Tag: crude oil
ABUJA (Reuters) - Nigeria’s excess crude account held $72.41 million as of July 7, the country’s finance minister said on Thursday. Zainab Ahmed gave the figure during...
The Strategic Fuel Fund is the state-owned entity that manages South Africa's strategic crude oil stockpile has appointed the former director general for the Department of Energy, Nelisiwe Magubane as its new chairperson. Nelisiwe joins CNBC Africa for more on her new role amid the global oil price and output tensions.
A plunge in U.S. crude oil prices this week reverberated across global financial markets and fueled renewed worries over the beleaguered shale oil industry. Yet billionaire investor Howard Marks isn’t panicking.
“Italy has given the rest of the world a tragic glimpse of what a lockdown needs to look, especially for countries that blink and fail to take action fast,” writes former Director of Communication and External Relations at the African Development Bank Group, Dr. Victor Oladokun.
Since the initial agreement to construct a crude oil export pipeline from Uganda to Tanzania was made in 2016, the project has seen some setbacks and has yet to be completed. Now all activities have been suspended on the project – to unpack why and what this could mean for the rest of the region, Analyst and Chief Strategist, Ken Agutamba joins CNBC Africa for more.
On 26th August, Kenya sent off its inaugural shipment of crude oil, becoming the first East African nation to join the ranks of petroleum-exporting countries. On what this means for the country's economy and the country's investments, Coordinator at Kenya Civil Society Platform on Oil and Gas, Charles Wanguhu joins CNBC Africa for more.
Oil prices are down in early trade, as rising U.S crude inventories and weak economic data from China erased some of the sharp gains from Tuesday's 4.7 per cent surge. To review the global oil markets and the impact on Nigeria's oil and gas space, Rolake Akinkugbe-Filani, Senior Vice President and Head of Energy and Natural Resources at FBNQuest Merchant Bank joins CNBC Africa for more.
The National Oil Corporation (NOC) declared force majeure on oil production at El-Sharara – Libya’s largest oil field – and on crude oil loadings at the Al-Zawiya port.