Despite the government-backed agreement to purchase petroleum on credit, a sizable batch of dollar-denominated loans obtained from banks by oil marketers last year have come due,...
In an effort to increase their already slim profit margins, oil marketers have petitioned Parliament to be exempt from the two percent withholding tax on their...
Plans to construct the much-needed 852 km Lokichar-Lamu pipeline for transporting crude oil from Turkana is taking shape, as Kenya’s dream of becoming a net exporter...
TotalEnergies and Shell Plc are seeking to drill oil exploration wells in South Africa’s southwest coast months after hitting legal minefields. In a notice dated April...
The oil market continues to be under intense pressure from the effects of coronavirus which has led to a huge slump in demand leading to historic...
The Organization of the Petroleum Exporting Countries (OPEC), Russia and other countries reached a tentative agreement on Friday, April 10, to temporarily cut production. The Agreement...