Markets

KEY POINTS The Independent Petroleum Marketers Association of Nigeria, IPMAN, has sounded the alarm over a mounting debt dispute with the Anambra State Government that could push fuel prices in …

KEY POINTS Libya’s National Oil Corporation, NOC, is preparing to host a landmark joint energy forum with American investors, a move designed to restore confidence and channel fresh capital into …

KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …

KEY POINTS In July, Nigeria’s petrol prices slightly decreased, providing little respite to consumers from months of high energy prices that still have a significant impact on household budgets and …

KEY POINTS European oil majors are reshaping their portfolios to attract capital for decarbonization projects, as evidenced by Eni SpA’s agreement to sell Global Infrastructure Partners a 49.9% stake in …

KEY POINTS For two months in a row, Nigeria has maintained OPEC crude production above the 1.5 million barrels per day mark, bolstering its attempts to win back investor trust …

KEY POINTS In a daring gamble on Africa’s upstream potential, Heirs Energies Ltd. plans to double crude production in the next five years as independent producers on the continent take …

KEY POINTS Although it provides some respite for drivers, the Nigerian National Petroleum Company Limited‘s, NNPC decision to lower the pump price of gasoline by ₦10 per litre at its …

KEY POINTS A South African court has thrown out environmental approval for an offshore oil and gas exploration project led by TotalEnergies, ruling that the French energy giant’s assessment failed …

KEY POINTS After the U.S. Energy Information Administration (EIA) predicted that Brent crude could average below $60 a barrel in the fourth quarter, a level last observed during the pandemic’s …