July 22, 2015 Source: Evaluate EnergyNote: Deal values are adjusted for inflation. The second quarter of 2015 exhibited the largest amount of oil companies’ merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $ 84 billion of the $ […]
Tag Archives: down
April 8, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. drivers are projected to pay an average of $ 2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA’s released yesterday. This year’s projected average summer price is down from a $ 3.59/gal average during summer 2014. The lower […]
Source: Vanguard NGR
By Lola Okulo Kenya’s economy could expand by six per cent this year, the World Bank has forecast, but sluggish transmission of lower oil prices locally could reduce anticipated growth to 5.6 per cent. In its Kenya Economic Update released yesterday, the lender revised the country’s growth outlook from an earlier projection of 4.7 per […]
AFTER the long-awaited reduction of petroleum prices by the Energy Regulation Board (ERB) last month, market players have begun to react by reducing the cost of essential goods and services. This week, I will focus on the latest reduction in the wholesale price of mealie-meal, a topic which has always been an issue of national […]
January 6, 2015 Source: U.S. Energy Information Administration, based on Bloomberg Crude oil in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $ 112 per barrel (bbl) and $ 105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $ 62/bbl and $ […]
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One problem with defining a peak in global oil production is that it is only really evident some time after the event, when one can look in the rearview mirror and see the transition from a growing oil supply to one that is now declining. Before that relatively absolute point, there will likely come a […]
