HAVANA, Cuba — Drivers in Cuba are facing the prospects of waiting several months to refuel their cars, as fuel shortages caused by a U.S. oil siege intensify. To avoid chaos outside gas stations, Cuba’s government last week made it obligatory for drivers to use an app known as Ticket to get refueling appointments. But […]
Presidential actions have been ineffective in reducing oil prices. The global oil market is projected to face oversupply in late 2025. Sanctions significantly impact oil availability despite production levels. Key Takeaways Presidential actions have been ineffective in reducing oil prices. The global oil market is projected to face oversupply in late 2025. Sanctions significantly impact
Rory Johnston: US policies are bullish for oil prices | Macro Voices Read More »
Kenyans are set to benefit from lower fuel prices after the Energy and Petroleum Regulatory Authority announced reductions on Saturday, February 14. In its latest fuel review, EPRA lowered Super Petrol by Ksh4.24, Diesel by Ksh3.93, and Kerosene by Ksh1.00. The new retail prices will be Ksh178.28 per litre for petrol, Ksh166.54 for diesel, and
Kenya Motorists Rejoice as Fuel Prices Drop Again Read More »
Audio By Vocalize Petroleum prices remain unchanged in December EPRA review. [File, Standard] Motorists will now pay less at the pump after the Energy and Petroleum Regulatory Authority (EPRA) announced fresh cuts to fuel prices in the latest monthly review. The price of super petrol has dropped by Sh4.24 per litre, diesel by Sh3.93, and
Relief at the pump as fuel prices drop Read More »
By Charles Kennedy – Feb 12, 2026, 10:30 AM CST The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is piling in floating storage, according to the world’s biggest independent oil trader, Vitol. “The
Top Trader Sees Sanctions Tightening Market and Lifting Oil Prices Read More »
TLDR BP suspended share buybacks to strengthen its balance sheet as oil prices remain under pressure from oversupply concerns. The British energy company reported Q4 profit of $1.54 billion, matching forecasts but down from $2.21 billion in Q3. Shares fell 5.4% in London trading after the buyback suspension announcement, with U.S. shares down 6% pre-market.
BP Stock Drops 5% as Company Suspends Share Buyback Program Read More »
By Tsvetana Paraskova – Feb 06, 2026, 6:30 AM CST Ahead of the U.S.-Iran nuclear talks on Friday, Tehran signaled that the negotiations will likely be a long process, dashing hopes of a quick and more sustainable de-escalation of tensions in the key oil-producing Middle Eastern regions. Oil prices initially rose early on Friday
Oil Markets Waver as Iran Prepares for Prolonged Nuclear Negotiations Read More »
By Irina Slav – Feb 06, 2026, 1:11 AM CST Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran de-escalated. At the time of writing, Brent crude was trading at $68.09 per barrel, and
Oil Prices Set for First Weekly Dip of the Year Read More »
By Alex Kimani – Feb 05, 2026, 7:00 PM CST Oil prices fell sharply as geopolitical risk eased after Iran confirmed upcoming talks with the U.S. in Oman. Despite the pullback, Standard Chartered says oil market sentiment is improving, pointing to a strengthening Brent forward curve, declining U.S. inventories, slowing shale growth, and rising 2026
StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026 Read More »
Pumpjacks draw out oil and gas from well heads as wildfire smoke hangs in the air near Calgary on May 12, 2024. Photo by Jeff McIntosh /The Canadian Press via AP Article content North American oil prices fell sharply on Monday after tensions between the United States and Iran appeared to ease, lowering the risks of
