Energy
OPEC and its allies undecided on output cuts amid sanctions on Iran and Venezuela
The Organization of Petroleum Exporting Countries (OPEC) and its partners are unlikely to decide on their output policy in April…
No force majeure on Bonny Light crude- Shell
Royal Dutch Shell has said it has not declared a force majeure on Nigeria’s highest crude grade, Bonny Light following…
Heavy crude to be in high demand in 2019 – IEA
Heavy, sour crude oil might be in high demand in the coming months as the global market struggles to adjust…
DisCos, TCN mismatch causing low electricity suppy- NERC
The Nigerian Electricity Commission (NERC) has revealed there is a divergence between generated capacity and transmitted and distributed capacity. NERC…
Oil cut: Saudi Arabia’s Falih says compliance by OPEC members unquestionable
OPEC kingpin Saudi Arabia said it has received pledges of commitment from OPEC members and its allies to cut production…
Eskom gets $4.9bn bailout in South Africa’s budget
Eskom Holding SOC Ltd., the distressed utility that supplies 95 percent of South Africa’s power, will receive the biggest bailout…
