Oil Prices Near $100 as Middle East Strikes Raise Supply Risks
Brent Crude Nears $100 as Middle East Conflict Threatens Oil Supply and Shipping Routes Brent crude prices moved close to US$100 a barrel on September 9 as renewed attacks across the Middle East heightened concerns over disruptions to oil supplies and key shipping routes. Brent futures rose 1.3% to US$99.22 a barrel, while US West Texas Intermediate crude gained 1.2% to US$94.13 a barrel. Brent had increased by about 25% since early August as hopes
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Dangote Refinery IPO Attracts N1.5 Trillion in First Hour
Dangote Refinery IPO Draws N1.5 Trillion in Early Demand as Africa’s Largest Share Sale Opens Investors committed about N1.5 trillion to the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery within the first hour of the share sale opening, highlighting strong early demand for Africa’s largest refinery. The IPO opened on September 14 on the Nigerian Exchange (NGX), with Dangote offering 4.1 billion ordinary shares at N525 each. The offer is targeting approximately N2.15
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One Month to Go: AEW 2026 Gears Up for Five Days of Deals, Dialogue and Energy Leadership
The African Energy Week (AEW) 2026 Conference and Exhibition, Africa’s largest energy gathering taking place October 12-16, is preparing to bring the full spectrum of Africa’s energy industry to Cape Town. With just one month to go, the platform is gearing up to unlock a new wave of billion-dollar deals and energy partnerships, with over 400+ high-level speakers, 9,000+ delegates, five conference stages, targeted dealmaking and roundtable discussions positioning African energy at the forefront of
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Petrobras Secures Eight Offshore Exploration Blocks in Côte d’Ivoire
Petrobras to Invest Over CFA250B in Côte d’Ivoire’s Ultra-Deepwater Oil Exploration Programme Brazilian state-owned oil company Petrobras has signed production-sharing contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire, expanding its presence along Africa’s Atlantic margin. The agreements, signed in Abidjan on September 17, cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the eight blocks with a 90% interest, while
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