Markets

KEY POINTS Nigeria’s $20 billion Dangote Petroleum Refinery is expanding its crude basket to include Ghana for the first time, a move that signals a more pragmatic approach to sourcing …

KEY POINTS Oil prices rose on Monday, lifted by a weaker U.S. dollar and mounting supply concerns tied to intensifying Russian and Ukrainian airstrikes on energy infrastructure. Brent crude climbed …

KEY POINTS Oil prices slid on Friday, pressured by expectations of slowing consumption in the United States and a looming surge in supply from OPEC and its allies. Brent crude …

KEY POINTS Egypt has signed four oil and gas exploration agreements worth more than $340 million, a move the government hopes will slow declining production and reassert the country’s role …

KEY POINTS As it strives to meet ambitious output targets and draw in foreign investment, Nigeria’s oil production has surged to its highest level in six months, a development that …

KEY POINTS Following a multibillion-rand settlement with the country’s energy watchdog, South Africa’s troubled power utility Eskom Holdings SOC Ltd. has obtained regulatory approval to raise electricity tariffs by more …

KEY POINTS Nigeria’s production of oil increased in July, giving the continent’s biggest producer new impetus to recover barrels that were lost to sabotage, theft, and years of underinvestment. According …

KEY POINTS This week, Nigeria’s flagship Bonny Light crude recovered from previous drops, hovering around $70 per barrel as Indian refiners increased their purchases and geopolitical tensions in Europe sparked …

KEY POINTS Monday saw a slight increase in oil prices as traders weighed the prospect of additional barrels entering the market from OPEC+ against geopolitical tensions that threatened Russian supply. …

KEY POINTS On Monday, the Nigerian Electricity Regulatory Commission, NERC, announced that it had given the recently formed Bayelsa Electricity Regulatory Agency (BYERA) control over the state’s power market. The …