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UGANDA TARGETS LATE-2029 START FOR FLAGSHIP HOIMA REFINERY PROJECT.
Uganda’s Hoima refinery project is set to begin operations by late 2029, aiming to boost local value addition and reduce reliance on imported fuel. Backed by a $4 billion partnership, it will also support regional exports and industrial growth.
- 1 year
TRUMP VOWS TO KEEP ‘MASSIVE’ TARIFFS ON INDIA UNTIL RUSSIAN OIL IMPORTS CEASE.
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.
- 1 year
WHY UGANDA’S OIL REFINERY REMAINS BEHIND SCHEDULE.
Uganda’s refinery delays stem from financing, technical, and sequencing challenges despite progress in other oil projects. The project remains central to Uganda’s goal of energy independence and regional fuel supply once completed.
- 1 year
TANZANIA SEES OIL POTENTIAL AT EYASI WEMBERE BASIN PROJECT.
The Eyasi Wembere oil exploration project has shown strong potential for oil discoveries that could transform Tanzania’s energy landscape. With heavy local involvement and firm government oversight, the initiative promises both economic and social gains upon completion in 2026.
- 1 year
OIL PRICES SLIP AS GAZA CEASEFIRE PLAN EASES MIDDLE EAST TENSION
Oil prices fell after news of a potential Israel-Hamas ceasefire eased Middle East tensions. A stronger U.S. dollar also pressured prices. While the ceasefire reduced geopolitical risks, analysts say it’s unlikely to impact actual oil supply significantly.
- 1 year, 1 month
OIL PRICES STEADY AS SMALLER OPEC+ OUTPUT HIKE OFFSET BY DEMAND CONCERNS
Oil prices held steady on Tuesday as a smaller-than-expected OPEC+ output hike was offset by concerns over weakening global demand and a potential supply glut. Brent crude rose slightly to $65.48, while WTI remained at $61.69. Analysts say the modest production increase eased fears of a large surplus, but economic slowdown and rising non-OPEC+ supply continue to pressure the market. Geopolitical tensions, including a drone attack on a Russian refinery, are also adding uncertainty to the outlook.
- 1 year, 1 month
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