Brent Crude Climbs More Than 4% as Washington and Tehran Clash Over Control of Critical Waterway
Oil prices surged on Monday after the United States and Iran traded attacks in an…
Strait of Hormuz
Egypt’s Pound Becomes World’s Best-Performing Currency as Oil Prices Collapse
The currency has appreciated more than 7% against the dollar since early May after the…
Africa Still Needs US Fuel Despite Dangote Refinery as Regional Deficit Persists
African countries are increasing diesel and gasoline imports from the United States due to Middle…
Oil Prices Surge Past $93 as Israel Strikes Lebanon, Threatening Strait of Hormuz Flows
Brent crude jumped more than 3% to $96.24 a barrel on Monday after fresh Israeli…
Brent Crude Rises Above $105 as Iran Nuclear Tensions and Strait of Hormuz Concerns Offset Diplomatic Optimism
Brent crude futures climbed above $105 per barrel on Friday as renewed tensions surrounding Iran’s…
Gold Holds Above $4,500 as Iran Tensions Support Safe-Haven Demand While Oil-Driven Inflation Fears Tighten Monetary Policy Expectations
Gold prices stayed above $4,500 per ounce on Friday, holding in a tight range as…
Ghana Cuts Diesel Subsidy to GHS1.07 per Litre, Ends Petrol Support as Fuel Prices Set to Rise Across Board
The Government of Ghana has revised its fuel price intervention programme, reducing diesel support from…
Africa’s Oil Giants Angola, Nigeria and Algeria Stand Ready as Aramco Warns of 100 Million Barrel Weekly Loss From Hormuz Closure
Saudi Aramco’s CEO Amin Nasser has issued a stark warning: the oil market will lose…
Brent Surges Past $120 as US Prepares Extended Iran Blockade, Signaling Prolonged Energy Crisis
A Market on Edge Oil markets have snapped back into crisis mode. Global benchmark Brent…
UAE Withdraws From OPEC and OPEC+ Effective May 1, Reshaping Oil Alliance Amid Gulf Tensions
The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries and…