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.
For a decade, the Tema Oil Refinery (TOR) stood not as a beacon of industrial sovereignty, but as a monument to institutional decay, a vast, silent engine of debt buried beneath the suffocating dust of unaccountability.
ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a 60-day extension of the current ceasefire and a temporary Hormuz navigation deal as close to being a done deal.
Oil markets are rapidly pricing in the idea that the worst of the Iran crisis may soon be over, but investors may be moving ahead of reality, warns Nigel Green, CEO of global financial advisory giant deVere Group.
Argentina// — Africa’s energy sector is entering a different phase of capital formation. For the past two decades, the focus has been on attracting international investment into the continent’s upstream oil and gas projects.
In a week of contradicting narratives, the largest-ever US inventory drawdown sparked only a minor bullish moment as media reports of some form of negotiations between the US and Iran continue to resonate.
When global energy prices spike, governments face an unenviable dilemma: shield people and businesses while straining already reduced room in public budgets—or let prices rise for everyone and risk social and political backlash. So, how can policymakers do the best of both?
The noise around an imminent resumption of hostilities between the US and Iran has eased somewhat after US President Trump tweeted that his administration would ‘hold off’ on a planned military attack.
South Africa// — Each year, the African Energy Industry’s “African Energy Person of the Year” award celebrates individuals who have positively influenced Africa’s energy sector by facilitating projects that strengthen energy security, African development, energy additions, free markets, limited government, economic resilience, the prosperity of families, local content and improving African energy infrastructure.
