Markets

KEY POINTS This week, Nigeria’s flagship Bonny Light crude recovered from previous drops, hovering around $70 per barrel as Indian refiners increased their purchases and geopolitical tensions in Europe sparked …

KEY POINTS Monday saw a slight increase in oil prices as traders weighed the prospect of additional barrels entering the market from OPEC+ against geopolitical tensions that threatened Russian supply. …

KEY POINTS On Monday, the Nigerian Electricity Regulatory Commission, NERC, announced that it had given the recently formed Bayelsa Electricity Regulatory Agency (BYERA) control over the state’s power market. The …

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 …