ANZ Raises Brent Forecast to $90 as Hormuz Blockade Removes 10 Million Bpd.
Brent crude prices will remain above $90 per barrel through the end of this year as the war continues to cut off […]
$1 billion exit: Shell to hand 10% of South African fuel market to UAE’s state oil company.
The deal, valued at approximately $1 billion, marks the end of an era for Shell, which has maintained a presence in the country […]
TotalEnergies Strikes Oil and Gas at Congo’s Moho License.
TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic of Congo, the French supermajor said on […]
How the Iran War Is Disrupting Gulf Economies: 5 Key Effects.
On Wednesday, the United States and Iran agreed to a two-week ceasefire, pausing the 42-day military campaign by the U.S. and Israel […]
Oil price dips below $100 a barrel after Trump claims Iran wants deal.
Oil prices have fallen back after briefly rising to above $100 a barrel as Donald Trump claimed Iran had made contact and […]
Dollar gains as U.S. blockades Iran ports after failure of peace talks.
The dollar climbed on Monday after peace talks between the U.S. and Iran broke down and as the U.S. Navy began to blockade Iranian ports, while the Hungarian forint rallied […]
Saudi Arabia says key pipeline, energy facilities restored after attacks.
Saudi Arabia’s Energy Ministry said on Sunday that its key East-West oil pipeline and other facilities had been restored and regained capacity following […]
JP Morgan Warns Oil Could Hit $120 if Hormuz Stalemate Drags Into July.
Oil prices could spike and hit again their peak Iran-war levels at nearly $120 per barrel if a full recovery of vessel traffic […]
Global gold accumulation hits about $2 billion as African central banks join buying wave.
The uptick marks a rebound from January’s slowdown and reflects a sustained push toward reserve diversification. Global gold demand from central banks remains […]
Egypt and Russia race to build a $30 billion nuclear project.
During a meeting between Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Nikolai Shulginov, Chairman of the Russian Duma Committee […]
China’s Teapot Refiners Rush to Secure Iranian Crude as Oil Prices Slide.
China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and […]
US oil giant nears a $10 billion investment decision with Africa’s largest oil producer.
The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and […]