The World Liquid Gas Association (WLGA) will join the International Energy Agency (IEA) at the jointly hosted LPG Leadership Forum to discuss securing global liquefied petroleum gas (LPG) supplies.
Category: Oil & Gas
Traders Question How Much Iranian Oil Can Really Return to Market
This week’s US-Iran talks, the first organised attempt of the two sides to move beyond the current transitional ceasefire period, have eased the market’s concerns about global supply disruptions, with ICE Brent edging slightly lower to $77-78 per barrel.
The Strait of Hormuz is Reopening, but Global Shipping Won’t Return to Normal for Months
Behrouz Bakhtiari, McMaster University Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative deal, dropping from highs that had pushed gasoline prices toward […]
Why Oil Prices Are Falling Even as Tankers Remain Trapped
The signing of the US-Iran ceasefire agreement might provide a 60-day evacuation window for all crude tankers stuck since March in the Gulf; however, up until now, the pace of outflows has been surprisingly low.
The Energy Shock Is Testing Government Budgets
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.
Under Mission 300, A New Way of Doing Business Connects Over 50 Million People to Electricity Across Africa
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.
AXIAN Energy Secures $60 Million Financing Facility with MCB to Accelerate its Expansion Across Africa
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.
Oil May Start Flowing his week, the Market Fallout Could Last For Months
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.
A War of Words Sends Brent Crude to a Two-Month Low
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,
Tony Elumelu Appointed Chairman of Seplat Energy
The Board of Directors of Seplat Energy has announced Tony Elumelu as the next Chairman of the company.