SITREP for Nov 14 2024
Andrew Sheves Good morning.
Intro
Commodity and Rate Snapshot
🛢️** Crude Futures (WTI)**
$68.76
💵 **USD:EUR **
$1.051 (Price of 1EUR in USD)
₿ Bitcoin
$91,208.50
As at Nov 14, 06:00ET -Data is illustrative, not for decision-making.
Financial data via Bloomberg, Freightos and AlphaVantage
Africa Stability Ratings and News Summary
More Unstable
🇩🇿 Algeria, 🇦🇴 Angola, 🇧🇯 Benin, 🇧🇼 Botswana, 🇧🇫 Burkina Faso, 🇧🇮 Burundi, 🇨🇲 Cameroon, 🇨🇫 Central African Republic, 🇹🇩 Chad, 🇰🇲 Comoros, 🇨🇩 Democratic Republic Of The Congo, 🇩🇯 Djibouti, 🇬🇶 Equatorial Guinea, 🇪🇷 Eritrea, 🇸🇿 Eswatini, 🇪🇹 Ethiopia, 🇬🇦 Gabon, 🇬🇳 Guinea, 🇬🇼 Guinea-Bissau, 🇨🇮 Ivory Coast, 🇰🇪 Kenya, 🇱🇷 Liberia, 🇲🇬 Madagascar, 🇲🇼 Malawi, 🇲🇱 Mali, 🇲🇷 Mauritania, 🇲🇺 Mauritius, 🇲🇿 Mozambique, 🇳🇪 Niger, 🇳🇬 Nigeria, 🇨🇬 Republic of the Congo, 🇷🇼 Rwanda, 🇸🇴 Somalia, 🇿🇦 South Africa, 🇸🇸 South Sudan, 🇸🇩 Sudan, 🇹🇿 Tanzania, 🇹🇬 Togo, 🇺🇬 Uganda, 🇪🇭 Western Sahara, 🇿🇲 Zambia, 🇿🇼 Zimbabwe
More Stable
No countries were more stable over this period
Unchanged
🇨🇻 Cape Verde, 🇬🇭 Ghana, 🇱🇸 Lesotho, 🇲🇦 Morocco, 🇳🇦 Namibia, 🇸🇳 Senegal, 🇸🇱 Sierra Leone, 🇸🇹 São Tomé and Príncipe, 🇬🇲 The Gambia
Regional News Summary
Volatility continues to grip the Democratic Republic of Congo (DRC), particularly in the eastern regions where the M23 rebel group is advancing, challenging government forces and exacerbating instability. This unrest complicates the government’s ability to maintain control and provide essential services to the population [SOURCE - Understanding War].
In addition to the security crisis, the DRC faces a public health challenge with the mpox virus (formerly known as monkeypox). Although the spread has slowed, new mutations raise concerns about potential outbreaks. Vaccination efforts are underway, with doses allocated for nine African countries, including the DRC, as part of a global response to the outbreak [SOURCE - CBC].
Meanwhile, the energy landscape in Africa is shifting. Russia has emerged as a significant supplier of liquefied natural gas to Spain, raising questions about Algeria’s energy export market, which is already under pressure from declining oil prices [SOURCE - TASS].
In Mali, three executives, including CEO Terry Holohan, from mining company Resolute are being held by the government over alleged unpaid taxes. [SOURCE - Boomberg]
Independent firms are revitalizing Africa’s mature oil fields, which could bolster Algeria’s oil and gas sector amid these challenges [SOURCE - RIO TIMES]. However, the global energy market remains uncertain, influenced by the ongoing Russia-Ukraine conflict and fluctuating demand [[SOURCE - THE BLAZE]](https://www.theblaze.com/news/eu-signals-desperation-to-avoid-trade-war-with-trump-desire-to-buy-american-gas
Carpe tomorrow!