Iran declares regional oil export ban amid US strikes.
The Iranian military has vowed to prevent crude products from being transported out of the Persian Gulf, citing the resumed airstrikes by […]
Africa’s largest oil refinery switches to the dollar for its new pricing system.
The transition terminates the refinery’s usage of naira for refined product sales, which was implemented as part of the Federal Government’s naira-for-crude […]
Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade
Iran is estimated to have sneaked supertankers with a total of 12 million barrels of crude oil in the week between the […]
Africa’s richest man plans new Mombasa oil refinery: Why this matters.
After successfully launching Nigeria’s only operational oil refinery in 2024, billionaire businessman Aliko Dangote has set his sights on East Africa as […]
Iran closes Strait of Hormuz, launches fresh strikes on US bases in Middle East.
The Islamic Revolutionary Guard Corps (IRGC) said the vessel was struck with warning fire and stopped after ignoring repeated instructions. The US […]
India Expands Strategic Oil Reserves With New ONGC Storage Plan.
India’s ONGC plans to build up a strategic national reserve of crude totalling 1.75 million tons, or 12.8 million barrels. The company […]
Shell wraps up Namibia drilling as Africa’s newest oil hotspot enters a decisive phase.
The energy major’s Deepsea Mira semi-submersible rig completed its contract on July 2 after beginning operations in April, with owner Northern Ocean […]
ECOWAS bank plans to double assets to $4.4 billion to help close West Africa’s $36 billion infrastructure financing gap
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to $4.4 billion over the next five years […]
ExxonMobil returns to Africa’s biggest oil producer with $1billion bet after nearly a decade
The U.S. oil major, through its Nigerian affiliate Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced work on the Usan […]
63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver
Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver […]
Washington’s Plan to Neutralize Iran’s Hormuz Leverage
For decades, Iran has relied on the Strait of Hormuz as its most effective geopolitical weapon — a crucial energy chokepoint through […]
Mubadala opens $25bn private credit portfolio to outside investors.
Abu Dhabi’s Mubadala Investment Company is transferring its $25bn (£18.7bn) credit portfolio to its alternative asset management arm, Mubadala Capital, giving pension […]