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In the News

  • In the News

    Trading Activity Lifts Brent Oil Benchmark

    by Victor Adetimilehin June 30, 2024
    by Victor Adetimilehin June 30, 2024

    Trading giants Trafigura and Gunvor have been on a buying spree in the Brent crude oil market, driving prices to their highest level since the benchmark’s methodology changed in 2023. …

  • In the News

    SolarAfrica Begins SunCentral’s Mega Solar Farm in South Africa

    by Ikeoluwa Juliana Ogungbangbe June 28, 2024
    by Ikeoluwa Juliana Ogungbangbe June 28, 2024

    SolarAfrica Energy breaks ground on the SunCentral solar farm, set to significantly bolster South Africa’s renewable energy capacity.

  • In the News

    Can Renewable Energy Meet Cooling Demands During Heat Waves?

    by Motoni Olodun June 28, 2024
    by Motoni Olodun June 28, 2024

    As heat waves increase, can renewable energy sustain our cooling needs? Explore the challenges and solutions in integrating renewables into our energy systems.

  • In the News

    Liberia to Expand Solar, Hydropower Projects with Funding

    by Adenike Adeodun June 28, 2024
    by Adenike Adeodun June 28, 2024

    Liberia secures World Bank funding for solar and hydropower projects, significantly boosting the nation’s energy capacity and infrastructure.

  • In the News

    US Senate Probes Oil Giants on Price Collusion with OPEC

    by Victor Adetimilehin June 28, 2024
    by Victor Adetimilehin June 28, 2024

    The US Senate Budget Committee is investigating domestic oil producers for potential illegal coordination of oil prices with OPEC, raising concerns about market manipulation.

  • In the News

    Oil Prices Rise on Geopolitical Tensions Despite Rising U.S. Inventories

    by Victor Adetimilehin June 28, 2024
    by Victor Adetimilehin June 28, 2024

    Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. …

  • In the News

    Africa50, IRENA Partner to Boost Renewable Energy Projects in Africa

    by Adenike Adeodun June 27, 2024
    by Adenike Adeodun June 27, 2024

    Africa50 and IRENA have pledged $100 million to support renewable energy projects in Africa, aiming for sustainable development and enhanced energy access.

  • In the News

    South Africa’s Renewable Energy Investment Hinges on Legislative Stability

    by Ikeoluwa Juliana Ogungbangbe June 27, 2024
    by Ikeoluwa Juliana Ogungbangbe June 27, 2024

    Stability in legislative frameworks is highlighted as essential for fostering investments in South Africa’s renewable energy amid governmental changes.

  • In the News

    NNPC’s Crude Woes Fuel Dispute Between Dangote and IOCs

    by Motoni Olodun June 27, 2024
    by Motoni Olodun June 27, 2024

    A dispute over crude supply between NNPC, Dangote Group, and IOCs exposes deeper issues within Nigeria’s oil industry, posing risks to economic stability.

  • In the News

    Texas Braces for Record Power Demand as Heatwave Intensifies

    by Victor Adetimilehin June 27, 2024
    by Victor Adetimilehin June 27, 2024

    Scorching temperatures in Texas are expected to drive record-breaking electricity demand. ERCOT, the state’s grid operator, assures Texans there’s enough supply but urges conservation during peak hours. The heatwave also …

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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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