Blog
OIL MARKETS SIGNAL NEAR-TERM OVERSUPPLY AS FLOWS THROUGH STRAIT OF HORMUZ RECOVER.
Global oil markets are beginning to signal a short-term supply surplus as crude exports from the Middle East accelerate following the easing of tensions between the United States and Iran. A sharp increase in tanker movements through the Strait of Hormuz, combined with the release of previously stranded cargoes and expectations of higher exports from Gulf producers, is reshaping market sentiment. Traders are increasingly focusing on the return of large volumes of crude to the market, creating downward pressure on prompt prices and raising concerns that supply could temporarily outpace demand in the weeks ahead.
- 1 month, 2 weeks
PETRONAS MAKES NEW GAS DISCOVERY AT SURINAME OFFSHORE BLOCK; FINDS ESTIMATED TO BE EQUIVALENT TO 1 BILLION BARRELS OF OIL.
Malaysia’s state-owned energy company, Petronas, has announced another significant gas discovery at offshore Block 52 in Suriname.
- 1 month, 2 weeks
RUSSIAN OIL FIRMS URGED TO PROCESS 30% OF CRUDE DOMESTICALLY AS FUEL CRISIS DEEPENS.
Russia is considering a major shift in its energy strategy after the head of oil giant Rosneft proposed that oil producers be required to process at least 30% of their crude domestically instead of prioritizing exports. The proposal comes as Ukraine's escalating attacks on Russian energy infrastructure continue to disrupt refining operations, trigger fuel shortages and force Moscow to explore emergency measures to stabilize domestic fuel supplies. The move highlights growing pressure on Russia's energy sector as the war increasingly affects critical infrastructure, fuel availability and the country's ability to balance domestic needs with export revenues.
- 1 month, 2 weeks
TANZANIA'S OIL AND GAS SECTOR ENTERS A NEW ERA OF EXPLORATION, PRODUCTION AND ECONOMIC TRANSFORMATION.
Tanzania is positioning itself as one of Africa's most promising energy destinations as new exploration campaigns, major gas field developments and large-scale infrastructure projects gather momentum. Backed by more than 57 trillion cubic feet of proven natural gas reserves, expanding production capacity and ambitious plans for LNG exports, the country is laying the foundation for long-term energy security, industrial growth and increased foreign investment. From the world-class Ntorya gas project to new offshore licensing rounds and strengthened local content participation, Tanzania's oil and gas sector is increasingly becoming a strategic pillar of national economic development under President Samia Suluhu Hassan's administration.
- 1 month, 2 weeks
PHILIPPINES CUTS 2026 GROWTH FORECAST AMID ENERGY CRISIS.
The Philippines has lowered its 2026 economic growth forecast as the country continues to face significant challenges stemming from an ongoing energy crisis.
- 1 month, 2 weeks
UKRAINE STRIKES MOSCOW AS MASSIVE EXPLOSIONS ROCK OIL REFINERY
A Ukrainian drone strike on an oil refinery in southeastern Moscow triggered a major fire on Thursday, marking the second attack on the facility within three days.
- 1 month, 2 weeks
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.