ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »No more free lunch is the big change under way in oil market
Bloomberg For years, investors have played Popeye to the energy industry’s Wimpy, the cartoon character famous for his “I’ll gladly pay you for a hamburger today†motto. In return for the promise of future profits, they’ve funded loss-making energy producers and explorers through a generous mix of loans, bonds and equity. That may be changing, according to a chorus of …
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