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KEY POINTS Oando Plc has identified operating risks, inconsistent government policies and regulatory uncertainty as major reasons foreign lenders are reluctant to finance African oil and gas companies, warning that …

Brent edged lower to $109.55 on Monday as profit-taking offset Houthi attacks on Saudi energy sites and a steep fall in Gulf crude flows through Hormuz.

Oil slipped from a five-month high on Monday, with Brent at $107.57, as Trump’s Russia sanctions waiver raised hopes of more supply despite Hormuz disruptions.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has attracted investors from 51 of Africa’s 54 countries as its initial public offering, IPO, draws strong demand across the continent and from …

KEY POINTS ExxonMobil expects higher refining margins to significantly increase its downstream earnings in the third quarter of 2026, with the oil major signalling a potential $4.5 billion improvement compared …

ExxonMobil signaled that higher refining margins could boost its third-quarter downstream profit by $4.5 billion, even as lower oil prices cut upstream earnings by $1.3 billion.

Oil prices steadied on Friday and headed for weekly gains, with Brent at $105.92, as Middle East ship attacks and a US stock draw outweighed an IEA diesel release.

The $5 billion Africa Energy Bank, set up by APPO and Afreximbank, will start financing projects in 2027 and become operational within weeks, APPO’s secretary general says.

South Africa plans to procure 5 GW of gas-fired power and 4.6 GW of battery storage as the first allocations under its Integrated Resource Plan 2025.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering, IPO, by two weeks to give more investors in Nigeria and across Africa an opportunity to participate …