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ITALY EXPECTS EU SUPPORT FOR ENERGY SPENDING FLEXIBILITY AMID COST PRESSURES.
Italy expects the European Union to approve greater fiscal flexibility for energy-related spending as Rome pushes for stronger support to help households and businesses cope with soaring energy costs linked to global supply disruptions. The request comes as Europe continues to face pressure from volatile fuel markets, shipping uncertainties around the Strait of Hormuz, and broader geopolitical tensions affecting global energy flows. The move highlights growing concern within the EU over the economic impact of prolonged energy instability on inflation, industry, and consumer spending.
- 5 months, 1 week
RUSSIA BANS AVIATION FUEL EXPORTS UNTIL NOVEMBER 30 AMID REFINERY STRIKES.
Russia has banned aviation fuel exports until November 30 as Ukrainian strikes continue to disrupt refinery operations and strain domestic fuel supplies, marking another tightening step in its energy policy amid ongoing infrastructure damage. The move reflects rising pressure on Russia’s refining system, where repeated attacks have reduced output and forced authorities to prioritize internal market stability over export commitments. With global energy flows already under stress from multiple geopolitical flashpoints, the decision adds fresh uncertainty to regional fuel availability and broader market balances.
- 5 months, 1 week
OIL SLIPS $5 AS US, IRAN SEEN MOVING CLOSER TO PEACE DEAL
Oil prices dropped by more than $5 on Monday, reaching their lowest levels in two weeks, after growing optimism that the United States and Iran were making progress toward a possible peace agreement.
- 5 months, 2 weeks
TANZANIA AND RWANDA SIGN ENERGY COOPERATION AGREEMENT COVERING POWER TRADE, OIL, GAS AND LNG
Tanzania and Rwanda have signed a new bilateral energy cooperation agreement aimed at strengthening regional energy integration and expanding collaboration across multiple energy sectors.
- 5 months, 3 weeks
KENYA TRANSPORT STRIKE OVER FUEL PRICE HIKES CALLED OFF
A nationwide public transport strike in Nairobi over rising fuel prices was suspended on Tuesday after the Kenyan government reached a temporary agreement with associations representing bus and minibus operators.
- 5 months, 3 weeks
NIGERIA FUEL MARKETERS PUSH BACK ON DANGOTE LAWSUIT OVER IMPORT LICENCES
Fuel marketers in Nigeria have opposed a lawsuit filed by Dangote Petroleum Refinery aimed at cancelling fuel import licences, warning that such a move could threaten fuel supply and weaken competition in Africa’s biggest oil market.
- 5 months, 3 weeks
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