The security situation in the Strait of Hormuz has returned to a “worse-case scenario” for oil tankers as Iran has repeatedly attacked ships over the past week, the CEO of a maritime risk services firm said. “We see the reduction of the volume of transits through the Strait of Hormuz and right now crews of…
Nigeria’s discovery of a major new critical minerals province reflects a broader shift as Africa’s leading oil producers invest in mining to diversify their resource economies. The strategy aims to reduce dependence on a single commodity by expanding exploration, attracting mining investment and building new value chains around minerals expected to drive the global energy…
The price of crude oil on global markets continued to surge Tuesday, with international oil benchmark Brent rising for a second straight day to more than $87 per barrel, the first time since June it has traded at that price. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content….
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies. U.S. West Texas Intermediate futures…
Oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies….
TEHRAN, IRAN – MARCH 10: Smoke rises among the residential buildings following an Israeli attack on Tehran, Iran on March 10, 2025. Israeli army’s announcement of a new wave of attacks on Tehran. (Photo by Fatemeh Bahrami/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Oil rose Thursday, after fresh strikes on Iran by…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Iran is likely to face challenges in clearing its oil inventories even after restrictions on its energy imports are lifted, as its biggest customer tweaks…
Zelensky said on Saturday morning that the targets hit in St Petersburg and the surrounding region were about 850km (528 miles) from Ukraine’s border. The extent of the damage was not immediately clear, but a video posted by the Ukrainian president showed a drone flying towards a target and a huge column of black smoke…
Nairobi — African governments and industry players have been urged to integrate sustainability into the expansion of the continent’s palm oil industry as production grows to meet rising regional and global demand. Speaking during the RSPO Africa Supply Chain Forum 2026 in Nairobi, Roundtable on Sustainable Palm Oil (RSPO) Head of Africa Market Transformation Elikplim…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…
