Blog
OIL JUMPS 1.5% AS TRUMP’S VENEZUELA BLOCKADE RATTLES MARKETS.
Global oil prices climbed more than 1% after U.S. President Donald Trump ordered what he called a “total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela. The move injected fresh geopolitical risk into oil markets that had been trading near five-year lows amid fragile demand and hopes of easing Russia-related sanctions. While traders remain cautious about the durability of the rally, Trump’s escalation against Venezuela has revived uncertainty around supply flows, shipping risks, and enforcement of U.S. sanctions.
- 10 months, 3 weeks
US PREPARING MORE TANKER SEIZURES OFF VENEZUELA AFTER FIRST SHIP INTERCEPTED.
The United States is escalating its pressure campaign on Venezuela, preparing to seize additional oil tankers after intercepting the first vessel earlier this week. The move signals a sharp intensification of Washington’s sanctions enforcement, sending shockwaves through global shipping networks and putting owners, operators, and oil traders on high alert. With a military buildup underway in the southern Caribbean and heightened scrutiny of vessels involved with sanctioned crude, the U.S. is now targeting the “shadow fleet” that moves Venezuelan, Iranian, and Russian oil—creating mounting uncertainty across the energy and maritime sectors.
- 11 months
PUMA ENERGY TANZANIA WINS DOUBLE HONOURS AT CONSUMER CHOICE AWARDS.
Puma Energy Tanzania has earned major regional and continental recognition after winning two top honours at the Consumer Choice Awards, reaffirming its strong market leadership. The awards highlight the company’s commitment to quality service, modern infrastructure and customer-focused innovation.
- 11 months, 1 week
FUEL PRICES RISE SLIGHTLY FOR DECEMBER AS EWURA ISSUES NEW CAP RATES.
EWURA has announced new fuel cap prices for December 2025, showing a slight drop in petrol and kerosene prices due to reduced import premiums at the Dar es Salaam Port. The authority has also reminded fuel retailers to issue EFPP receipts and clearly display price boards, warning that non-compliance will lead to penalties.
- 11 months, 1 week
GERMANY EXPANDS LNG TERMINALS TO REPLACE LOST RUSSIAN GAS SUPPLIES.
Germany is intensifying its efforts to build and operate LNG import terminals as the country continues shifting away from Russian pipeline gas following Moscow’s 2022 invasion of Ukraine. With floating storage regasification units already receiving LNG and new shore-based facilities on the way, Berlin is creating a diverse import network designed to secure stable supplies through the decade. The Stade terminal is now expected to come online in the second quarter of 2026 at the earliest, joining Mukran, Lubmin, Wilhelmshaven and Brunsbüttel as Germany accelerates long-term energy independence.
- 11 months, 1 week
TANZANIA SHIFTS FOCUS TO ELECTRICITY TRANSMISSION AFTER JNHPP COMPLETION.
Tanzania has completed the JNHPP and is now focusing heavily on expanding its electricity transmission network to ensure reliable nationwide distribution. The new infrastructure will also allow Tanzania to export power to neighboring countries and boost revenue.
- 11 months, 1 week
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