Tag: Oil

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Invictus Energy confirms oil, gas and helium find in Zimbabwe

Australia-listed Invictus Energy (IVZ.AX) on Monday confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Zimbabwe, sending its shares...

OPEC cites risks to summer oil outlook as backdrop to shock cut

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts announced this month by OPEC+ producers,...

Oil products shipments disrupted at two TotalEnergies refineries

Oil products shipments from TotalEnergies' Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having...

Saudi maintains crude supply to Asian refiners despite OPEC+ cuts

State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output...

Oil steadies as tighter supply balances growth concerns

Oil steadied on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers balanced concern about...

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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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