Oil Rose to 5-month High Amid OPEC Cuts, U.S. Sanctions, Libya Fighting
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well…
Saudi Arabia Says JMMC will be a key decision point to Extending Oil Supply Cuts
The Saudi energy minister on Monday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next…
Buhari Extends Appreciation to Jordan For Support in Fighting Terrorism in Nigeria
President Muhammadu Buhari on Saturday extended appreciation to King Abdullah II bin Al-Hussein of Jordan for the continuous support Nigeria received from the country in fighting terrorism. Mr Femi Adesina,…
Medical Leave: Bongo Back in Gabon After Five-month Medical Leave to Treat Stroke
President Ali Bongo of Gabon President Ali Bongo, who suffered a stroke in October, has returned to Gabon following medical leave in Morocco, a source at the presidency told Reuters…
Celebration Across Algeria As Bouteflika Abandons Re-election Bid
 Abdelaziz Bouteflika Algerian President Abdelaziz Bouteflika abandoned his bid for a fifth term in power on Monday, bowing to weeks of mass demonstrations against his 20-year rule by…
Oil prices surge amid Venezuela crisis, low US imports
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as Venezuela struggles…
Dangote Targets Foreign Markets to Step Up Exports of Petroleum Products, Cement, Others
Africa’s richest man, Aliko Dangote, said on Monday that he will step up exports of cement and other commodities from Nigeria from this year as he focuses on…
10 Developments That Will Shape Africa’s Energy Sector in 2019 as Nigeria, Algeria, Libya, Senegal and Mozambique Go To The Polls
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and…
New militant group emerges, blasts oil facility; tables demand on job creation
A Nigerian militant group said on Sunday it had carried out an as yet unconfirmed warning strike on an oil facility owned by local energy firm Conoil on Friday in…
Oil, Under Pressure From Oversupply, Concern over economic growth
Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic…