Angolan Mining Oil & Gas

Oil prices fell nearly 2% on Monday after Israeli officials expressed a desire to avoid escalating tensions in the Middle East while responding to a deadly rocket attack on the Israeli-occupied Golan Heights over the weekend. Brent crude for September delivery closed the first trading day of the week at $79.78 a barrel, down $1.35, or 1.7%. Meanwhile, U.S. oil finished at $75.81 a barrel, falling $1.35, or 1.8%. Two Israeli officials informed Reuters on

Read More Here

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported an increase in Nigeria’s daily crude oil production, rising from 1.25 million barrels per day (mbpd) in June to 1.61 mbpd by July 23rd. This update was provided by Gbenga Komolafe, the Chief Executive of NUPRC, during a public hearing by the House of Representatives Special Committee on oil theft and losses. Nigeria remains Africa’s largest producer of crude oil, with proven reserves of 37.50 billion barrels

Read More Here

Nigerian President Bola Tinubu has approved the sale of crude oil to the Dangote Refinery and other local refineries in the local currency, the naira. This decision, aimed at stabilizing fuel prices and the naira-to-dollar exchange rate, was adopted by the Federal Executive Council (FEC). Bayo Onanuga, the Special Adviser to the President on Information and Publicity, announced that the FEC has approved selling the 450,000 barrels of crude oil designated for domestic consumption in

Read More Here