Oil prices turned positive on Monday as rumours of an OPEC+ production cut offset concerns about slump in global demand. Earlier on Monday, oil prices fell to their lowest level …
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Energy
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Reunert witnesses R844 million increase in revenue and operating profit
Reunert has released its preliminary annual results, reporting increases in revenue and operating profit of 16% and 17%. It also saw a 10% overall increase in profit. Among Reunert’s interests …
- BusinessEconomyINVESTMENTMarketsMoroccoOil & Gas
NewMed Energy plans to invest in natural gas and renewable energy infrastructure in Morocco
Israel’s natural gas producer NewMed Energy, formerly known as Delek Drilling, plans to invest in the development of natural gas and renewable energy infrastructure in Morocco. “Morocco is the next …
- BusinessEconomyManufacturingMoroccoOil & Gas
Morocco Vows to Deliver Low-Cost Green Electricity to industries.
In a bid to offset soaring fossil fuel prices and meet decarbonization targets, Morocco has reiterated its vow to deliver low-cost green electricity to industries. “The government is working on …
- BusinessEconomyEnergyMarketsMoroccoTechnologyUncategorized
China’s LONGi to launch a new Hi-MO 6 module to Moroccan Market
The world’s largest solar module manufacturer LONGi plans to introduce its new generation of solar cells “Hi-MO 6” to the Moroccan market, according to Regional Sales Manager Ahmad Alkhufash. The …
- BusinessEconomyMoroccoOil & Gas
Europa Oil and Gas Announces Nonrenewal of Exploration License in Morocco
British oil and gas exploration, development, and production holding Europa Oil & Gas announced on Wednesday the nonrenewal of its initial license for the exploration of offshore oil in Morocco’s …
- BusinessEconomyMarketsNigeriaOil & Gas
Petrol scarcity bites harder in Nigeria as marketers push for fuel price increment
The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. It grew worse in Lagos, …
- EconomyEnergyFinance & ServicesSouth Africa
South Africa talking with more countries to end reliance on coal
South Africa, having secured $8.5 billion (R146.83 billion) in climate finance from some of the world’s richest countries, is in talks with additional nations to help it cut reliance on …
- Banking, Finance & InvestmentBusinessEconomyEnergyMarketsNigeria
Subsidies of Petrol and electricity affecting poor Nigerians
The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on the bank’s website announcing the …
- BusinessEconomyMarketsNigeriaOil & Gas
Average price for 5kg cooking gas in Nigeria increases to 71% in one year
The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …