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Markets

  • AnalysisIn the NewsMarkets

    South Africa’s Renewable Energy Surge: 1,087 Projects Registered

    by Ikeoluwa Juliana Ogungbangbe February 25, 2024
    by Ikeoluwa Juliana Ogungbangbe February 25, 2024

    Remarkable leap in South Africa’s renewable energy sector, with over a thousand projects driving a greener future and significant investment.

  • Markets

    Oil Prices Surge as Europe and Africa Face Supply Crunch

    by Victor Adetimilehin February 25, 2024
    by Victor Adetimilehin February 25, 2024

    The global oil market is tightening as shipping delays and OPEC+ cuts reduce the availability of crude in Europe and Africa, boosting futures prices. Rising demand and geopolitical risks The …

  • GovernmentMarketsOil & Gas

    Nigeria’s Import Duty Hike Sparks Cargo Diversion Crisis

    by Oluwatosin Racheal Alabi February 21, 2024
    by Oluwatosin Racheal Alabi February 21, 2024

    Amid rising import duties, Nigerian importers pivot to neighboring countries, escalating concerns over cargo diversion, economic instability, and potential job losses in the maritime and import sectors.

  • Energy TransitionIn the NewsMarkets

    Chevron Boosts Israel’s Gas Sector with Tamar Expansion

    by Ikeoluwa Juliana Ogungbangbe February 21, 2024
    by Ikeoluwa Juliana Ogungbangbe February 21, 2024

    Chevron commits to a landmark gas production increase in Israel through the Tamar field expansion, aiming to strengthen domestic supply and regional exports.

  • Markets

    Diamondback and Endeavor to Merge in $50 Billion Oil Deal

    by Motoni Olodun February 12, 2024
    by Motoni Olodun February 12, 2024

    The US oil industry is set to witness one of its biggest mergers in history, as Diamondback Energy Inc. and Endeavor Energy Resources are in final discussions to create a …

  • Markets

    Ghana’s Oil Boom Fizzles Out as Revenue Plummets in 2023

    by Motoni Olodun February 9, 2024
    by Motoni Olodun February 9, 2024

    Ghana, once hailed as a rising star in Africa’s oil industry, has seen its fortunes dwindle in the past year as global oil prices collapsed and the coronavirus pandemic hit …

  • Markets

    Ethiopia Rakes in $47.5 Million from Energy Exports in Six Months

    by Motoni Olodun February 9, 2024
    by Motoni Olodun February 9, 2024

    Ethiopia has earned a whopping $47.5 million from selling electricity to its neighboring countries in the first half of the current fiscal year, according to the state utility firm Ethiopian …

  • Markets

    Oil Prices Climb Amid Gaza Talks Stalemate and Dollar Dip

    by Oluwatosin Racheal Alabi February 8, 2024
    by Oluwatosin Racheal Alabi February 8, 2024

    Oil markets react to stalled Gaza peace negotiations and a falling dollar, driving prices higher in a volatile geopolitical landscape.

  • Markets

    South Africa Joins Elite Club of Helium Producers with Mahlako Gas Energy’s Investment in Tetra4

    by Motoni Olodun February 7, 2024
    by Motoni Olodun February 7, 2024

    South Africa has become one of the few countries in the world to produce its liquid helium, thanks to a strategic partnership between Mahlako Gas Energy (MGE) and Renergen. MGE, …

  • Energy TransitionIn the NewsMarkets

    Global Petroleum’s New ‘Dan and Cecilia’ Team Sparks Energy Evolution

    by Ikeoluwa Juliana Ogungbangbe February 5, 2024
    by Ikeoluwa Juliana Ogungbangbe February 5, 2024

    Global Petroleum set sights on a £200-250 million market capitalization in 10 years with a focus on Africa opportunities, under the ‘Dan and Cecilia’ team.

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Nigeria’s Oil Boom: Record Production in September 2023

Oil Prices Surge as Near-Term Supply Fears Grow
Dangote Refinery Denies Seven-Cargo Crude Allocation

Latest Stories

Oil Prices Surge as Near-Term Supply Fears Grow
Dangote Refinery Denies Seven-Cargo Crude Allocation
Adeleye Falade Assumes Office as NLNG MD/CEO

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