Oil will hit $80 a barrel on Iran sanctions, says BofA’s blanch
By Bloomberg
07 May 2019 |
8:01 am
Francisco Blanch, BofA Merrill Lynch head of global commodities research, talks about how oil prices will be impacted by U.S. sanctions on Iran.
Related
24 Dec
The busy Kiel Canal in northern Germany, linking the North Sea with the Baltic Sea, has come to a halt as crews try to clear the oil from waters after a pipeline leak.
26 Dec
Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their farms from pipeline leaks between 2004 and 2007.
19 Jan
Afghanistan, Ukraine and much further afield: The fight for women's rights is ongoing and business has a role to play. Natalia Kanem, executive director of the UN's Population Fund, speaks to DW at the WEF.
5 Feb
Almost all European chambers of commerce remain active in Myanmar nearly two years on from a military coup that ousted a democratically-elected government and sparked a civil war.
26 Jan
Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
4 Feb
More than 13,000 Nigerian residents take Shell to court over oil spills. The claim from 11,317 people and 17 institutions in the Niger Delta area of Ogale was filed last week, according to Leigh Day, the U.K. law firm representing the plaintiffs.
12 Feb
The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices.
14 Feb
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
25 Feb
This week saw the release of a wide-ranging investigation into the lucrative disinformation industry, published by a media consortium led by the French NGO Forbidden Stories. At the centre of the story is a shadowy Israeli group nicknamed "Team Jorge" who claims it has influenced 33 elections worldwide with a potent combination of phone hacking and thousands of fake profiles.
5 Mar
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
2 Mar
The disappearance of Chinese banker Bao Fan has renewed concerns about Beijing's crackdown on entrepreneurs. Experts say the trend will cause investors to lose confidence in China.
1 Mar
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
Latest
1 day ago
Angelina Jolie is collaborating with French luxury house Chloé to unveil hew new capsule collection for sustainable fashion label Atelier Jolie.
1 day ago
The spiritual leader of the world’s 1.3 billion Catholics has suffered several health issues in the last year, but the pontiff is recovering well from his operation, the Vatican has said.
1 day ago
France, Portugal and Spain, as well as the US, are joining the fight to put out hundreds of active wildfires in Canada. Heavy smoke from wildfires has traveled thousands of miles and shrouded many US cityscapes.
1 day ago
Northeastern states in the US are experiencing historically high levels of air pollution due to wildfires in Canada. Experts say these types of situations will only increase in the future as the climate warms.
1 day ago
English midfielder Jude Bellingham is set to leave Borussia Dortmund for Real Madrid, the Bundesliga club have confirmed. The teenager has scored 24 goals in 132 appearances for BVB.
1 day ago
The former US vice president is launching a bid for the White House. This is no normal set of circumstances for Mike Pence, who was loyal to former US President Donald Trump for years, only parting ways with him after the Jan. 6 attack on the US Capitol. Pence is polling in the single digits and along with former New Jersey Governor Chris Christie is entering a growing field of Republican candidates challenging Donald Trump, who is the current frontrunner by far.