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  • Analysis

    South Africa and Zambia’s Electricity Deregulation: A Catalyst for Investment Across Africa

    by Motoni Olodun September 18, 2024
    by Motoni Olodun September 18, 2024

    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 …

  • In the News

    U.S. Natural Gas Producers Plan Output Cuts Amid Price Slump

    by Victor Adetimilehin August 8, 2024
    by Victor Adetimilehin August 8, 2024

    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.

  • In the News

    EDF Loses Czech Nuclear Deal to Korean Rival KHNP

    by Victor Adetimilehin July 18, 2024
    by Victor Adetimilehin July 18, 2024

    EDF suffers a major setback as it loses the Czech nuclear bid to Korea’s KHNP, highlighting ongoing challenges with delays and rising costs.

  • In the News

    Oil Prices Steady as Investors Monitor Storm Beryl in Texas

    by Motoni Olodun July 8, 2024
    by Motoni Olodun July 8, 2024

    Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.

  • In the News

    Sinopec Profits Dip Despite Booming Fuel Demand

    by Victor Adetimilehin March 25, 2024
    by Victor Adetimilehin March 25, 2024

    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 …

  • In the News

    OPEC Upbeat on Oil Demand and Economic Outlook

    by Victor Adetimilehin March 13, 2024
    by Victor Adetimilehin March 13, 2024

    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.

  • MarketsOil & Gas

    How Russia’s Cheap Crude Oil Is Fueling Asia and Africa’s Energy Demand

    by Motoni Olodun January 25, 2024
    by Motoni Olodun January 25, 2024

    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 & Gas

    Oil Prices Surge Amid Middle East Crisis and Libya Outage

    by Victor Adetimilehin January 10, 2024
    by Victor Adetimilehin January 10, 2024

    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 & Gas

    Oil Prices Drop as Saudi Arabia Slashes Rates and OPEC Boosts Output

    by Victor Adetimilehin January 8, 2024
    by Victor Adetimilehin January 8, 2024

    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 …

  • In the News

    Oil Prices Tumble as Demand Slumps and Supply Surges

    by Victor Adetimilehin December 13, 2023
    by Victor Adetimilehin December 13, 2023

    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 …

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Nigeria’s Oil Boom: Record Production in September 2023

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