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Markets

  • Energy TransitionIn the NewsMarkets

    Energean Continues Strong Performance Despite Security Concerns

    by Ikeoluwa Juliana Ogungbangbe January 19, 2024
    by Ikeoluwa Juliana Ogungbangbe January 19, 2024

    Energean, a prominent independent gas producer, has released impressive results, maintaining its trajectory towards achieving a daily production goal of 200,000 barrels of oil equivalent (boepd) despite geopolitical tensions. CEO …

  • In the NewsMarkets

    Türkiye and Libya Forge Ahead with Ambitious Energy Alliance

    by Motoni Olodun January 15, 2024
    by Motoni Olodun January 15, 2024

    At the Libyan Energy and Economy Summit in Tripoli, Türkiye underscored its commitment to strengthening cooperation with Libya, particularly in the oil and gas sectors, signaling a robust partnership in …

  • In the NewsMarketsOil & Gas

    Nigeria Reduces Oil Production Target Amid Challenges

    by Oluwatosin Racheal Alabi January 4, 2024
    by Oluwatosin Racheal Alabi January 4, 2024

    Nigeria adjusts oil production targets, focusing on realistic goals and sector revitalization.

  • Markets

    Angola Quits OPEC, Shaking Up Oil Market

    by Motoni Olodun December 22, 2023
    by Motoni Olodun December 22, 2023

    Angola, Africa’s second-largest oil producer, has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), a move that could have significant implications for the global oil …

  • Markets

    UAE’s Masdar to Power Africa’s Clean Energy Transition with 10GW Plan

    by Motoni Olodun December 8, 2023
    by Motoni Olodun December 8, 2023

    The United Arab Emirates (UAE) is leading the way in Africa’s clean energy transition with a 10GW growth plan across six Sub-Saharan nations, announced by its renewable energy company Masdar …

  • Energy TransitionMarkets

    Germany Boosts Africa’s Green Energy with €4 Billion Investment

    by Oluwatosin Racheal Alabi November 25, 2023
    by Oluwatosin Racheal Alabi November 25, 2023

    Germany’s €4 billion investment boosts Africa’s green energy sector.

  • MarketsOil & Gas

    Oil Demand to Hit Record High in 2024, IEA Says

    by Motoni Olodun November 15, 2023
    by Motoni Olodun November 15, 2023

    The International Energy Agency (IEA) has released its latest oil market report, forecasting a strong recovery in global oil demand in the next two years. According to the IEA, oil …

  • In the NewsMarketsOil & Gas

    New Nembe Crude Makes Market Debut in London

    by Oluwatosin Racheal Alabi November 8, 2023
    by Oluwatosin Racheal Alabi November 8, 2023

    NNPC-Aiteo JV introduces Nembe crude, offering a low-sulphur, high-quality option to European markets at the Argus Conference in London.

  • In the NewsMarketsOil & Gas

    Nigeria’s Oil Production Boost a $7.6 Billion Necessity

    by Oluwatosin Racheal Alabi November 7, 2023
    by Oluwatosin Racheal Alabi November 7, 2023

    Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.

  • MarketsOil & Gas

    Fuel Scarcity Worsens as 86 Firms Relinquish Petrol Import Permits

    by Oluwatosin Racheal Alabi October 24, 2023
    by Oluwatosin Racheal Alabi October 24, 2023

    Fuel scarcity in Nigeria is set to worsen as 86 oil trading companies have reportedly surrendered their permits to import Premium Motor Spirit (PMS), commonly known as petrol. This development, …

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