African governments are implementing sharp fuel price increases as the Iran war disrupts global oil supply, pushing costs higher and raising inflation concerns across the continent. Many African countries depend heavily on imported petroleum products, leaving their economies vulnerable to global supply shocks and price volatility. As crude oil prices rise, governments are under pressure…
President Donald Trump has warned that the United States could strike Iran’s critical energy infrastructure if negotiations to end the ongoing conflict collapse, intensifying already fragile tensions in the Middle East. In a social media post Monday, Trump said significant progress had been made in talks but cautioned that failure to reach an agreement, particularly…
Oil prices climbed above $116 per barrel on Monday, reaching their highest level in nearly two weeks as tensions between Iran, the United States and regional allies intensified, raising fears of wider conflict and prolonged supply disruptions. Brent crude, the international benchmark, rose more than 3% in early trading, continuing a rally driven by geopolitical…
Libya’s National Oil Corporation (NOC) announced late Thursday that it has signed a memorandum of understanding with U.S. energy giant Chevron, directing the two parties to carry out a comprehensive technical study of the offshore NC 146 block — a move that industry watchers say marks one of the most significant Western energy re-engagements with…
Italy is moving to strengthen energy ties with Algeria as disruptions to gas supplies from Qatar highlight growing vulnerabilities in global energy markets. Prime Minister Giorgia Meloni announced the initiative during an official visit to Algiers, where she met President Abdelmadjid Tebboune to advance cooperation between the two countries. Speaking at a joint press conference,…
Gulf Energy has paid KSh4 billion to Tullow Oil, easing months of delays and reviving momentum in the Turkana oil project after parliamentary approval of its development plan. The payment is part of an overdue second instalment of USD40 million (KSh5.18 billion) linked to the South Lokichar oilfields. The delay had persisted since December 2025…
