Energy

Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks...

Tight Now, Loose Later: Oil Futures Flash Warning Last week, OPEC+ announced it will once again accelerate the pace of unwinding of production cuts, with output targets...

Africa’s Energy Trilemma: Achieving Security, Equity And Sustainability Africa’s energy sector faces a fundamental challenge: balancing the three competing priorities of the energy trilemma – energy...

Exxon to Invest $1.5 Billion in Deepwater Oilfields in Nigeria U.S. supermajor ExxonMobil plans to invest as much as $1.5 billion in deepwater oil and...

Government’s Debt to GNPC Rises to $1.25 Billion The Government of Ghana’s indebtedness to the Ghana National Petroleum Corporation (GNPC) has ballooned to $1.25 billion...

StanChart Cuts 2025 Oil Price Forecast By $16/bbl Amid Trump’s Tariffs Previously, we reported that commodity analysts at Standard Chartered were bullish on oil prices...

PHDC Seeking to Slash Petroleum Sector Permit Timeline from 492 Days to 30 Days Ghana’s Petroleum Hub Development Corporation (PHDC) is seeking to drastically reduce...

World Bank Projects $64 Average Oil Price for 2025 Amid Weaker Global Growth Outlook The World Bank has projected an average crude oil price of...

South Africa’s Shift From Coal To Renewables: How It’s Going Just over 74% of South Africa’s electricity still comes from burning coal. In 2021, the country negotiated the...

Zambia and Zimbabwe Renew Push For $5 Billion Hydro Dam Project Zambia and Zimbabwe are stepping up efforts to attract investment for the long-stalled $5...