Oil remains a key resource for economies globally, particularly in Africa, where several countries depend on it for revenue ...

Many African countries depend on oil for economic growth, energy generation, and revenue collection, making it a crucial ...

According to the OPEC report, these are the Top 5 African countries that produced the most oil in January 2025 ...

The continent’s vast oil reserves have attracted significant foreign investment, generated employment opportunities, and boosted government revenues. Algeria, with its substantial reserves, is another ...

ALGIERS - Algeria signed an agreement with US energy ... with France's Total and Italy's ENI to assess potential offshore oil reserves.

Oil prices climbed on Tuesday morning following a drone attack on a key Russian pipeline, but the potential of Russian crude ...

According to the oil cartel's direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.

Similarly, Algeria, a key exporter of both oil and gas, has substantial reserves of 12.2 billion barrels, ranking 15th globally. These reserves play a significant role in Algeria's economy ...

Vicki Hollub; President and Chief Executive Officer; Occidental Petroleum Corp Sunil Mathew; Senior Vice President and Chief Financial Officer; Occidental Petroleum Corp Kenneth Dillon; Senior Vice ...

The economic expansion is expected to be driven by a gradual recovery in oil production and robust non-oil sector growth ...