALYSIS: How president Lourenço is stamping his authority on Angola

Felix Janvrin | AFRICAN ARGUMENTS |  On 15 November, as most of southern Africa’s attentions turned to the military takeover ensuing in Zimbabwe, Angola’s President JoĂŁo Lourenço took a set of dramatic steps. Acting with lightning speed, he fired the entire board of Angola’s state oil company Sonangol, including its chair Isabel dos Santos. Later that day, …

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Daughter of Angola’s ex-president sacked as state oil chief

Luanda, Angola | AFP |  Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement. Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism …

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World Bank expects higher oil prices in 2018

Kampala, Uganda | THE INDEPENDENT | Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing United States shale oil production, according to the World Bank’s Senior Economist John Baffes. …

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