In the News

OPEC’s oil output hit its lowest level in 2024 due to disruptions in Libya and Iraq’s compliance efforts, impacting global oil supply dynamics.

Eskom’s proposed tariff hikes are under review, with South Africa’s electricity minister labeling them “untenable” and the government exploring reduction mechanisms to alleviate the financial burden on consumers

KEY POINTS Oil-producing nations in Africa have raised 45% of the initial $5 billion in seed capital for the planned Africa Energy Bank, which will fund oil projects on the …

The US government is investing $1.5 billion to fund four power grid projects aimed at increasing resilience and clean energy integration across multiple regions.  

TotalEnergies outlines growth strategy, boosts dividends, and plans significant buybacks while focusing on upstream projects and LNG expansion through 2030

Oil prices surged as violence in the Middle East escalated, raising concerns about supply disruptions, though a stable global outlook has kept gains in check.

OPEC+ has decided to maintain its output policy, with an increase planned in December. Emphasis remains on ensuring compliance from member nations.

Shares of U.S. energy companies surged Wednesday as oil prices rose 3 percent following increased tensions in the Middle East, affecting market stability.

TotalEnergies CEO Patrick Pouyanné discusses maintaining resilient returns through low-cost oil projects amid challenges, including falling crude prices and stalled LNG ventures