Markets

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.

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

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 …

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 …

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 …

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

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, …

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.

Shell, one of the world’s largest energy companies, is close to finalizing the sale of its Nigerian onshore subsidiary, SPDC, to a local consortium for $2.4 billion. The deal, which …

South Africa’s Absa Purchasing Managers’ Index (PMI) takes a nosedive in January, pointing to significant challenges ahead for the nation’s economy.