Nigeria exports 55.39 million barrels as Dangote refinery faces crude supply shortfall.
Data from the Central Bank of Nigeria showed that exports totalled 31.31 million barrels in January and 24.08 million barrels in February. […]
Trump administration warms to IMF and World Bank, in rare nod to global bodies.
One year after Treasury Secretary Scott Bessent publicly blasted the International Monetary Fund and the World Bank for deviating from their core […]
Middle East Energy Infrastructure Damage Close to $60 Billion.
Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout […]
US set to launch tariff refund system on April 20, totaling US$166b
President Donald Trump’s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 […]
Africa’s copperbelt experiment grows as DR Congo miner boosts US supply deal.
The revised volume is around five times higher than previously disclosed, underscoring the rapid scale-up of a vehicle central to Washington’s broader […]
World shares gain, oil prices capped on hopes for US-Iran peace talks.
World shares gained on Wednesday, edging towards record highs after President Donald Trump said talks with Iran could resume over the next […]
South Korea Locks In 273 Million Barrels of Crude That Won’t Touch Hormuz.
South Korea has secured 273 million barrels of Middle Eastern and Kazakh crude that will not need to transit the Strait of […]
China uses Africa to expand rare earth dominance as US seeks upper hand over key shipping routes, including Strait of Hormuz.
The United States has moved to strengthen its influence over key routes such as the Panama Canal and the Strait of Hormuz, […]
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 […]
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 […]
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 […]
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 […]