OPINION/EDITORIAL

Brent Breaks Back Above $80 as OPEC+ Meeting Looms

November 28, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Brent climbed back above $80 on Tuesday as storms disrupted oil and product exports from Russia’s Novorossiysk port, but it is U.S. inventories and the upcoming OPEC+ meeting that will drive oil price movements this week. Chart of the Week – This year’s […]

Nigeria’s GDP Growth Rate Up Marginally in Q3

November 28, 2023/CSL Research Based on the Gross Domestic Product (GDP) report published by the National Bureau of Statistics (NBS) on Friday last week, Nigeria’s GDP grew by 2.54% y/y in real terms in Q3 2023. This growth rate is higher than the 2.25% recorded in the third quarter of […]

African Oil & Gas and the Rest of the World: What Changed in 2023?

November 27, 2023/African Energy Chamber By NJ Ayuk It’s undeniable that the Russian invasion of Ukraine proved highly disruptive to world energy markets. This geopolitical clash led to the imposition of Western sanctions on the export of Russian oil and fuel and the imposition of a price cap on Russian […]