In the News

KEY POINTS Dangote Petroleum Refinery & Petrochemicals has secured $600 million in a completed private placement as it moves closer to a planned initial public offering (IPO). The fundraising represents …

KEY POINTS Eskom’s former chief executive, Andre de Ruyter, has come under renewed scrutiny after the utility’s chairman, Mteto Nyati, said the executive management team was disconnected from the realities …

About half of Venezuela’s oil output now goes to the United States, with refineries taking more than 500,000 barrels a day, a US official says.

Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and continuing supply disruptions supported the market.

KEY POINTS Italian energy company Eni and Algeria’s state-owned oil and gas giant Sonatrach have expanded their cooperation on reducing greenhouse gas emissions from Algeria’s oil and gas industry. The …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has secured a $1 billion underwriting programme as it prepares for its planned Initial Public Offering (IPO), strengthening the financial foundation for …

KEY POINTS Libya’s state-owned National Oil Corporation, NOC, says the country needs between $30 billion and $40 billion in new investment to develop its largely untapped oil and gas resources, …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called for the development of a fully integrated West African petroleum market as growing refining capacity begins to …

China’s refined fuel exports rose from June toward pre-Iran war levels in July, after Beijing eased the export curbs it imposed during the war.

Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel in the second quarter, far outpacing rivals and lifting its profit.