Crude oil 4 articles

Crude oil is a central hydrocarbon commodity across several African producing regions, from West African offshore fields and Nigerian petroleum output to Angolan exports and North African production. Its chain begins with upstream extraction and offshore production systems before moving through pipelines, export terminals and refinery feedstock markets. Oil also has a major fiscal dimension for producing states, while Atlantic trade routes and domestic refining determine how production is converted into revenue and fuel supply.

Economy

Nigeria opens bidding for forty oil and gas blocks in major licensing round

October 8, 2026, 1:46 PM

Nigeria has launched a new licensing round offering forty oil and gas blocks across onshore, shallow-water and deepwater areas, aiming to attract investment and revive production.

Governance

Libya at a turning point: Oil, power, and the fight for the country's future

October 7, 2026, 3:45 PM

Libya stands at a crossroads. Oil riches and deep political rifts threaten both new prosperity and another round of chaos.

Economy

Goldman Sachs sees Nigeria's GDP hitting $3.4 trillion by 2050

October 7, 2026, 7:36 PM

Goldman Sachs predicts Nigeria could reach a $3.4 trillion GDP by 2050, a move that would shake up Africa's economic order.

Economy

Emerging market assets slide as oil jumps and central banks shift course

October 7, 2026, 5:18 PM

Emerging-market assets are falling. Investors are reacting to higher oil prices and mixed signals from central banks. Inflation and debt risks are back in focus.