By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled nearly 2% higher on Monday, recouping some of last week’s more than 7% decline, with no letup of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region. Brent crude futures were up $1.23, or 1.68%, at $74.29 a …
Oil prices rise nearly 2%, recovers some of last week’s 7% decline Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped against a stronger dollar on Monday, as investor focus shifts towards local inflation figures due later this week. At 1520 GMT, the risk-sensitive rand traded at 17.6425 against the dollar, about 0.3% weaker than its previous close. The dollar index was last up about 0.4% against a basket of …
South African rand slips as investors eye inflation data Read More »
ABUJA (Reuters) -Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, the country’s upstream oil regulator said on Monday. Shell’s asset sale for up to $2.4 billion to Renaissance consortium, comprising five companies, was first announced in January. Exxon’s deal with Seplat Energy …
Nigeria halts Shell asset sale, approves Exxon-Seplat deal Read More »
BENGHAZI (Reuters) – The presidency of Libya’s eastern-based parliament approved on Monday the appointment of a new board of directors of the central bank, after a new governor and his deputy were agreed last month, a parliament spokesman said. Spokesman Abdullah Belhaiq posted the decision on social media platform X. The decision shows that the …
Libya’s eastern parliament approves new central bank board of directors Read More »
ABUJA (Reuters) -Nigeria has approved the sale of Exxon Mobil Corp’s onshore assets to Seplat Energy, the chief executive officer of the country’s upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed. The sale had been under scrutiny as it awaited regulatory approval since it was first …
Nigeria approves Exxon-Seplat deal after more than two years Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – …
As poor nations’ default wave peaks, cash shortage could take its place Read More »
BAMAKO (Reuters) – Mali will pay off 200 billion CFA francs ($332 million) of its internal debt from next week until the end of the year in a bid to ease its debt burden, its economy minister said on state television. The junta-led West African nation’s economy has been rocked by two coups in 2020-2021 …
Mali to pay off $332 million of internal debt, says minister Read More »
CAIRO (Reuters) – Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, Petroleum Minister Karim Badawi said on Sunday, underscoring that natural gas will remain a key part of the country’s energy mix for years. Before hosting the COP27 climate summit in 2022, Egypt pledged to …
Egypt cuts 2040 renewable energy target to 40%, keeps focus on natural gas Read More »
DAKAR (Reuters) – A Delta Airlines Boeing 767 aircraft bound for New York made an emergency stop due to a technical incident at the Blaise Diagne International Airport in Senegal on Saturday, the West African nation’s transport ministry said. The pilot was able to bring the plane, which carried 216 passengers, to a safe stop …
NYC-bound Boeing 767 makes emergency stop during take-off in Senegal Read More »
By Loucoumane Coulibaly ABIDJAN (Reuters) – London-listed Endeavour Mining said on Saturday it had a goal of producing about 200,000 ounces of gold per year from 2025 from its second gold mine in Ivory Coast. Lafigue Mine, inaugurated on Saturday, is located about 500 kilometres (km) northeast of the commercial capital Abidjan, in the Dabakala …
Endeavour Mining targets 200,000 oz/year of gold from Ivory Coast mine Read More »
