COUNTDOWN: 138 Days Since the USA-Iran War Began – Global Oil Market U.S.-Iran conflict keeps oil market on edge as Brent nears $96 per barrel By Team Countdown The continuing conflict between the United States and Iran is keeping global oil markets on edge, with crude prices remaining elevated amid fears of supply disruptions in […]
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Nigeria’s 97.6bn scf gas flaring highlights Africa’s energy paradox By Eyo Nsima Nigeria flared 97.63 billion standard cubic feet (bscf) of natural gas in the first six months of 2026 despite utilising more than 92 per cent of its gas production, highlighting Africa’s enduring challenge of wasting valuable energy resources while millions of people across
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Opinion: Nigeria’s gas flaring is Africa’s biggest energy contradiction By Eyo Nsima Nigeria’s latest gas production figures tell two very different stories. The first is encouraging: the country utilised more than 92 per cent of the 1.426 trillion standard cubic feet (tscf) of gas it produced in the first half of 2026, demonstrating steady progress
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Africa’s power sector emissions to rise in 2026 as electricity demand outpaces clean energy growth – IEA By Eyo Nsima Africa is expected to record an increase in carbon dioxide (CO₂) emissions from electricity generation in 2026 as rising electricity demand continues to outpace the deployment of low-carbon power sources, according to the latest forecast
Nigeria faces higher power sector emissions as electricity demand grows, says IEA Nigeria’s drive to expand electricity supply could lead to higher carbon emissions from the power sector in 2026 unless investment in renewable energy accelerates, according to the latest projections by the International Energy Agency (IEA). In its Electricity Mid-Year Update 2025, the
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Middle East conflict raises electricity cost risks for African nations reliant on imported LNG – IEA The conflict in the Gulf region and the resulting disruption to liquefied natural gas (LNG) shipments through the Strait of Hormuz are expected to increase electricity costs and heighten energy security concerns for several African countries that depend
China, India lead global rise in power-sector emissions as Africa also records increase in 2026 – IEA China and India are expected to remain the world’s biggest contributors to rising carbon dioxide (CO₂) emissions from electricity generation in 2026, as growing power demand drives increased fossil fuel consumption despite continued expansion of renewable energy,
Africa Trade Gateway delivers US$5.3-million cross-border trans-action in first energy sector trade in Southern Africa A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.
Afreximbank approves $200m facility for Shoreline to support Algeria’s energy development As part of ongoing financial interventions in Algeria since becoming a full member of the Bank in 2022, African Export-Import Bank (Afreximbank) has approved a US$ 200-million global revolving dual tranche facility in favour of Shoreline Power Company Limited (Shoreline) and its co-borrowers,
Africa’s Crude Grades Face Price Pressure as OPEC Reports Softer Global Oil Market Africa’s major crude oil exporters, including Nigeria, Angola, Libya, Congo and Equatorial Guinea, experienced lower prices for their benchmark crude grades in June as easing geopolitical tensions in the Middle East and improving global oil supplies weakened the international market, according
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