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  • In the News

    OPEC’s 2025 Oil Demand Forecast: A Surprising Twist

    by Victor Adetimilehin January 18, 2024
    by Victor Adetimilehin January 18, 2024

    The Organization of the Petroleum Exporting Countries (OPEC) has released its first-ever forecast for oil demand in 2025, and it may surprise some analysts and investors. According to OPEC, the …

  • Energy Transition

    China’s Solar and Wind Boom Outshines Coal

    by Motoni Olodun January 12, 2024
    by Motoni Olodun January 12, 2024

    China is set to cement its status as the world’s leader in renewable energy, adding more solar and wind capacity in the next five years than the rest of the …

  • Energy Transition

    Africa’s Oil and Gas Industry Faces a Dilemma: To Go Green or Not?

    by Motoni Olodun December 1, 2023
    by Motoni Olodun December 1, 2023

    Africa is at a crossroads as it faces a dilemma: to pursue its economic development through fossil fuels or to embrace a green energy transition. This is the main issue …

  • MarketsOil & Gas

    Oil Demand to Hit Record High in 2024, IEA Says

    by Motoni Olodun November 15, 2023
    by Motoni Olodun November 15, 2023

    The International Energy Agency (IEA) has released its latest oil market report, forecasting a strong recovery in global oil demand in the next two years. According to the IEA, oil …

  • Oil & Gas

    Oil Prices Fall as Demand Worries Outweigh Geopolitical Risks

    by Victor Adetimilehin November 13, 2023
    by Victor Adetimilehin November 13, 2023

    Oil prices have been on a downward trend for the past three weeks, as signs of weakening demand from major consumers such as China, the US and Europe overshadow the …

  • Energy Transition

    Solar Power Boom in Africa: How Millions of Homes Are Going Green

    by Motoni Olodun October 28, 2023
    by Motoni Olodun October 28, 2023

    Solar power is becoming a popular and affordable option for millions of households in sub-Saharan Africa, according to a new report by the International Energy Agency (IEA). The report, released …

  • Energy Transition

    Oil Demand from Nigeria and Others to Fall as World Shifts to Clean Energy

    by Motoni Olodun October 24, 2023
    by Motoni Olodun October 24, 2023

    The world is undergoing a seismic shift in energy consumption as more countries adopt clean energy technologies and reduce their reliance on fossil fuels. This will significantly impact oil-producing nations …

  • Energy TransitionIn the News

    Beyond Announcements, Hydrogen Trade Seeks Momentum

    by Adenike Adeodun September 29, 2023
    by Adenike Adeodun September 29, 2023

    The hydrogen trade, while just emerging, shows potential. The Net Zero Emission Scenario (NZE) suggests that by 2030, international trade might meet about 20% of global hydrogen demand. However, today’s …

  • Energy TransitionIn the News

    IEA Updates Roadmap for Global Net-Zero Emissions

    by Adenike Adeodun September 27, 2023
    by Adenike Adeodun September 27, 2023

    In 2022, energy sector emissions hit a concerning record of 37 billion metric tonnes. This marks a 1% rise from figures before the pandemic. But where does this leave the …

  • In the News

    IEA Forecasts OPEC+ Reductions to Significantly Tighten Oil Market in Q4

    by Adenike Adeodun September 13, 2023
    by Adenike Adeodun September 13, 2023

    The International Energy Agency (IEA) foresees a distinct oil market deficit by the end of 2023 as global supply dynamics shift. This projection arises in the wake of Saudi Arabia …

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Nigeria’s Oil Boom: Record Production in September 2023

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Eskom Announces Nine-Hour Power Outage in Soweto
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