Saturday, August 24, 2013

African oil: new producers, new data

FT beyondbrics: Africa’s extractive industry has its fair share of challenges, but that hasn’t stopped the oil industry from charging ahead. Alongside traditional suppliers Angola and Nigeria, countries like Ghana and Equatorial Guinea are rapidly boosting their output. The continent holds 12 per cent of the world’s crude oil reserves.

It’s also means analysts and data providers need to catch up. Last week global energy data supplier Platts announced it is expanding its portfolio of African oil coverage, publishing daily price assessments for five West African grades of crude oil...

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