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Kenyan President in Algeria to foster co-operation between the two countries

President Uhuru Kenyatta is in Algeria in a move that will see various bilateral agreements signed as well as cooperation…

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East African countries could lose out on low oil prices – Deloitte

East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new…

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Most developing countries will benefit from oil price slump – World Bank

Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World…

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Horizons 2015: What to look for in the year ahead

[twitter-follow screen_name=’oilnewskenya’] Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and…

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Analyst predict flat growth outlook for oil and gas industry in 2015

[twitter-follow screen_name=’oilnewskenya’] A new global oil and gas outlook by Moody’s has projected that the industry will witness a flat…

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Mobilizing Finance for Energy Development in Africa

[twitter-follow screen_name=’oilnewskenya’] Story by Oil Council Many economies on the African continent are undergoing a transformative expansion. Recent oil and…

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Libya oil output at 224,000 bpd, exports 130,000 bpd-govt

Courtesy: Reuters Libya currently produces around 224,000 barrels per day (bpd) of oil, almost half of which is used to…