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Crude oil prices rise 2% and Brent is above $78 a barrel - (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, May 24 (2023), to continue to reap gains for the third consecutive session, amid fears of a supply shortage.
- 3 years, 2 months
Global demand for oil is rising to a record level
Global oil demand rose to a new record high in March 2023, supported by growth in China and the United States. The world's oil consumption jumped by about 3 million barrels per day, on a monthly basis, during last March, according to the report issued few days ago on this May 2023.
- 3 years, 2 months
ANGOLA: Angola's Downstream Development to Drive Domestic Capacity
Despite serving as the largest oil producer on the African continent, Angola has a minor downstream industry and currently imports approximately 80% of its refined petroleum. Consequently, one of the sub-Saharan African country’s Government’s main strategic targets is to increase domestic crude processing capacity.
- 3 years, 2 months
Gambia: 46 Communities to Benefit From 30kV Electricity Project
President Adama Barrow has inaugurated the construction of the 30Kv line through Laminkoto-Diabugu-Batapa to expand electricity access to 46 communities in the districts of Sami and Sandu.
- 3 years, 2 months
SOUTH AFRICA: UAE’s Amea Power to sell 85 MWp of solar power to GreenCo
Independent power producer (IPP) Amea Power has signed a power purchase agreement (PPA) with GreenCo Power Services.
- 3 years, 2 months
South Africa’s Cabinet Approved a Bill on Electricity Regulation
South Africa’s cabinet approved a bill on electricity regulation
- 3 years, 3 months
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