April 30, 2024/Oilprice.com Tom Kool Editor, Oilprice.com WTI crude found resistance at $81 per barrel this morning, countering a sell-off as traders discount geopolitical risk. Despite Strong Production Momentum, US Oil Majors Fail to Impress – ExxonMobil and Chevron reported a combined net profit of $13.7 billion in their Q1 […]
OPINION/EDITORIAL
Harnessing Sub-Saharan Africa’s Critical Mineral Wealth
Photo Credit: mabus13/iStock by Getty Images IMF COUNTRY FOCUS April 29, 2024/IMFBlog From electric vehicles to solar panels to future innovations, the global transition to clean energy is set to further heighten demand for critical minerals. Between 2022 and 2050, demand for nickel will double, cobalt triple and lithium rise […]
Nigeria Likely to Fall to Fourth Largest Economy in Africa by 2024
April 26, 2024/FBNQuest Research Recent events highlight the impact of fiscal policies on Nigeria’s economy. Despite its past status as Africa’s largest economy, the Naira devaluation in 2023 saw Nigeria drop to third place, behind Egypt and South Africa. While the IMF forecasts a GDP growth of 3.34% in 2024, […]
