Rafael Kapose

24 Flips | 2 Magazines | 1 Like | 4 Following | 7 Followers | @RafaelKapose | Keep up with Rafael Kapose on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Rafael Kapose”

The oil crash is devastating Colombia's richest city

Now, crashing crude prices have the 45,000 residents of Puerto Gaitan bracing for a big fall, or already packing their bags. Many are questioning how the windfall was spent.<p>"Things are going badly, but we haven't touched bottom yet," said Edgar Candelo, who lost his job driving a tanker at the …

Oil & Gas Industry

Redirecting...

Causes of the 2014 oil price decline | VOX, CEPR Policy Portal

What played a role in the oil price decline in 2014<p>After a period of relative stability, the Brent price of crude oil – commonly considered a proxy …

Why the oil price is falling

THE oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. This comes after nearly five years of …

Angola's central bank leaves key interest rate unchanged at 9.0 pct

JOHANNESBURG, Feb 27 (Reuters) - Angola’s central bank left its benchmark lending rate unchanged at 9.0 percent on Friday, saying this was the appropriate measure to maintain price stability, and taking into account the economic outlook.<p>The Bank of Angola has kept the rate unchanged in Africa’s …

Central Banks

Diversifying from oil: Angolan sovereign wealth fund eyes hotel investments

<b>The Angolan sovereign wealth fund, Fundo Soberano de Angola (FSDEA), was officially launched in October 2012 with US$5bn in initial capital, and</b> …

Why the oil price drop matters

After three years of unusual stability around $100 a barrel, oil prices fell steeply in the second half of 2014, dropping from $115 a barrel in June …

Falling Oil Prices Will Not Affect UAE Banks’ Growth- ENBD CEO

Wednesday 18 February 2015<p>Healthy levels of government spending will insulate UAE banks from any negative effects of the oil price fall, Emirates NBD …

Oil

OPEC’s influence has long been exaggerated

However, the role of OPEC has historically been overplayed, and the latest tumult is merely further evidence of the group's weakness.<p>Formed in 1960 "to coordinate and unify petroleum policies" and offset the influence of major multinational oil companies, OPEC enjoyed the peak of its geopolitical …

Oil

This African Country is Auctioning its Oil Blocks as Oil Crisis Continue to Hit Hard - Ventures Africa

Angolan state-owned oil company, Sonangol, has placed 15 of its oil blocks up for auctioning as the southern Africa nation struggles with drop in …

Angola’s Sliding Kwanza Is Probably 15% Overvalued, IMF Says

Angola’s currency is probably 15 percent overvalued because of sliding oil prices that are sinking revenue in the continent’s second-biggest crude …

The 20 Fastest-Growing Economies This Year

Emerging markets in Asia and Africa still reign supreme: They're at the top of global growth projections over the next two years.<p>The world is …

Parliament passes revised state budget for 2015

<b>Wed, 25 Feb 2015 19:33 - Updated Wed, 25 Feb 2015 19:33</b><p>Luanda - The National Assembly (Parliament ) approved on Wednesday the Draft State Budget …

plus Gold rates, sport scores, city guides, prayer times, Dubai financial data, weather forecasts and more

TopStories<p>The three-day visit, from July 19 to 21, aims to deepen trade and cultural ties<p>President Xi’s visit to further strengthen relations, says …

Saudis’ Oil Price War Is Paying Off

Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working.<p>U.S. drillers are …

Oil Crisis Forces Angola To Seek $10bn Loan - Ventures Africa

Angola, Africa’s second largest exporter of crude, plans to borrow $10 billion from the World Bank and China as slump in oil prices continue to hit …

UPDATE 2-Angola hopes to turn around falling oil and gas output

* Angola oil output dropped 3 percent in 2014<p>* Sonangol’s net income plunged 77 pct<p>* Plans to boost oil output, restart LNG exports this year (Adds details, background)<p>By Herculano Coroado<p>LUANDA, Feb 26 (Reuters) - Angola plans to increase its oil production by 20 percent by next year after …

Oil

RT @UNCTADKituyi: Depressed oil prices an incentive 4 #Angola 2 intensify agric. modernization. My msg 2 Agric Min. Eng. Pedro Canga http://t.co/6x0utOcjUN

A Tough Year Awaits Angola - IMF - Ventures Africa

The International Monetary Fund (IMF) has urged Angola to brace itself for a tough year ahead as oil prices prepare to take a second series of …

Nigeria Should Stop Spending More To Subsidize Fuel - Ventures Africa

Oil prices might have fallen over 40 percent in the last year, but that hasn’t stopped Nigeria, Africa’s biggest crude producer, from spending more …