Markets

TotalEnergies predicts global oil demand will peak after 2030, driven by population growth and slow electric vehicle adoption, in contrast to IEA’s forecast

Africa’s new $5 billion Africa Energy Bank will start operations in January 2025, headquartered in Abuja, Nigeria

Transcorp Power to add 150MW via renewable partnerships, while gas supply constraints impact current power generation at major facilities

Private equity in African energy projects provides essential funding, drives renewable growth, and bridges infrastructure gaps for sustainable development across the continent

Oil prices are set to fall as Israel’s restrained strikes on Iran avoid disrupting oil infrastructure, allowing for short-term market stability

KEY POINTS • U.S. crude inventories increased by 5.5 million barrels, driven by higher imports.• Gasoline stocks rose unexpectedly by 900,000 barrels as refineries ramped up production.• Distillate stockpiles fell …

Saudi Aramco raises $3 billion in its latest bond sale to support higher dividend payments and capital investments amid lower oil revenues

NOSDRA plans to enhance oil spill regulations, collaborating with CNA to implement global safety standards and improve regional oil spill response efforts

Saudi Aramco, Trafigura, and other major oil players are competing to buy Shell’s South African gas stations as the company reshapes its downstream portfolio

Shell and other energy giants are taking legal action against Venture Global LNG for failing to fulfill key long-term contracts, warning of a potential industry-wide crisis