Motoni Olodun

:** Oil prices fall as the dollar strengthens following critical remarks from former President Trump, reflecting market reactions to geopolitical uncertainties.

South Africa is set to establish a R10 billion-a-year gas company to ensure energy supply security, reduce dependency on imports, and support economic growth, with extensive infrastructure development planned to …

Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.

Oil prices rebound with U.S. crude stockpiles dropping and interest rate cut prospects improving, signaling potential economic growth and increased demand for oil.

South Africa’s oil refineries urgently need ZAR 40 billion in investment to meet new clean fuel standards by 2026, according to SAPIA.

Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.

Global oil prices surge for the fourth straight week, driven by OPEC+ production cuts, geopolitical tensions, and robust demand, reaching new highs.

Nigerian Discos have increased the Band A electricity tariff due to rising operating costs, sparking concerns among consumers and highlighting ongoing sector challenges.

Namibia’s Ministry of Mines and Energy announces significant fuel price reductions for July, aiming to provide economic relief and boost growth amid rising costs.

Angola’s economy is experiencing a boost from increased oil revenue, raising hopes for sustained growth as the government focuses on infrastructure, healthcare, and education.