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Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

Rising energy costs in Egypt are forcing Cairo nightlife venues to close earlier, disrupting businesses, reducing revenue, and reshaping the city’s vibrant after-dark social scene.

South Africa will cut its fuel levy for one month to ease rising pump prices, offering temporary relief to consumers amid increasing global energy costs.

KEY POINTS Production at Libya’s Sharara oilfield is expected to return to normal levels within the next 48 hours, according to two field engineers familiar with operations at the site. …

KEY POINTS Nigeria’s oil and gas industry recorded a notable rise in capital inflows in 2025, attracting $17.98 million compared to $5.12 million in 2024, according to the latest capital …

KEY POINTS Nigeria is set to record increased oil revenue following the export of 950,000 barrels of the newly introduced Cawthorne Blend crude by the Nigerian National Petroleum Company (NNPC) …

KEY POINTS Shell has cautioned the Australian government against introducing a windfall tax on gas exporters, warning that such a move could discourage investment and undermine the country’s long-term energy …

KEY POINTS South African citrus farmers have raised concerns over isolated diesel shortages ahead of the country’s critical export season, warning that supply constraints and rising fuel prices could disrupt …

KEY POINTS The European and African oil markets are tightening sharply as Asian buyers increasingly compete for limited crude supplies, pushing key benchmarks and differentials to record highs ahead of …

KEY POINTS Egypt and Cyprus on Monday signed a framework agreement to expand cooperation in the natural gas sector, marking another step toward developing Cyprus’ offshore reserves and strengthening regional …