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Oil falls to nearly $101 ahead of Europe meeting

Oil prices fell to near $101 a barrel on Monday in Asia amid investor concern over the outcome of a meeting between the leaders of Germany and France.
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Iran shrugs off oil export sanctions

An already frail economy will come under more pressure when the EU ban comes into effect.
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Nigeria coast braces for worst oil spill in 13 years

Latest Shell oil spill is comparable to the Exxon Mobil spill of 1998, say authorities as emergency measures are put in place to protect the coast.
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Nigerian activist claims fuel protests scuppered by police

A Nigerian youth leader says armed police officers stopped his group's planned protest in Abuja over a state proposal to remove fuel subsidies.
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Africa's oil producers lay down new rules

African countries made it clear at an oil conference in Accra, Ghana that foreign oil companies would be under mounting pressure.
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Oil rises above $120 on Libya jitters

Oil prices rose above $120 a barrel in London trade on Monday, for the first time in two and a half years, as nerves over the conflict in Libya grew.
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Mthombo: A white elephant in the making

In the face of falling oil supplies and rising prices PertoSA's planned oil refinery will run into trouble.
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Libya rebels defend oil port but beg West for help

Ras Lanuf has done well from Libya's oil boom since Gaddafi nationalised the former Mobil terminal as part of his "people's revolution".
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New-found oil set to change Uganda's economy

Whoever wins this week's presidential election in Uganda will have to manage national reserves of 2,5-billion barrels of oil.
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Ghana to begin pumping its first oil

Ghana starts production on Wednesday from one of the largest recent oil discoveries in West Africa, transforming it into a significant oil-producer.
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Sponsored Press Releases

Business takes slack approach on mobile devices
ITWeb
Ipsos announces Quality Award winners 2012
Ipsos
mapIT supports AVIS Unogwaja Challenge
MapIT
Unshaped ADSL with static IP address
OpenWeb
Agile methodology - how to get more done, with less, for less and still keep everyone happy
DST Global Solutions