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In the News

  • In the News

    Oil Prices Steady as Investors Monitor Storm Beryl in Texas

    by Motoni Olodun July 8, 2024
    by Motoni Olodun July 8, 2024

    Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.

  • In the News

    Texas Coast Braces for Hurricane Beryl, Potential Port Closures Threaten Oil Industry

    by Victor Adetimilehin July 8, 2024
    by Victor Adetimilehin July 8, 2024

    Tropical Storm Beryl strengthens in the Gulf of Mexico, threatening to become a hurricane and make landfall on the Texas coast. The storm’s path raises concerns about disruptions to the …

  • In the News

    Oil Prices Dip on Mideast Ceasefire Talks, Hurricane Beryl Update

    by Victor Adetimilehin July 7, 2024
    by Victor Adetimilehin July 7, 2024

    Oil prices dipped on Friday as progress in ceasefire talks between Israel and Gaza outweighed concerns about potential supply disruptions. Strong summer demand and the path of Hurricane Beryl are …

  • In the News

    Nigeria’s Crude Supply Crisis Impacts Dangote Refinery Operations

    by Adenike Adeodun July 6, 2024
    by Adenike Adeodun July 6, 2024

    Nigeria’s crude supply crisis disrupts Dangote Refinery operations, sparking conflicts between oil producers and refiners over supply issues.

  • In the News

    Coega Launches Groundbreaking Public Sector Finance Initiative

    by Ikeoluwa Juliana Ogungbangbe July 5, 2024
    by Ikeoluwa Juliana Ogungbangbe July 5, 2024

    Coega Development Corporation sets a precedent in public sector financing with a new model supporting its renewable energy projects.

  • In the News

    Oil Prices Surge for Fourth Consecutive Week

    by Motoni Olodun July 5, 2024
    by Motoni Olodun July 5, 2024

    Global oil prices surge for the fourth straight week, driven by OPEC+ production cuts, geopolitical tensions, and robust demand, reaching new highs.

  • In the News

    India’s Solar Growth Slows as Coal Reliance Rises

    by Victor Adetimilehin July 5, 2024
    by Victor Adetimilehin July 5, 2024

    India’s solar power sector experiences its slowest growth in six years as the nation prioritizes coal power to address energy security concerns. This increased reliance on fossil fuels casts doubt …

  • In the News

    Nigeria’s Gas Crisis Deepens as Suppliers Flee Over $6 Billion Debt

    by Victor Adetimilehin July 5, 2024
    by Victor Adetimilehin July 5, 2024

    Nigeria’s gas crisis worsens as unpaid bills drive away suppliers, threatening fuel shortages. The $6 billion NNPC debt, rising global fuel costs, and a reinstated fuel subsidy strain the nation’s …

  • In the News

    South Africa Imposes 10% Import Duty on Solar Panels

    by Adenike Adeodun July 5, 2024
    by Adenike Adeodun July 5, 2024

    South Africa’s 10% import duty on solar panels is expected to raise consumer costs, warns the South African Photovoltaic Industry Association.

  • In the News

    Green Hydrogen in Africa Faces Hurdles, Opportunities

    by Adenike Adeodun July 4, 2024
    by Adenike Adeodun July 4, 2024

    Africa’s green hydrogen projects face significant challenges and opportunities. Experts discuss future prospects at the Africa Energy Forum.

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Nigeria’s Oil Boom: Record Production in September 2023

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Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC...
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