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.
In the News
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Shell pauses construction of a major biofuels project in the Netherlands due to weak market conditions. The decision reflects a shift by Shell to prioritize oil and gas production under CEO Wael Sawan. However, Shell maintains its commitment to net-zero emissions by 2050.
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Oil prices rebound after initial fears of Hurricane Beryl disrupting oil production in the Gulf of Mexico subsided. Updated forecasts show the storm will spare key oil fields. However, analysts remain concerned about potential disruptions from future storms in the region.
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NTCSA commences trading, heralding new reforms in South Africa’s electricity sector with a focus on efficiency.
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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.
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South Africa separates its energy portfolio, appointing Ramokgopa and Graham as new leaders to address the complex energy transition challenges.
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China creates a new entity to explore ultra-deep oil and gas reserves, combining national oil producers and state firms to enhance energy security and tackle non-conventional resources.
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EDF is shifting to proven technologies for its small modular reactors to address cost concerns and avoid delays, aiming for a successful market entry.
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Rising oil prices influenced by China’s economic data and rising geopolitical tensions across key regions.
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Aiteo Eastern Exploration terminates security contracts due to crude theft and fraud allegations, affecting Amotoi Global Services and other providers.