Category: Oil & Gas

Refined products have been the main driver of rising oil prices, particularly diesel, as the outlook for global middle distillate supply continues to deteriorate into late 2026.

Accra, Ghana – PETROSOL Platinum Energy PLC, a leading Oil Marketing Company, has held a national engagement session with its dealers and business partners in Kumasi, the Ashanti regional capital, to drive service excellence and business growth.

Lake Albertine Graben, Uganda// – Uganda today gave its emerging oil industry a global commercial identity as President Yoweri Kaguta Museveni officially unveiled Pearl Sweet, the name under which the country’s export crude blend will be introduced to international energy markets.

Accra, Ghana//-President John Dramani Mahama has dissolved the governing boards of nine state institutions with immediate effect.

The first exchange of direct US-Iran attacks in a month has reignited fears that conflict in the Middle East might well last into 2027, with US President Trump threatening further strikes after it attacked Larak Island.

The Chamber of Oil Marketing Companies has released its Outlook Report on the expected price movements for the various petroleum products from September 1 to 16, 2026.

For much of the past decade, digital transformation in upstream oil and gas has delivered real but uneven results. Efficiency has improved, operations are safer, and data infrastructure is more mature.

The US announcement of ‘toughest sanctions in history’ against Iran did relatively little to push oil prices away from their comfort zone around $90 per barrel (for ICE Brent), with Qatari and Pakistani mediation so far failing to bring the warring sides closer.

 South Africa// — As global energy prices face sustained volatility and imported fuel costs increase, African governments are looking more closely at domestic coal resources to stabilise electricity supply and protect industrial competitiveness.

The Trump administration is ratcheting up sanctions pressure on Iran, threatening to sanction all commercial partners of Tehran in case they don’t wind down trade (without specifying the timelines for doing so).