Tag: Oil

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Tullow Oil ups 2022 free cash flow outlook, Ghana tax looms

West Africa-focused oil producer Tullow Oil on Wednesday raised its 2022 free cash flow guidance to US$267 million, slightly ahead of previous guidance and...

Norway plans to offer record number of Arctic oil, gas exploration blocks

Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it...

Recessions risks knock stocks, speculators drawn back to yen

Asian stock markets struggled to make headway on Thursday, after weak U.S. consumer data stoked recession worries and nudged investors toward safe assets such...

China’s COVID reopening set to push 2023 oil demand to new high, IEA says

The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy...

China demand optimism sets oil on track for strong weekly gain

Oil prices rose on Friday and were on track to gain over 7% on the week on solid signs of demand growth in top...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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