In the News

India’s Reliance Industries secures a crude-for-naphtha swap deal with Venezuela after receiving U.S. approval to resume oil trade, navigating sanctions and global oil market challenges.

Oil prices are on track for a 3% weekly gain, driven by escalating Middle East tensions and positive U.S. economic data. The market remains volatile amid ongoing geopolitical risks.

Nigeria spends $600 million monthly on fuel imports. Finance Minister Wale Edun denies seeking Central Bank loans and discusses steps to combat inflation and stabilize the economy.

Cameroon aims to develop 4GW of renewable energy by 2035, addressing its power needs and promoting sustainable development.

The South African government allocates $613 million in grants to support projects under its Just Energy Transition plan, focusing on renewable energy and community development

The EPA has launched investigations into biofuel producers over concerns of fraudulent feedstocks like used cooking oil, aiming to ensure sustainability and compliance with environmental standards.

U.S. natural gas producers plan strategic production cuts amid falling prices, with major companies like EQT and Apache adjusting their output to balance supply and demand.

Cameroon plans to develop 4GW of renewable energy by 2035, including solar, wind, and hydropower projects to address critical power needs.

Zambia tackles its energy crisis with imports, net metering, and renewable energy initiatives.

South Africa’s R390 billion grid backlog demands dedicated funding for NTCSA to modernize infrastructure and ensure reliable electricity for economic growth.