We have seen a jump in the headline oil prices and related oil equity prices Brent spot price went above US$48/bbl / WTI spot price touched $46/bbl, especially in Nov-20 on the back of several positive announcements relating to Covid-19 vaccines. With potentially the first batch of vaccines becoming available before the end of CY20,
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Energy markets are grappling with tensions between Russia and Saudi Arabia, with a price war emerging post recent OPEC+Russia meeting. ASX energy sector sold off yesterday as a result. Energy valuation summary (prices as of end of day yesterday OPEC+Russia delivers a nasty surprise. Most investors were holding out on the hope that the recent OPEC+Russia
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Political risk is often a key consideration for investing in Africa and the Middle East but shareholders of Petsec Energy (ASX: PSA) will be concerned from news that the company has had US $1.68m siphoned out of their bank account and learning that the Houthi rebel group in Yemen are likely to have been involved.
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Directors of the previously defunct oil and gas explorer Empire Oil & Gas (ASX: EGO) have announced the proposed acquisition of Venator and their Queensland oil assets with the intent of relisting on the ASX. This comes after Empire Oil & Gas went into administration in 2017 before administrators completed their obligations with Empire in
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