Business Africa
Analyst warn of world oil shortages and price hikes due to rising demands.
As oil-producing countries have been urged to respect the global agreement on reducing the production of black gold, many experts are warning against an increase in the price per barrel. A production shortfall in the foreseeable future could therefore benefit the producing countries, but could also cause an oil shortage throughout the world.
And then Africa’s hydrocarbon industry is expected to boom within the next 5 years, according to the 2020 report of the African Energy Chamber. Watch video and follow the conversation.
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Angolan president holds security talks with his DRC counterpart
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French court dismisses case against TotalEnergies E. Africa oil project
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Construction underway on east Africa crude oil pipeline project
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French President to tour four central Africa nations
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Pics of the day: February 08, 2023