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South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum

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South Sudan has asked immediate neighbor Khartoum to lift the lease of crude oil transportation facilities and cost due to danger posted by current market prices. South Sudanese…

Kenyatta wants Plan to transport Crude Oil by road Finalized by end of January, Oil expected at Port by September 2016

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Kenya President Uhuru Kenyatta has given a ‘State House team’ until the end of January to work out on the logistics of transporting the crude oil from the…

Kenya in preparation to see crude sales in 2016 as Uganda remains uncertain

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Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According…

French Oil Firm Total Attacks Ugandan Tax Using Investor-State Dispute Settlement (ISDS)

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By Edward Ronald Segyawa and Frank Mulder…. The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year…

The ‘not so good’ awaiting Nigeria Oil industry amid the threat of falling prices in 2016

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This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil. This is especially true for Nigeria, where¬†there’s a possibility…

OPEC says Oil prices will recover by 2020

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By agencies… Oil producers’ group Opec has said it expects oil prices to recover to $70 a barrel by 2020. Prices have fallen from more than $110 a…

Here is why market analyst Goldman Sachs says Oil prices may fall to $20 per barrel in 2016

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Agencies… American market analyst Goldman Sachs sees further weakness for oil due to the worsening of already weak fundamentals after OPEC held back from cutting production at its…

Crude Oil price shocks the world, trades below $35 per barrel in New York

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By agencies… Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation…

Crude Oil Prices are likely to fall below $40 in 2016 says Market analysts

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Agencies… As crude oil prices continue their dramatic decline after a refusal by the Organization of Petroleum Exporting Countries (OPEC) to cut production, the key question now is,…

All Not well in Norway’s Oil Town as the ‘low price effect’ hits harder

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By AFP… Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway’s oil…