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OIL LITTLE CHANGED AS LOWER US STOCKPILES OFFSET DEMAND WORRIES.
Oil prices held largely steady on Wednesday, supported by tighter U.S. crude stockpiles and ongoing supply disruptions, though gains were capped by uncertainty over U.S. interest rate policy. Brent hovered near $67 a barrel while U.S. crude futures edged slightly higher, as markets weighed fresh inventory data, stalled Kurdish exports, and reduced Venezuelan shipments against broader economic headwinds. Analysts suggest prices may remain range-bound in the near term as supply concerns clash with demand-side risks.
- 10 months, 3 weeks
UGANDA’S FOREIGN DEPLOYMENTS STIR QUESTIONS OVER COSTS AND OIL INTERESTS
Uganda’s vast foreign troop deployments, costing taxpayers up to $1 million a day, are raising questions over hidden budgets, casualties, and unclear missions. Analysts argue the operations are aimed at safeguarding Uganda’s $20 billion oil infrastructure and future revenues, making the ventures as much economic as security-driven.
- 10 months, 3 weeks
UGANDA TO DRIVE AFRICA’S OIL STORAGE GROWTH WITH MAJOR PROJECTS BY 2030.
Uganda is projected to lead Africa’s oil storage growth by 2030, driven by major projects like the $5 billion EACOP and the Hoima refinery. With expanded storage capacity, the country aims to secure up to $2.5 billion in annual revenues and rival regional oil hubs in Kenya and Tanzania.
- 10 months, 3 weeks
OIL PRICES CLIMB ON GEOPOLITICAL TENSIONS IN EUROPE AND THE MIDDLE EAST
Oil prices rose at the start of the week amid rising geopolitical tensions in Europe and the Middle East. Brent crude reached $67.15 a barrel and WTI climbed to $63.10, driven by concerns over Russian military activity near NATO borders and increased Ukrainian attacks on Russian refineries. Tensions in the Middle East also flared as several Western nations recognized Palestine, prompting backlash from Israel and the U.S. However, rising oil exports from Iraq and concerns of oversupply tempered gains, while China’s ongoing stockpiling helped support prices.
- 10 months, 3 weeks
EU TARGETS RUSSIAN LNG WITH EARLY BAN AS MOSCOW SHIFTS EXPORTS BETWEEN EUROPE AND ASIA.
The European Commission is preparing to propose a ban on Russian liquefied natural gas (LNG) imports by January 1, 2027, one year earlier than initially planned, as part of its upcoming 19th sanctions package against Moscow. The move comes as Russia continues to balance its LNG flows between Europe and Asia, with exports totaling 18.8 million metric tons in the first eight months of 2025. Of that, 9.5 million tons were shipped to Asia and 9.2 million tons to Europe, underscoring how Moscow has managed to sustain sales despite sanctions pressure. France remains the largest European buyer, while China leads in Asia, reflecting both the resilience and the vulnerability of Russia’s LNG export model as geopolitical tensions rise.
- 10 months, 3 weeks
ROTARY ENGINEERING DRIVES SUSTAINABLE ENERGY INFRASTRUCTURE GROWTH
Rotary Engineering is strengthening its leadership in energy infrastructure with over $1 billion in projects across the Middle East. With 53 years of EPC and maintenance expertise, the company is delivering key infrastructure for oil, gas, petrochemicals, and transitional fuels like ammonia, hydrogen, and SAF. Major projects include storage and transfer systems at ADNOC’s TA’ZIZ Chemical Park in the UAE and fuel facilities for QatarEnergy. With a strong focus on safety, innovation, and sustainability, Rotary is also expanding its maintenance and turnaround services while advancing cleaner energy solutions in the region.
- 10 months, 3 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.