Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023.
Nigeria has posted strong oil profits, with high hopes to continue expanding its fossil fuel industry as oil majors look to Africa to boost their low-carbon operations.
prices of petroleum products on the local market will see the biggest reduction in the next pricing window on August 15th, 2022.
The global oil market currently is characterised by the ongoing geopolitical tensions, post-pandemic challenges, supply chain issues and rising inflation, resulting in price hikes
The current market situation was attributed to a disruption in supply following moves to ban Russian oil by the European Union
The upstream petroleum industry in Ghana was energised with the commercial discovery of oil in the Jubilee Field in 2007.
slowing demand growth and rising production from other major oil economies will help weather the effect of sanctions on Russia.