December 29, 2017

From Bloomberg Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale. Futures are up more than 12 percent in 2017, having entered a bull market in September. In 2018, investors will watch whether

From Reuters  Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports, but developing the industry will take time and require far-reaching reforms at the state energy firm. The North African country is a key gas supplier to Europe, but exports have suffered from delays to several gas

From Reuters China plans to launch a natural gas trading hub in Chongqing in early 2018, aiming to create an Asian gas benchmark as a government push to move the country away from coal sparks a surge in consumption of the cleaner-burning fuel. But developing gas trading hubs and price benchmarks is difficult and takes time, and many contenders fail

From Bloomberg In a new twist to the cryptocurrency craze, Venezuela, the South American oil giant in default on some of its dollar bonds, plans to issue its own digital unit, dubbed the petro. “It is a matter of days before we announce the first issuance of the ‘petro’ cryptocurrency,” Information Minister Jorge Rodriguez said at a press conference broadcast