Egyptian oil pipeline fire injures 17
A major fire broke out after a leak of oil from the Shuqair-Mostorod pipeline next to a busy highway
Massive increase in paraffin price from midnight
People who use illuminating paraffin for heat and light are facing a steep price hike from midnight
Nigeria needs to deepen reforms to boost growth, revenues: World Bank
Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained
British supreme court hears Nigerians’ case in Shell oil spill claim
Britain’s supreme court will on Tuesday hear Nigerian farmers and fishermen appeal to pursue claims
Sasol revamp to cut jobs, focus on core businesses
Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the
Nigeria to reach OPEC+ compliance by mid-July
Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but
Nigeria’s central bank cuts benchmark lending rate to 12.5%
Nigeria’s central bank unexpectedly cut its benchmark lending rate to 12.5% from 13.5%, the central
Petrol price drops significantly
Motorists will pay a whopping R1.74 less for a litre of fuel with effect from Wednesday morning.
Oil prices surge as coronavirus lockdowns ease
Oil prices soared on Tuesday, as some European and Asian countries along with several US states
Nigeria amending 2020 budget assuming oil at $20 per barrel – finance minister
Nigeria’s government is amending its 2020 budget to assume an oil price of $20 per barrel, Finance
Virtually all Equatorial Guinea oil business on hold: Minister
Virtually all oil and gas projects and licensing rounds are on hold in Equatorial Guinea as it
Nigeria seeks $2.36 bln in domestic loans; external markets unfavourable
Nigeria’s President Muhammadu Buhari is seeking approval to borrow 850 billion naira ($2.36 billion)
Oil prices recover ground after market turmoil fuels price plunge
Oil prices found some respite on Wednesday as US oil futures rose more than 20% and Brent prices
Oil rises as broader markets gain on hopes for more stimulus
Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the
Sasol set for worst week yet as oil crash speeds investor flight
An oil price crash has wiped R79 billion ($4.8 billion) off the market value of South African
Congo Republic seeks debt deal with Glencore, Trafigura before IMF review
Congo Republic aims to reach a deal with energy traders Glencore and Trafigura to restructure a $1.7
Coronavirus fears, oil price plunge pummel world stocks
Global stock markets plunged on Monday and oil prices tumbled by as much as a third after Saudi
Sharp decline in oil price presents both challenges, opportunities for SA: Analyst
Market analysts say the sharp decline in the oil price presents both challenges and opportunities
Asian stocks extend losses as pandemic fears grow
Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global
Several families evacuated in Alberton following oil pipeline explosion
Several families living in Verwoerd Park in Alberton, east of Johannesburg have been evacuated from