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Africa Crude Oil Newsletter
  • Orlen signs crude oil supply agreement with Equinor 01 Sep 2025 15:24 GMT

    … ;s refineries are processing crude oil sourced from multiple regions … East, the North Sea, Africa and the Americas. Equinor … also include supplies of crude oil from the Johan Sverdrup … security.” "Orlen signs crude oil supply agreement with Equinor…

  • Nigeria’s External Reserves Climb By $1.91 Billion In August, Highest Since 2021 01 Sep 2025 14:02 GMT

    … by the Central Bank of Nigeria (CBN). The reserves, which … OPEC+ weighed on the market. Nigeria’s Bonny Light crude dipped … at $69.44 per barrel. Brent crude for October delivery slipped 0 … 0.78%. U.S. benchmark West Texas Intermediate (WTI) also fell by 0 …

  • Crude Oil Prices Edge Higher On Strong US Economy And Supply Concerns 01 Sep 2025 09:33 GMT

    Global crude oil prices recorded modest weekly gains as resilient US economic growth and renewed hopes for a Federal Reserve rate cut outweighed concerns over new trade tariffs and slowing demand. Brent crude settled at $67.64 per barrel on Friday, a 0.5% …

  • Brent Crude Loses $4 In August On Weak Demand Outlook And India Tariffs 01 Sep 2025 09:33 GMT

    Brent crude prices fell sharply in August, snapping a three-month rally as weak demand indicators and rising trade tensions weighed heavily on the market. After climbing steadily since May, Brent settled the month at $67.37 per barrel, representing a 6% …

  • Nigeria, Colombia Sign MoU To Strengthen Political, Economic Ties 01 Sep 2025 16:54 GMT

    … for Colombian diplomats visiting Nigeria. Speaking at the plenary … Nigeria’s ongoing efforts to diversify its economy away from crude oil … its economy. Shettima said Nigeria is investing heavily in … these strategies would enable Nigeria and Colombia to “turn …

  • Libya’s National Oil Corporation Reports Daily Production Figures 01 Sep 2025 13:12 GMT

    … Oil Corporation (NOC) of Libya has published its daily production … levels were as follows: Crude Oil: 1,388,379 barrels Condensates … which is responsible for overseeing Libya’s vital oil sector, … country’s hydrocarbon output. Libya’s economy is heavily …

  • Mapped: Europe’s Crude Oil Imports by Country in 2024 01 Sep 2025 05:55 GMT

    … Mapped: European Imports of Crude Oil by Country This was … crude oil to Europe, according to the Energy Institute. The continent of Africa … the largest importers of crude oil worldwide. As the continent … #47;d of crude oil to Europe. Libya was Italy’s …

  • How Nigeria can strengthen business competitiveness and attract private investment 01 Sep 2025 08:31 GMT

    … . With vast reserves of crude oil and natural gas, numerous … electricity exports to South Africa alone. This revenue came … on the Niger and Benue Rivers, one of Africa’s most … in developing countries, including Nigeria. Although Nigeria’s financial sector has …

  • East Africa Pipeline Moves Closer to Completion 01 Sep 2025 07:48 GMT

    Africa Crude Oil Pipeline project is making fast progress after several funding delays, African … and gas infrastructure, especially in Africa. Last month, an earlier report … Tilenga project and the East Africa Crude Oil Pipeline are among its lowest …

  • Non-oil exports emerging as Nigeria’s new source of FX – NOA 01 Sep 2025 07:24 GMT

    … nearly as much as crude oil for the first time … crude oil for income is changing rapidly. For the past ten years, Nigeriacrude oil sales during the same period. These figures come from the Nigerian … export earnings “almost surpassed crude oil accruals” in the …

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