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US diesel price hits new high

WASHINGTON: The price of diesel — the vital fuel used for road hauling, agriculture and construction — hit a new record Friday in the United States, as disruption from the US war with Iran squeezes…

Oando: Unlocking Billion Barrels of Opportunity

EDGY OPTIMIST By Obinna Chima Renaissance Capital Africa recently initiated coverage of Oando Plc with the argument that the market is valuing the company on the weight of its debts

  • Oando Plc holds 920 million barrels of oil equivalent reserves, primarily gas.
  • Renaissance Capital values Oando at N1.53 trillion, far above current N320 billion market cap.
  • Company's production expected to increase 4.5 times by 2030, stabilizing against commodity cycles.

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