Petroleum politics

OPEC Fund Assigned Inaugural Credit Rating of AA+ From Fitch Ratings

Retrieved on: 
Thursday, July 29, 2021

VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.

Key Points: 
  • VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
  • Fitch cited the OPEC Fund's excellent capitalization, liquidity levels and asset quality as key rating strengths.
  • OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the Fitch ratings announcement, which pays testament to the OPEC Fund's 45 year track record of delivering successful development outcomes in line with the organization's unique South-South mandate.
  • The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.

OPEC Fund Assigned Inaugural Credit Rating of AA+ From Fitch Ratings

Retrieved on: 
Thursday, July 29, 2021

VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.

Key Points: 
  • VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
  • Fitch cited the OPEC Fund's excellent capitalization, liquidity levels and asset quality as key rating strengths.
  • OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the Fitch ratings announcement, which pays testament to the OPEC Fund's 45 year track record of delivering successful development outcomes in line with the organization's unique South-South mandate.
  • The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.

Texas Petro Index Midyear Update: Oil and Gas Recovery Slow but Steady

Retrieved on: 
Tuesday, July 27, 2021

Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:

Key Points: 
  • Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:
    Posted West Texas Intermediate (WTI) crude oil prices averaged $67.39 in June up from a low of $14.68 in April last year and the highest since November 2014.
  • Texas oil and gas producers understand the message behind higher prices for crude oil and natural gas, and that is to provide additional product to the marketplace if possible.
  • The Texas Petro Index (TPI) is a monthly measure of growth rates and cycles in the Texas upstream oil and gas economy.
  • Founded in 1930, the Texas Alliance of Energy Producers is the most knowledgeable and effective statewide oil and gas association in the nation.

Passenger Car Motor Oil Market 2021 - Global Revenue, Trends, Growth Opportunities, Competition, and Future Outlook to 2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 19, 2021

Passenger Car Motor Oil Market Trends, Growth Opportunities, and Forecast Scenarios to 2030

Key Points: 
  • Passenger Car Motor Oil Market Trends, Growth Opportunities, and Forecast Scenarios to 2030
    Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the Passenger Car Motor Oil supply chain posing challenges for manufacturers in the Passenger Car Motor Oil industry.
  • The Passenger Car Motor Oil research report portrays the latest trends shaping the Passenger Car Motor Oil industry along with key demand drivers and potential challenges anticipated for the market during the outlook period.
  • Passenger Car Motor Oil Market Analysis by Types, Applications and Regions
    The research estimates global Passenger Car Motor Oil market revenues in 2021, considering the Passenger Car Motor Oil market prices, supply, demand, and trade analysis across regions.
  • A detailed market share and penetration of different types, processes, and geographies in the Passenger Car Motor Oil market from 2001 to 2030 is included.

The Next Oil Boom Is Coming--and It Could Be the Last

Retrieved on: 
Monday, June 14, 2021

The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.

Key Points: 
  • The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.
  • With the oil market system becoming increasingly flexible, and both supply and demand more elastic than in the past, this oil boom could be the world's last.
  • Investment in oil and gas companies' upstream businesses fell by 34% in 2020 following the pandemic-induced decline in demand.
  • Consumers are also increasingly able to adjust their oil consumption in the face of higher oil prices, choosing among options that include electric vehicles and hybrid work models.

Global Palm Oil Market & Volume Forecast Report 2020-2026 Featuring Sime Darby, IOI Corp, Wilmar International, Kuala Lumpur Kepong, Golden-Agri Resources - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 9, 2021

The "Palm Oil Market & Volume Global Forecast by Top Consuming, Producing, Importing, Exporting Country, Company Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Palm Oil Market & Volume Global Forecast by Top Consuming, Producing, Importing, Exporting Country, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
  • In 2018, India was among the leading importer of palm oil globally and the biggest importer of palm oil from Malaysia.
  • Looking forward, most of the legacy drivers of the Palm oil market are surging population worldwide, changing lifestyle, and rapid urbanization in the developing nations will continue to hold the global palm oil market.
  • One palm oil mile can generate up to 2.5 metric tons of effluent for every metric ton of palm oil.

Insights on the Automotive Engine Oil Level Sensor Global Market to 2025 - Increasing Penetration of Automotive Electronics is Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 3, 2021

The "Global Automotive Engine Oil Level Sensor Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Automotive Engine Oil Level Sensor Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
  • The report on automotive engine oil level sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The automotive engine oil level sensor market analysis includes the end-user segment and geographic landscape.
  • This study identifies the growing number of vehicles-in-use as one of the prime reasons driving the automotive engine oil level sensor market growth during the next few years.

Outlook on the Magnesite Global Market to 2025 - Updated with the Impact of COVID-19 - ResearchAndMarkets.com

Retrieved on: 
Monday, May 31, 2021

Update: COVID-19 Impact" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • Update: COVID-19 Impact" report has been added to ResearchAndMarkets.com's offering.
  • This report provides an in-depth analysis of the global magnesite market.
  • Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports).
  • Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries.

The OPEC Fund boosts renewable energy and access to finance in Nepal

Retrieved on: 
Monday, May 10, 2021

b'VIENNA, May 10, 2021 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has signed a US$15 million loan in favor of NMB Bank Limited in Nepal for the purpose of financing micro-, small- and medium-sized enterprises (MSMEs) and renewable energy projects.

Key Points: 
  • b'VIENNA, May 10, 2021 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has signed a US$15 million loan in favor of NMB Bank Limited in Nepal for the purpose of financing micro-, small- and medium-sized enterprises (MSMEs) and renewable energy projects.
  • NMB is also already one of the leading finance providers for local renewable energy providers in Nepal.
  • "\nSunil KC, Chief Executive Officer of NMB Bank, said: "The financing from the OPEC Fund will allow us to support the real economy in Nepal by strengthening employment and renewable energy generation, for which Nepal has tremendous potential.
  • To date, the OPEC Fund has committed more than US$224 million to the country via public sector financing.\nThe OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.

Leucrotta Exploration Announces 2020 Year-End Reserves

Retrieved on: 
Wednesday, April 28, 2021

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Key Points: 
  • Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.
  • Reserves are classified according to the degree of certainty associated with the estimates as follows:\nProved Reserves are those reserves that can be estimated with a high degree of certainty to be recoverable.
  • It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.\nProbable Reserves are those additional reserves that are less certain to be recovered than proved reserves.
  • The Company uses this measure to determine how long the booked reserves will last at current production rates if no further reserves were added.\n'