Category: Oil & Gas

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).

Windhoek, Namibia// — The 4th Namibia Oil and Gas Conference and Exhibition (NOGC) 2026 concluded in Windhoek with a clear message.

Accra, Ghana//-PETROSOL Platinum Energy PLC, a leading ISO-certified indigenous oil marketing company (OMC), today became the first OMC to list a corporate bond on the Ghana Fixed Income Market (GFIM), the secondary market of the Ghana Stock Exchange (GSE).

Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopolitical risk premia in the markets.

Trump’s threats to bomb Oman and his Tuesday Truth Social post acknowledging that there are no talks scheduled between the US and Iran have lifted oil prices again, with ICE Brent now trading at $91 per barrel.