The combined effect of Donald Trump’s import tariffs, OPEC+’s inopportune decision to speed up the unwinding of production cuts and China’s retaliatory actions have wiped off $10 per barrel from global oil prices, with ICE Brent falling below $65 per barrel for the first time since August 2021.
Abuja, Nigeria//-The Managing Director/Chief Executive Officer of the Niger Delta Development Commission (NDDC), Nigeria, Dr Samuel Ogbuku, is set to receive the esteemed ‘African Public Service Award’ at the prestigious African Heritage Concert and Awards AFRIHeritage, which will take place in Marrakesh, Morocco.
Trump and disruption, the two key words of this week, resonate across all markets as almost every single commodity could see disruptions after the US President rolls out his April 2 tariff plan.
Accra, Ghana//- Christian Li has been appointed Managing Director of Vivo Energy Ghana, the marketer and distributor of Shell branded fuels and lubricants following the passing of former Managing Director, Jean-Michel Arlandis.
Cape Town, South Africa/// — Russia has increasingly focused on bolstering its energy partnerships with African nations, signalling a broader strategy to boost its geopolitical influence across the continent.
Muscat, Oman//-Oman Oil Marketing Company (OOMCO) continues its commitment to social responsibility and community enrichment through the 8th annual ‘Ata’a’ program, launching seven impactful initiatives during the holy month of Ramadan.
Trump has been the single biggest oil market mover in March. On the one hand, the US President tightened Venezuela sanctions and debilitated some 20 million barrels of Iranian oil, depriving China of discounted crude and adding fuel to the oil bulls’ fire.
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group (Group), announced its Full Year Results for the year ended 31 December 2024.
Tullow Oil plc (Tullow) announced that it has signed binding heads of terms agreement with Gabon Oil Company for the sale of Tullow Oil Gabon SA, which holds 100% of Tullow’s working interests in Gabon for cash consideration of $300 million net of tax.
Cape Town, South Africa,// — North Africa has long been a key player in the global energy arena, and its role is set to expand as the region advances in oil and gas, hydrogen and renewable energy.
