oil

The Democratic Republic of Congo is a country rich in natural resources, especially minerals. But it also has significant oil reserves, which the government is eager to exploit. The central …

Exxon Mobil Corp., the largest U.S. oil company, has decided to end its 30-year presence in Equatorial Guinea, one of Africa’s smallest but richest nations. The move marks a dramatic …

Libya’s oil and gas sector, the main source of income for the war-torn country, is facing a new challenge from protesters who are demanding better services and accountability from the …

Angola, one of Africa’s largest oil producers, has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) after a dispute over its output quota. The move could …

The US has announced a major easing of sanctions on Venezuela’s oil sector, following a historic agreement between the government and the opposition to hold free and fair elections in …

Nigeria, Africa’s largest economy, has announced a proposed budget of N26 trillion ($34 billion) for the 2024 fiscal year, a 19% increase from the current budget of N21.8 trillion. The …