Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended 20 cents lower at $78.93.
Record temperatures in Europe and North America extended the gas storage refill season, leading to high inventories.
Natural gas demand decreased due to warmer weather, an industrial slowdown in Europe, and record U.S. production and LNG exports.
Futures and options market winter premiums have diminished, contributing to a drop in Europe’s natural gas prices and bearish trends in the U.S. and Asian markets.
Morocco is at a crossroads. Its ecological conditions, with the sun of the Sahara and the wind of the Atlantic coast, make it a prime candidate for massive-scale solar and wind farms.
Bubune Sorkpor has extensive experience working in investment teams covering North America, Mauritius and Ghana. He is expected to lead investment strategy at MIIF