RATIO/Pharos Energy strengthens its global portfolio, holding petroleum interests in the Philippines and Guyana.
1 report, 1 independent
Updated Jun 26
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What happened
RATIO/Pharos Energy strengthens its global portfolio, holding petroleum interests in the Philippines and Guyana.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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RATIO
company
Nothing else this week.
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Philippines
archipelagic country in Southeast Asia
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Guyana
country in South America
Related events
- The US-Israel-Iran conflict, which erupted on June 7, is primarily focused on the domestic Philippine market.
- An energy supply shock occurred due to the ongoing US-Iran conflict in the Middle East.
- A 30% stake in Guyana's offshore Stabroek Block is noted. Higher oil prices are increasing free cash flow, while ongoing conflict in Iran impacts this flow.
- Middle East hostilities increase oil price volatility, while the Philippines aids Taiwan's semiconductor supply chain and BSP monitors domestic banking health.
- Tensions between the U.S. and Iran are impacting oil flows, forcing Asia to rely on Middle Eastern imports, including considerations for the U.S. Strategic Petroleum Reserve.