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Africa Oil Corp has announced that the company and its joint venture partners have received extensions to their 10BB/13T blocks exploration licences in Kenya to the end of 2021

Although the COVID-19 pandemic has caused producers to slash their output to keep prices at somewhat profitable levels, the year 2021 could offer a window of opportunity, as monthly supply deficits may reach their highest level in years, according to Rystad Energy’s analysis

The travel restrictions that the new strain of COVID-19 has triggered are indeed affecting some oil demand but the news of a final US stimulus agreement are also too significant to brush off, according to Louise Dickson, oil markets analyst at Rystad Energy

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