Venezuelan Oil Exports Crater as OPEC+ Set to Unleash More Crude
Venezuelan oil exports plummeted this month as U.S. sanctions have left some of the South American country’s cargoes stranded in Asia and competition with fellow OPEC+ members is set to heat up. A linchpin of the Venezuelan economy, the sales slumped by about half from November to 231,613 barrels a day, according to shipping reports […]
Oman Plans 2021 Borrowing as Oil Price, Virus Batter Economy
Oman’s government will finance most of its budget shortfall in 2021 by borrowing to plug a fiscal gap battered by a decline in oil prices and the coronavirus pandemic. The Persian Gulf state is looking into borrowing that will cover 73%, or 1.6 billion rials ($4.2 billion), of the country’s 2.2 billion-rial shortfall, with the […]
Third of low-carbon funds invest in oil and gas stocks
Analysis highlights potential mismatch between investor expectations of green funds and reality A third of climate funds sold in the UK are invested in oil and gas companies, according to research that highlights concerns that investors could be misled by sustainable investment products. The analysis by leftwing think-tank Common Wealth also found that low-carbon funds […]
