Sun King, the Kenyan pay-as-you-go off-grid solar energy firm, has closed a landmark $156 million (KES 20.1 billion) securitisation to scale affordable solar across Kenya. The firm says the funds will enable it to serve an estimated 1.4 million low-income households and businesses to get off kerosene and diesel to access electricity for the first […]
Sun King Closes $156M to Deliver Solar for Over a Million Kenyans Read More »
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Oil prices climb on US trade optimism, drop in crude stockpiles Read More »
August WTI crude oil (CLQ25) on Tuesday closed down -0.99 (-1.47%), and August RBOB gasoline (RBQ25) closed down -0.0300 (-1.41%). Crude oil and gasoline retreated for a second session Tuesday, with gasoline dropping to a 2-week low. Crude oil prices are being undercut by concern that President Trump’s tariff policies will lead to slower global
Crude Oil Price Fall on Concern About Energy Demand Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 22, 2025, 10:24 PM CDT Oil prices edged higher in Asian trading hours on Wednesday, buoyed by growing optimism that a new U.S.-Japan trade pact could reinvigorate global economic momentum and spur energy demand. The gains were further underpinned by
U.S.-Japan Trade Deal Boosts Oil Prices Read More »
Oil drilling rigs Oil prices rose on Friday, driven by seasonal travel demand, as markets assessed the potential impact of drone attacks on oil fields in northern Iraq on supply. Brent crude futures for September delivery climbed 0.45%, or 30 cents, to $69.82 a barrel as of 08:00 am KSA time. WTI crude futures for
Oil prices rise on seasonal demand for travel Read More »
The European Union has approved its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over three years ago, including a key price cap on Russian oil exports. “We are striking at the heart of Russia’s war machine. Targeting its banking, energy and military-industrial sectors and including a new dynamic oil price
EU Approves New Russia Sanctions Package Including Key Oil Price Cap Read More »
The aviation industry should stop branding all alternatives to traditional kerosene as “sustainable” or risk facing lawsuits, a climate nonprofit has warned, as concern grows about fraud in the production of sustainable aviation fuel (SAF). Consumer protection laws and anti-greenwashing regulations across Europe could expose the industry to legal challenges if it misleads the public
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns Read More »
Kiharu Member of Parliament Ndindi Nyoro has spoken out against the recent rise in fuel prices, accusing the government of misleading the public and engaging in questionable borrowing practices that could harm Kenya’s financial future. Nyoro rubbished the Ministry of Energy’s explanation issued on Tuesday that blamed the price surge on rising global oil prices.
Ndindi Nyoro Accuses Govt of Misleading Kenyans on Fuel Prices and Secret Borrowing Read More »
WTI price appreciates as Trump signals the possibility of additional sanctions on Russia. The EU may lower the price cap on Russian oil as part of its upcoming 18th sanctions package against Moscow. The International Energy Agency reported that Saudi Arabia exceeded its oil output target, surpassing level implied by the OPEC+ agreement. West Texas
WTI advances to near $68.00 as traders await Trump’s statement on Russia Read More »
Oil drilling rigs Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand, Reuters reported. “Geopolitical tensions have eased as the US.-mediated ceasefire between Israel and Iran continues to hold and
Barclays raises Brent forecast to $72/brl for 2025 Read More »
