Pockets of extreme tightness in refined fuel supply are a severe constraint on Asia’s growth outlook, including jet fuel, marine fuel, and petrochemical feedstocks. That will weigh heavily on Asia’s key trade and transport nodes.
Category: Energy
Trump’s Ceasefire Warning Sends Oil Prices Higher Again
Seesawing over the past two weeks, ICE Brent futures are nearing $110 per barrel again, with comments from US President Trump about the ceasefire deal being on ‘life support’ keeping daily gains at 3% so far this week.
From Megawatt (MW) to Gigawatt (GW): Why Africa Must Think in Grid-Scale Power to Compete in the AI Economy
Cape Town, South Africa// — The rapid expansion of artificial intelligence is fundamentally reshaping global energy demand, with implications that extend well beyond traditional power planning.
US Moves to Break Iran’s Chokehold on Hormuz
The fight for the Strait of Hormuz has once again turned kinetic, with U.S. forces seeking to tear open Iran’s chokehold of the waterway, in turn triggering Iranian strikes on ships in the area and UAE infrastructure.
Ghana and Nuclear Energy: The Gap Between Promise and Readiness
Every few years, Ghana reaffirms its commitment to nuclear energy. The intentions and targets are clear. The timelines are always ambitious. And then, almost without notice, the targets shift.
Ghana: OMCs Begin Fuel Price Cuts
Some oil marketing companies (OMCs) have begun reducing fuel prices at the pumps.
IFC, WindForce PLC Partner on Sri Lanka’s First Large‑Scale Solar Project to Lower Power Costs, Strengthen Energy Security
Colombo, Sri Lanka//—The International Finance Corporation (IFC), a member of the World Bank Group, announced a partnership with WindForce PLC to develop Sri Lanka’s first utility‑scale 100‑megawatt (MW) solar power facility, a landmark project that will accelerate the country’s energy transition, strengthen energy security, lower electricity costs and create thousands of jobs.
Oil Rally Stalls as Iran Proposal Triggers Profit-Taking
Oil prices are set to close this week below $110 per barrel, marking a week of extreme volatility as Brent’s June contract hit $126 per barrel on Thursday. Iran’s latest proposal for negotiations, sent to the Trump administration via Pakistani mediators, has been the main cause for bearishness.
South Sudan Declines to Renew Oranto’s License for Block B3
Juba, South Sudan// — The Ministry of Petroleum of the Republic of South Sudan (https://MOP.Gov.SS) announces that it has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3.
UAE OPEC Exit Forces Oil Into Fresh Uncertainty
Oil markets are absorbing a structural shock following the United Arab Emirates’ decision to exit OPEC after six decades, a break that strikes at the cohesion of a group long relied upon to shape global supply and pricing, affirms the CEO of one of the world’s largest independent financial advisory organisations.