$100 Oil Could Help Africa Realize Its Hydrocarbon Potential

As the conflict in Ukraine continues, several African states could stand to benefit from rising oil prices as many countries look to develop their burgeoning oil sectors. With Big Oil eying several African countries as potential development areas for low-cost, low-carbon oil, this could be the opportunity they have been waiting for to develop their oil and gas sectors while demand for fossil fuels is still high.  Since Russia invaded Ukraine last week, oil prices have soared reaching levels previously only speculated about, passing the $100…