…unprecedented crisis could push up to 60million into extreme poverty
The World Bank Group has announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70 percent of the world’s population.
Since March, the Bank Group has rapidly delivered record levels of support in order to help countries...
Gold and silver are selling on a high, lifted by concerns over economic growth, a second wave of virus infections and simmering tensions between the U.S. and China.
Last week, gold headed back toward its peak in April l, when prices hit the highest since 2012. Silver , meanwhile jumped...
Oil prices climbed by more than US$1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping US$30 supported by optimism about the re-opening of economies and output cuts by major producers.
Brent crude LCOc1 was up US$1.21, or 3.7percent, at US$33.71 a barrel yesterday,...
As the COVID-19 pandemic takes a toll on African health systems and their economies, African governments are staking a claim for debt relief or outright cancellation of debts owed to China and the west.
Ghana’s Finance Minister, Ken Ofori-Atta, and the South African Finance Minister, Tito Mboweni, have been leading...
In the span of just six months, Europe’s biggest oil and gas companies raced to commit to net-zero emission targets in response to increased investor and societal demands to start addressing the elephant in the room.
Investors welcomed the steps and the setting of specific targets for carbon emissions reductions...
In the midst of a pandemic that’s shaken energy markets to the core and threatens to send the global economy into a depression, renewable energy is holding steady. In the apt words of the world’s premiere advisory body and data source for energy, renewables remain ‘resilient.’
The International Energy Agency...
The African Energy Chamber is urging all stakeholders to put the safety of oil workers and the ability of oil companies to continue operating at the top of industry priorities
Some charter flights with oil industry personnel and medical equipment’s have been allowed to land a few oil-producing countries like...
For Africa, the COVID-19 pandemic is turning into a wake up call to find better ways to industrialise, chief amongst them being access to reliable, cheap and clean energy
As global markets think of the post-COVID-19 world and how the pandemic will reshape business models worldwide, African countries are coming...
Equatorial Guinea has announced that it is fully complying with its production cuts obligations under the record OPEC++ global oil cuts deal reached in April 2020 and which took effect on the 1st of May.
While announcing the country’s compliance, Minister of Mines and Hydrocarbons, . Gabriel Mbaga Obiang Lima,...
The coronavirus (COVID-19) pandemic has become one of the biggest threats to the global economy and financial markets. The effect has already been felt in a wide range of energy markets, including coal and gas – but its impact on oil markets is exceptionally grave due to the constraint...