Oil prices surge as investors anticipate potential US interest rate cuts, sparking optimism about economic growth and increased demand for oil.
In the News
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Seriti Resources progresses its Mpumalanga wind energy project, underscoring its commitment to renewable energy and transformation into a diversified energy company.
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The Trans Mountain pipeline expansion has begun, but Canadian crude exports from the U.S. Gulf Coast remain steady, showing only a slight decline in June.
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Seriti Green is progressing Mpumalanga’s first black-owned wind farm, advancing South Africa’s renewable energy goals with the Ummbila Emoyeni project.
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Engie begins construction on the 75 MW Grootspruit solar PV plant, a key project for South Africa’s renewable energy efforts.
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Kenya will build a 42.5MW floating solar plant to boost renewable energy and reduce electricity costs.
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Eskom objects to new trading licenses in South Africa, citing grid stability concerns. This has sparked a debate about competition and efficiency in the energy market.
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SunPower’s shares plummet 20% after the company halts key operations amid financial challenges, affecting the solar industry and its competitive landscape.
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Freeport LNG faces operational delays and increased tanker wait times following Hurricane Beryl, disrupting U.S. LNG exports and affecting gas markets.
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Cape Town nets R36 million from a successful carbon credit auction, bolstering its sustainability initiatives and climate change mitigation efforts.