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Africa Commodity News, Analysis, and Prices

For up-to-the-minute Africa news and prices

For over 100 years Platts has been at the forefront of pricing and news in the energy markets. Today, we publish the essential information that you need to navigate the rapidly evolving commodity markets that Africa plays a key part in. Here you will find a focal point for all our existing benchmark services covering this vibrant region - from explaining the unique Platts pricing methodologies to showcasing the news, analysis and prices moving markets such as oil, petrochemicals, agriculture, and metals.

News Features

Analysis: US avoids direct Russia confrontation with Syria airstrikes, lowering oil price risk

April 14, 2018

The US' declaration that the overnight missile strikes against Syria would be limited and a "one-time shot" may tamp down some of the risk to oil prices spiking when markets open Monday.

Factbox: Syrian crisis shines spotlight on Russian energy in Europe

April 14, 2018

The risk of a direct military confrontation between the US and Russia over Syria has raised energy security concerns in Europe. Oil prices touched three-and-half year highs above $72 b/d after US President Donald Trump signaled a possible military response to alleged chemical weapons attacks near Damascus.

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Latest Africa News

High prices undermining West African bunker fuel demand: sources

London (Platts)--19 Apr 2018 939 am EDT/1339 GMT

Bunker fuel demand at West African ports such as Lome and Dakar has been waning over recent months due mainly to high prices, sources said.

First LNG cargo from Cameroon's floating LNG plant faces delay to month-end

London (Platts)--16 Apr 2018 927 am EDT/1327 GMT

The first cargo of LNG from Cameroon's floating LNG project could be delayed until the end of April after the timetable for the maiden delivery was pushed back, a spokesman for project partner Perenco said Monday.

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Podcasts

OPEC rejects Trump's claims of oil price fixing; consensus emerging to extend cuts

April 23, 2018-S&P Global Platts senior oil writer Herman Wang recaps the OPEC Joint Ministerial Monitoring Committee meeting held April 20; and the reaction to US President Donald Trumps's social media comment which livened up what had been a fairly uneventful affair.

Will there be enough nickel to support the EV hype?

April 03, 2018-S&P Global Platts editors discuss whether the EV revolution could be halted by a supply shortage of nickel; and the implications for battery metals, such as cobalt and lithium.

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The Barrel blog

The dry bulk freight market: Just treading water?

April 20, 2018

A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016.

CERAWeek: As OPEC waits for appreciation, US ramps up oil production

March 09, 2018

OPEC ministers came to Houston this week for a “thank you” that never arrived. Since OPEC and non-OPEC producers reached their historic supply cut agreement in December 2016, global oil prices have stabilized above $60/b and supply and demand are nearing the ever-elusive balance.

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View from the Top

View from the Top: An interview with Spencer Dale

April 23, 2018

Spencer Dale, chief economist at BP, talks on the dangers of high oil prices, peak oil demand, the exposure of the US shale sector to rising interest rates, the outlook for natural gas, Asian demand, and the future for oil majors in a fast-changing energy landscape.

What is the state of play for Africa's refining industry?

March 09, 2018

S&P Global Platts oil editors discuss the state of play for the African refining industry amid the ongoing quest for lower sulfur fuels. This is ahead of the Africa Refiners Association Annual General Meeting in Cape Town, March 12-14.

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