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Senate Slashes Oil Benchmark, Okays ₦17.88 Trillion Borrowing For 2026 Read More »
Oil prices move for all kinds of reasons, and when they do, the effects reach far beyond energy producers or traders. Across Africa, shifts in the global oil market influence transport costs, food prices, government spending, and even consumer confidence. You don’t need to follow energy markets closely to feel their impact. Higher fuel bills,
Oil Prices and Economic Growth: How Global Energy Markets Impact Africa Read More »
March NY world sugar #11 (SBH26) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26) is down -1.40 (-0.33%). Sugar prices are under pressure today from a slump in crude oil prices. WTI crude (CLF26) sank to a 4.75-year low today, which undercuts ethanol prices and may prompt the world’s sugar
Sugar Prices Undercut by Weakness in Crude Oil Read More »
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] NEW YORK (AP) — The U.S. stock market drifted through a mixed day of trading Tuesday after reports on the economy did little to clear uncertainty about where interest rates may be heading. The S&P 500 slipped 0.2% and remains a bit below its all-time high set
Asian shares stumble ahead of US jobs report Read More »
The Energy and Petroleum Regulatory Authority (EPRA) has announced that retail fuel prices in Kenya will remain unchanged for the period from December 15, 2025, to January 14, 2026. In Nairobi, Super Petrol will retail at Ksh184.52 per litre, Diesel at Ksh171.47, and Kerosene at Ksh154.78. The prices include the 16 per cent Value Added
EPRA Announces December Fuel Prices: Nairobi Super Petrol at Ksh184.52 per Litre Read More »
Iran introduced a new pricing tier Saturda for its nationally subsidized gasoline, attempting to rein in spiraling costs for the first time since a price hike in 2019 that sparked nationwide protests and a crackdown that reportedly killed over 300 people. Cheap gasoline has been viewed for generations as a birthright in Iran, sparking mass
Iran raises gasoline prices for the first time since deadly 2019 protests Read More »
In a development that is expected to ease financial pressure on households and businesses across the country, petroleum prices in Pakistan are anticipated to decrease by Rs.12 per litre in the upcoming government price revision. The expected cut comes as international oil prices show a downward trend and the rupee maintains relative stability against the
Petroleum Prices Expected to Drop by Rs. 12 Per Litre Read More »
Oil drilling rigs Oil prices edged higher on Friday, aided by concerns over potential supply disruptions from Venezuela, though crude remains on track for weekly losses as markets weigh the likelihood of a Russia-Ukraine peace deal. Brent crude futures for February 2026 rose 0.8% (50 cents) to $61.78 a barrel at 09:01 am Riyadh time.
Oil prices rise, head for weekly loss Read More »
United States President Donald Trump has said that the US has seized a sanctioned oil tanker close to the coast of Venezuela, in a move that has caused oil prices to spike and further escalates tensions with Caracas. “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever,
‘Act of piracy’ or law: Can the US legally seize a Venezuelan tanker? Read More »
Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed on Friday. The U.S. benchmark, WTI Crude, is expected to average $59 per barrel in 2026, according to the poll of 35 analysts and economists. That’s
Wall Street Warns of a Deepening Oil Glut in 2026 Read More »
