African Markets – Factors to watch on May 29
The following are company announcements, scheduled economic indicators, debt and currency market moves and political events may affect
OPEC is falling short on its promise to do ‘whatever it takes’ to stabilize oil prices
Few days back, 25th March, OPEC met market expectations by extending the OPEC and non-OPEC crude oil production cuts enacted on
Uganda, Tanzania partner on world’s longest heated pipeline
Uganda and Tanzania signed a framework agreement on their proposed $3.55 billion crude export pipeline on Friday, a key milestone for
Nigeria LNG launches three-cargo sell tender – sources
Nigeria’s liquefied natural gas (LNG) export facility has launched a tender to sell three cargoes loading during June, trade
OPEC disappointment hits oil, stocks; sterling down on UK vote jitters
Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to
Senate passes petroleum industry governance bill into law
The Senate, Thursday, passed the petroleum industry governance (PIG) bill into law, which may eventually pave way for the passage of
All eyes on Vienna as oil drops; growth hits pound
Oil retreated from a five-week high as investor attention turned from the U.S. Federal Reserve’s somewhat dovish message to the
Nigeria not opposed to joining OPEC output cuts, says oil minister
Nigerian Oil Minister Emmanuel Ibe Kachikwu said on Thursday that conceptually Nigeria was not opposed to joining OPEC production caps
OPEC extends oil output cut till March 2018
OPEC on Thursday decided to extend cuts in oil output by nine months to March 2018, an OPEC delegate said, as the producer group
Africa is not poor, we are stealing its wealth
Africa is poor, but we can try to help its people. It’s a simple statement, repeated through a thousand images, newspaper