Oil prices are set to close this week below $110 per barrel, marking a week of extreme volatility as Brent’s June contract hit $126 per barrel on Thursday. Iran’s latest proposal for negotiations, sent to the Trump administration via Pakistani mediators, has been the main cause for bearishness.
Juba, South Sudan// — The Ministry of Petroleum of the Republic of South Sudan (https://MOP.Gov.SS) announces that it has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3.
Oil markets are absorbing a structural shock following the United Arab Emirates’ decision to exit OPEC after six decades, a break that strikes at the cohesion of a group long relied upon to shape global supply and pricing, affirms the CEO of one of the world’s largest independent financial advisory organisations.
Ghana’s Energy and Green Transition Minister, John Abdulai Jinapor, has announced the full restoration of all power generation units following a major system disruption that affected electricity supply across parts of the country.
Accra, Ghana//-The World Liquid Gas Association (WLGA) warned that, if the ongoing Middle East crisis, which has now become a global nightmare if it drags on, the global price of liquefied petroleum gas (LPG) will spike and that African markets will get priced out by markets in Europe and Asia.
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group (Group), announced its Full Year Results for the year ended 31 December 2025.
Brent futures are back above $110 per barrel as industry voices are increasingly warning of the US-Iran war degenerating into a ‘forever’ conflict.
Global markets remain fixated on disruption in the Strait of Hormuz. That focus is understandable, but it risks missing a more consequential vulnerability now coming into view, warns Nigel Green, CEO of financial advisory giant deVere Group.
Tullow Oil plc has announced the successful completion of the refinancing transaction.
Ghana’s Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced a significant milestone in the recovery of the national power grid, confirming that two major generating units at Akosombo are now back in operation following a devastating substation fire.
