Oil prices dropped 1.5% due to declining Chinese demand and potential easing of Middle East tensions, with Brent and WTI crude ending the week lower.
In the News
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Baker Hughes cuts North American spending outlook due to reduced drilling activity but raises full-year revenue forecasts, banking on robust international growth and gas equipment demand.
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Eskom pushes for regulatory changes to allow multiple suppliers in one area, promoting competition and efficiency in South Africa’s energy sector.
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Golden Arrow secures 120 electric buses from BYD, marking a significant step towards fleet electrification and renewable energy goals in Cape Town.
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Shoprite embraces renewable energy with electricity wheeling at its Brackenfell office, marking progress towards its carbon-neutral goals.
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Despite the rise of renewables, global coal demand remains stable due to surging electricity needs, reports the International Energy Agency (IEA).
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Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.
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Mexico’s incoming President Claudia Sheinbaum is set to confront a significant challenge: fulfilling the dream of energy independence amidst declining domestic crude supply. Despite being a major crude producer, Mexico’s…
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European refiners, including TotalEnergies and Neste, face significant drops in profit margins amid decreasing demand.
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South Africa debates coal and renewable energy in its transition plan. Experts discuss achieving a sustainable future and economic stability.