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Energy

Sovcombank Sees Opportunities in Russia’s National Projects, Retail, and Green Finance

A number of large Russian banks were briefly teetering on the edge three years ago, as the industry was hit by a wave of bankruptcies and bad headlines. What followed was a five-year cleanse of the sector by the Central Bank and affiliated government agencies, and those lenders that came out unscathed at the end of it are now reaping the benefits of a less crowded and more stable industry. One of…

14 Feb 2020

Termocandelaria CEO, CFO on Colombia’s Rising Energy Capacity, Funding Plans, and Importance of ESG for Renewables Companies

In January 2019 Termocandelaria, the largest non-hydro power generation company in Colombia tapped the international capital markets for the first time with a USD410mn offering of 7.875% senior notes due 2029, marking the first corporate high-yield bond out of Latin America that year. A year on to the day, Termocandelaria re-tapped its existing bond for a further USD186mn at an impressive 110% of…

6 Feb 2020

Oil Price Volatility Provides Crucial Test for OPEC+

Oil prices continued to tumble during the first week of February as the coronavirus outbreak intensified, taking Brent Crude futures down nearly 12% year to date and sending OPEC+ scrambling to contain to counter the impact.

3 Feb 2020

Growing Non-OPEC Supply Offsets Rising Demand – National Bank of Kuwait

As trade tensions between the US and China begin to cool – at least for now – oil demand is due to grow at a modest rate of 1.2 million barrels per day, up from a multi-year low of 1 million barrels per day in 2019.

31 Jan 2020

Lekoil Loan Scam Could Harm Attempts to Fill Gaps Left by Oil Majors

A stunning scam that saw Nigerian oil company Lekoil discover a loan it had purportedly secured from the Qatar Investment Authority was fake could harm Nigeria’s efforts to plug a growing gap left by international oil and gas companies.

24 Jan 2020

Iran, Iraq, Libya, Key Geopolitical Risks to Oil Price - PIMCO

The past year has seen a number of geopolitical tensions flare up that could potentially impede oil production in a number of key producing countries, according to a recent note from PIMCO.

21 Jan 2020

Kenyan Economic Growth Slowed in 2019 – Cytonn

Last year saw Kenyan economic growth slow, largely due to underperformance in the agricultural, transport and electricity sectors, according to the Cytonn Annual Markets Review.

13 Jan 2020

Saudi Arabia Launches Third Round of National Renewables Programme, Targets 1.2GW Generation

Saudi Arabia’s Ministry of Energy kicked off the third round of Kingdom’s National Renewable Energy Program (NREP) and is seeking bidders on new projects with a total generation capacity of 1.2GW.

10 Jan 2020

GCC Sovereigns Could Face Challenging 2020 As They Shift Further into Uncharted Geopolitical Territory

Following a year marked by numerous tanker incidents in the Straits of Hormuz and a brazen attack on Saudi Aramco’s oil infrastructure, a recent escalation in geopolitical tensions between the US, Iran and Iraq could start to reverse the strong technicals-driven performance increase seen amongst GCC sovereign credit in 2019, according to analysts at Standard Chartered.

8 Jan 2020

Oil Touches USD70 Per Barrel as Geopolitical Tensions Flare but Beyond Spot Prices, Market Reaction Remains Subdued

Brent crude prices reached within touching distance of USD70 per barrel following the US assassination of a high-ranking Iranian general in Bagdad last week, but looking beyond spot prices, the reaction of oil markets has been relatively subdued, according to Emirates NBD’s Edward Bell.

6 Jan 2020

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