Hedge funds, banks, and tech-driven trading firms are looking to grab a greater share of the profits available in energy and commodities markets. A significant majority of traders (67%) expect the number of new market entrants to increase by up to 50% over the next 24 months, and 32% predict that it could rise by […]
Cape Town, South Africa, July 14, 2025/ — South Africa’s Ministry of Mineral and Petroleum Resources has introduced four key policy changes aimed at strengthening the competitiveness of the country’s mining and petroleum industries.
Accra, Ghana// — Ghana’s President John Dramani Mahama has assured members of the Public Interest and Accountability Committee (PIAC) that oil revenues earmarked for his proposed $10 billion “Big Push” infrastructure initiative will be efficiently disbursed and managed.
Oil prices are set for a marginal weekly gain after the commodity markets’ worst-case scenario – US President Trump announcing tariffs on most of the world – was temporarily averted, with the White House postponing the decision-making deadline to August.
The Ministry of Energy and Green Transition has announced the formal Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries within the Cape Three Points Block 4 (CTP-B4), marking a significant step in Ghana’s upstream petroleum sector.
Trading activity was thin towards the end of this week as the United States celebrates Independence Day, with a record-breaking 72 million people travelling, but both ICE Brent and WTI edged slightly lower on expectations of OPEC+ hiking production targets again in August.
With Israel-Iran no longer being the main talking points of markets, the focus is now back on OPEC+ as the oil group meets this weekend to discuss further production moves in what seems to be another step in Saudi Arabia’s master plan to get rid of the 2.2 million b/d voluntary cut system.
Muscat, Oman //- – As part of its ongoing efforts to build impactful partnerships and strengthen engagement with diverse customer segments, Oman Oil Marketing Company has signed a collaboration agreement with One More Drive Group. The signing ceremony took place on 23 June 2025 at the Oman Oil Airport Heights Service Station in Muscat.
The Israel-Iran ceasefire and the lack of subsequent retaliatory attacks have drained oil markets of the elevated geopolitical risk that saw Brent near $80 per barrel last week, only to post a $9 per barrel week-on-week drop and trade around $68 per barrel on Friday.
The unpredictable nature of the Israel-Iran conflict has seen Brent bounce in a wide range of $70.56 to $79.04 per barrel this week, set for a slightly bearish closing around $77 per barrel after the Trump administration pushed out the timeline of its potential involvement in the Gulf.
