What repercussions are the pandemic, low commodities prices and global recession already having on oil demand in Sub-Saharan Africa?
CITAC has selected Kpler, the leading provider of data-driven transparency solutions for commodity markets, as its exclusive provider for cargo-tracking data.
LPG consumption in SSA has experienced tremendous growth over the past 10 years, averaging a compound annual growth rate of 9.6%. Consumption has more than doubled since 2010, reaching 4.0mn mt in 2019.
Crude trading in West Africa has been battered over the past five years by shifts in trade patterns, low oil prices and now by rapidly changing relative values for crudes as new IMO rules for bunker fuels loom.
The end of the mass-sale of the majors’ assets left space for smaller players and adjustments only. But fast-growing markets, driven by demand for transport fuels, vehicle fleet growth and population and urbanisation trends, opened opportunities for organic and small-scale inorganic (i.e. via acquisitions) growth of existing players and new entrants.
The authoritative reference publication on the refining industry in Africa
Across the globe, environmental issues are increasingly becoming the focus of civil society, companies and governments. In Africa, most of the discussions and progress have concentrated on changing specifications, particularly sulphur limits in gasoline and gasoil.
More than 500 delegates, from 123 companies, representing 48 countries, contributed to the success of this event.
The international crude oil market has suddenly become volatile than at any time in the past five years.