s oil production cuts will end up protecting revenue in Lesotho

While everyone, including geologists, confirm to the existence of oil in Lesotho the question is, is there enough oil for commercial exploration? theReporter met up with Seeta

On the opposite end, the significant economic contraction in Equatorial Guinea is a result of a decline in oil production. Meanwhile, South Africa’s growth is projected to decelerate sharply to

Lesotho’s textile industry has long depended on duty-free access to US markets, which make up 47% of its shipments, valued at over $200-million annually, and account for

There is a real concern that those days could come back quickly and the government is doing what it can to forestall that possibility. What do you expect will happen in Lesotho as a result of these policy changes by the U.S.?

The Revenue Services Lesotho (RSL), in collaboration with Nedbank Lesotho, hosted a prestigious Post-Budget Speech Gala Dinner, providing a platform for stakeholders to analyze, reflect, and collaborate on

Tariffs and USAID cuts threaten Lesotho’s economy and HIV progress. Experts warn of job losses, rising deaths, and growing ties with China.

US tariffs of up to 50% on textile exports could lead to factory closures and a loss of R1-billion in exports for the small, landlocked country. Lesotho is facing economic and public health crises

Following a decade of low and unstable growth, Lesotho has a unique opportunity to build a new foundation for robust and inclusive development. As real GDP growth pivoted .

The group was expected to increase production by 180,000 barrels daily from December. The reduction in oil supply by major producers supported prices upwards.

Relatively large production cuts by OPEC+ have supported crude oil prices and spurred production among non-OPEC+ sources, including U.S. producers. Increased production would normally result in more cash from operations, but substantially lower natural gas prices likely hampered revenue for these companies.

Illinois professor Charles Fogelman describes how the tiny African country of Lesotho will likely experience the dual blows of ever-changing tariff announcements and the cessation of USAID funding.

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower prices.

Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2025. The move comes ahead of European

Latest news and information from the World Bank and its development work in Lesotho. Access Lesotho’s economy facts, statistics, project information, development research from experts and latest news.

Aid cuts have hit Lesotho’s health sector hard. The sudden termination of US aid programs has resulted in the loss of about 1,500 healthcare jobs, according to the report, and has severely undermined efforts in prevention, treatment, and outreach for HIV.

U.S. shale oil producers face their most serious crisis since the pandemic, as the oil price selloff triggered in part by President Trump's trade war has pushed some to the brink of failure.

Alternative Energy Sources: High oil prices can accelerate interest and investment in alternative energy sources, potentially speeding up the transition toward renewable energy. Oil companies worldwide must adapt to

The cuts would be more than twice those made by the cartel during the global financial crisis. Opec officials added that the cuts could end up being much greater, at around a fifth of global supply.

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation's position as the world's largest fossil fuel producer and

A cut in oil production by OPEC nations has stirred the political waters in the West and is expected to lead to higher gasoline prices. OPEC+ agreed to cuts of 2 million barrels per day (bpd) on Wednesday at a meeting