Moody’s rating agency has said that prolonged political uncertainty in Algeria will undermine growth prospects and weigh fiscal and international imbalances

As oil prices approach US$70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC

Italian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn

Wale Ajibade, executive director of Sahara Group, said that collaboration between financial institutions, development agencies, trading companies, national oil companies and other stakeholders in Africa would enhance the contribution of intra-Africa solutions to the continent’s trade and project financing challenges