Category: Oil & Gas

As governments move quickly to shield people and businesses from the energy shock caused by the war in the Middle East, early evidence suggests many countries are resorting to untargeted and potentially expensive policies amid tight budgets.

Cape Town, South Africa// — The World Bank Group and the African Development Bank Group (www.AfDB.org) announced today that Mission 300 has connected over 50 million people to electricity across 40 countries — a major milestone toward the initiative’s goal of reaching an additional 300 million people by 2030.

Cape Town, South Africa// – AXIAN Energy, the energy division of the AXIAN Group, and Mauritius Commercial Bank (MCB), one of the leading financial institutions in the Indian Ocean region, announce the signing of a $60 million financing facility.

Even if the Strait of Hormuz opens on Friday, as Trump says, following a peace deal, normal transit levels will take months to resume, meaning the war will hang over inflation, monetary policy and asset prices.

In a particularly volatile trading week, the allocation of roles between Iran and the United States seemed to have switched constantly. If an impending deal was announced by US President Trump,

The Board of Directors of Seplat Energy has announced Tony Elumelu as the next Chairman of the company.

The sudden escalation in Israeli and Iranian missile attacks and the subsequent Trump-brokered (temporary) cessation of hostilities has prevented another breakout in crude prices, with ICE Brent continuing to linger around $92 per barrel.

Argentina// — The world does not have an energy problem. It has an energy supply problem. As demand rises, populations grow, and billions of people continue to live without reliable access to electricity and clean cooking technologies, the case for producing more energy has never been stronger.

This week’s strikes on Kuwait and the Friday morning attack on Oman have dented hopes for a de-escalation between the US and Iran following the much-publicised Israel-Lebanon ceasefire. Whilst Oman’s main port is reportedly up and running again, capping ICE Brent around the $95 per barrel mark, most global crude benchmarks will post weekly gains […]

Would there be a US-Iran ceasefire extension or not? This very banal question seems to be resonating ever more strongly across the oil markets, as Iran’s rejection of any communication with the Trump administration on Monday gave way to another spark of hope on Tuesday.