Who is buying Angolas oil?
Crisis-plagued Venezuela has suffered another blow as a committee of creditors has ruled that state oil company PDVSA defaulted on its debt — a decision that triggers payment of default insurance to investors.
If you think that interest in crude will go down any time soon with the rise of electric cars, think twice, the International Energy Agency says. It expects global demand for oil to even rise in the decades ahead.
The new leaks of financial records illustrate how powerful individuals and companies across Africa use offshore havens to not only avoid paying taxes, but also to hide bribery and illegal dealings.
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