[Leadership] Fuel prices across Africa in 2025 reflect a diverse energy environment influenced by local production, subsidies, and imports.
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[Namibian] Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable.
[Daily Trust] Nigeria in December 2024 broke an age-long jinx of perennial end-of-year shortage of petroleum products. It had become an albatross that hung on the nation over decades, usually destabilising economic and social activities. Long queues at petrol stations marked the shortage, while a few meters away hawkers made brisk business selling the very product for which motorists languished under the sun.
[VOA] Juba -- South Sudan announced early this week its plan to produce at least 90,000 barrels of crude oil per day as the country resumes normal production. This comes after oil supply to international markets were cut off last February because of the ongoing conflict in Sudan.
[The Point] Since the end of December, the Sangomar Oil Field has been operating at full capacity.
[This Day] ·Minister says current govt raised production by 800,000 bpd in 18 months
[Daily Trust] The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has justified its earlier request that the Federal Government authorize a N100 billion intervention fund to help stabilize the petroleum products market and make them more accessible to Nigerians.
[Nyasa Times] Transporters Association of Malawi has assured the nation that the ongoing fuel shortages are expected to ease by late next week as significant volumes of fuel are currently in transit to Malawi.
[This Day] *Says company spent $3.5bn on 12 projects in 10 years
[Daba Finance] Senegal's economy grew at a record pace in the third quarter of 2024 as the nation began exporting oil. Gross domestic product rose 8.9% from the previous quarter and 11.5% year-on-year. The International Monetary Fund projects the economy will expand by 9.3% in 2025, driven by new oil and gas revenues.
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