KEY POINTS Oil prices slid for a second straight day as traders braced for another production increase from OPEC+ and the resumption of Kurdish crude exports via Turkey, fueling expectations …
September 2025
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Energy TransitionIn the News
Eskom Chair Vows Inflation-Linked Tariffs as Utility Seeks R112bn Cost Cuts
KEY POINTS South Africa’s state-owned power utility Eskom is shifting its focus from stabilising electricity supply to tackling affordability, with chairperson Mteto Nyati saying future tariff hikes must be brought …
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ExxonMobil’s Darren Woods met Mozambique’s president to seek security assurances before approving a $30 billion gas terminal in Cabo Delgado
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In the NewsOil & Gas
Dangote Refinery, PENGASSAN Talks Collapse After Nine Hours; Talks Resume at 2 p.m
KEY POINTS Nigeria’s attempt to broker peace between the Dangote Petroleum Refinery and one of the country’s most powerful oil unions ended without a deal after nine hours of negotiations, …
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NNPC signed a two-year crude deal with Dangote refinery, allocating 82 million barrels, with 60 percent sold in naira
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KEY POINTS ExxonMobil Corp. Chief Executive Officer Darren Woods pressed Mozambique’s President Daniel Chapo last week for firm guarantees of security before moving ahead with a $30 billion liquefied natural …
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BP greenlights $5 billion Tiber-Guadalupe project in the U.S. Gulf, aiming to boost oil output and cut costs
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PENGASSAN strike halts crude supply, sparking fears of a fuel price hike and nationwide power blackouts
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In the NewsOil & Gas
Nigeria Races to Avert Oil Workers’ Strike as PENGASSAN Clashes With Dangote Refinery
KEY POINTS Nigeria’s federal government is scrambling to head off a looming nationwide strike by senior oil workers after a confrontation between the Petroleum and Natural Gas Senior Staff Association …
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Energy TransitionIn the News
Eni Commits $8 Billion to Egypt’s Energy Push in Five-Year Investment Drive
KEY POINTS Italian energy major Eni SpA has unveiled plans to channel $8 billion into Egypt’s oil and gas sector over the next five years, reaffirming its central role in …