Energy
Oil, gas and energy derivatives updates.
China, Namibia deepen investment ties through energy and critical minerals partnership
China and Namibia have strengthened their economic relationship by signing multiple cooperation agreements spanning energy, infrastructure, agriculture and critical minerals. The partnership aligns with Namibia's long-term strategy to diversify its economy while reinforcing China's access to strategic resources essential for the global energy transition.
US fuel prices surge as Iran war sends oil above $90
U.S. gasoline and diesel prices are climbing rapidly after oil surged above $90 a barrel amid escalating geopolitical tensions involving Iran. Analysts warn the supply shock could push pump prices higher in the coming weeks, adding inflationary pressure across the U.S. economy.
Dangote Refinery reaches 650,000 bpd capacity, reshaping Nigeria’s FX and energy markets
The Dangote Petroleum Refinery has achieved full 650,000 barrels-per-day capacity following the optimisation of its core processing units. The milestone is already influencing Nigeria’s fuel import dynamics, foreign exchange flows, and investor sentiment around the naira.
Morocco to launch $5.6 billion Nador West Med Port with first LNG Terminal
Morocco is set to open the $5.6 billion Nador West Med port in the fourth quarter of the year, a strategic project designed to boost trade capacity, attract industrial investment, and strengthen national energy security through the country’s first LNG terminal.
Africa’s Top Oil Producers in 2025: Output Rankings and Proven Reserves compared
Africa’s oil power is shaped not just by barrels pumped each day, but by billions of barrels still underground. Here’s how the continent’s top producers truly compare.
Oil prices slip after U.S. captures Venezuela’s President Maduro
Crude prices edged lower as markets weighed the impact of dramatic political developments in Venezuela, where U.S. intervention could eventually unlock some of the world’s largest oil reserves and reshape global supply dynamics.