Ikeoluwa Juliana Ogungbangbe

Oil prices jumped nearly 2% on Thursday as rising tensions between Russia and Ukraine spurred concerns about global crude supply disruptions

OPEC+ prepares for December talks with limited options, weak demand, and internal conflicts over oil production and quota increases

Fluctuating oil prices disrupt African economies, creating challenges for exporters and importers. Learn the impact and strategies for resilience

Russian gas flows to Austria remain uninterrupted despite Gazprom cutting OMV’s supplies over a contractual dispute, as Europe adjusts to shifting dynamics

Russia halts gas supplies to Austria over a pricing dispute, with redirected volumes snapped up by European buyers amid market strains and colder weather

Russia stopped gas deliveries to Austria over a payment dispute as OMV offsets €230 million arbitration damages. EU energy shifts continue

The IEA predicts a surplus in global oil supply by 2025, driven by rising production from non-OPEC+ nations and slowing demand growth in China

Oil prices edge up following OPEC demand forecast revision, with dollar gains and geopolitical tensions limiting market recovery

Nigeria’s removal of fuel subsidies raises fuel costs, sparking public protests and challenges for policymakers

South Africa spent R17 billion on renewable energy imports in 2024, pushing for local manufacturing to support jobs and reduce costs