Oil prices dive after producers fail to agree output cap

Region:

Middle East & Africa

The price of oil has dropped sharply after a meeting of oil producers failed to agree a cap on output. Brent crude fell 7% at one point, but then recovered slightly to stand down $1.87, or 4.3%, at $41.23 a barrel. The meeting in Qatar was attended by most members of oil producers' group...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Perspective

02 September 2024

Too high a price

Africa pays a premium for its debt that in many instances it should not. Why the onerous debt costs? And what can be done about it without major systemic change?

Perspective

06 September 2024

If I had a nickel

ECAs, DFIs and banks to Madagascar’s Ambatovy nickel mine project financing are facing a wipe out of $1.66 billion loans under a new shareholder restructuring proposal. Though...

Must See

TXF export finance H1 data pt 2: New tech drives European deal flow

Perspective

02 September 2024

TXF export finance H1 data pt 2: New tech drives European deal flow

New asset classes are emerging as ECAs get smarter in how they extend to support, from EV gigafactories to mining deals. And developing markets are slowly becoming higher on the financing agenda.

Perspective

02 September 2024

Too high a price

Africa pays a premium for its debt that in many instances it should not. Why the onerous debt costs? And what can be done about it without major systemic change?

Perspective

06 September 2024

If I had a nickel

ECAs, DFIs and banks to Madagascar’s Ambatovy nickel mine project financing are facing a wipe out of $1.66 billion loans under a new shareholder restructuring proposal. Though some of the owed debt could be recovered – if lenders stump up new cash.