economic growth

Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

Oil prices surge as investors anticipate potential US interest rate cuts, sparking optimism about economic growth and increased demand for oil.

The Dangote Refinery is set to revolutionize Nigeria’s oil industry, creating a $21 billion annual market for Nigerian crude and boosting economic growth

Vivo Energy announces a R10 billion investment to expand its operations in South Africa, creating jobs and driving economic growth through enhanced infrastructure and service stations.

Experts at Nedbank suggest that South Africa’s transition to green energy could fuel a transformative wave of reindustrialization, unlocking new opportunities for economic growth and sustainability.

Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest level since October 2023, after a Ukrainian drone attack targeted a major Russian refinery. Additionally, Iran’s vow to retaliate against Israel for a deadly airstrike raised fears of a wider conflict in the Middle East.

Oil prices edged higher on April 1st, with US crude futures settling at a five-month peak. This cautious increase reflects a balancing act in the oil market. Optimism about economic growth in major consumers like the US and China is fueling expectations of rising demand, but this is countered by concerns over tightening global oil supplies.

The postponement of Tanzania’s liquefied natural gas (LNG) project has raised concerns about the continent’s potential to capitalize on gas exports. Delays in the project’s development underscore the risks Africa…

OPEC’s latest report offers an optimistic forecast for global oil demand, projecting strong growth through 2024 and 2025 amidst geopolitical tensions and supply disruptions.

OPEC projects robust oil demand and economic growth despite challenges, maintaining optimism for the future of the global oil market.