The recent electricity market deregulation in South Africa and Zambia is expected to attract significant private investment, fostering economic growth and boosting energy security. By dismantling monopolistic structures and introducing competition, these reforms could serve as a model for other African nations, sparking a wave of energy market liberalization across the continent. The new laws open up opportunities for independent power producers, paving the way for regional economic integration and positioning South Africa and Zambia as energy hubs. However, investors must navigate potential political and regulatory challenges to unlock Africa’s vast energy potential.
energy market
-
-
U.S. natural gas producers plan strategic production cuts amid falling prices, with major companies like EQT and Apache adjusting their output to balance supply and demand.
-
EDF suffers a major setback as it loses the Czech nuclear bid to Korea’s KHNP, highlighting ongoing challenges with delays and rising costs.
-
Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.
-
China’s Sinopec, the world’s largest oil refiner, reported a 9.9% decline in 2023 net profit. Despite the decrease, the company benefited from a strong rebound in domestic fuel demand, particularly for gasoline and aviation fuel.
-
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.
-
Since the European Union imposed sanctions on Russia’s energy exports in 2022, following its invasion of Ukraine, Moscow has been looking for new markets to sell its oil. And it…
-
Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses. Brent crude futures were up $1.07, or 1.41%, at…
-
Oil prices dipped as the world’s top oil exporter, Saudi Arabia, cut its official selling prices for February and the Organization of the Petroleum Exporting Countries (OPEC) increased its production…
-
Oil prices plunged to their lowest levels in six months on Tuesday, as investors worried about the outlook for the global energy market. The Brent crude oil price, the international…