The Indian Basket of crude oil crossed US$100/bbl on September 04, 2026, touching US$101.07/bbl – its highest level since May 2026 – as the conflict in West Asia intensified. As India imported 88.7% of its crude oil requirement in FY26, imports of petroleum, oil and lubricants (POL) rose to US$60.6 billion in Q1FY27 from US$49.2 […]
Saudi Energy Minister Prince Abdulaziz bin Salman announced the discovery on Monday at the International Atomic Energy Agency’s General Conference in Vienna, according to Saudi state television. Geological studies have identified elevated uranium concentrations in the Medina region, while Saudi Arabia is also assessing uranium that could be recovered as a byproduct of its enormous […]
Abu Dhabi’s national oil-and-gas company said it signed a raft of deals with a potential investment value of 5 billion euros ($5.81 billion) with German energy and industrial groups, part of a major investment by the United Arab Emirates. Adnoc said Friday that along with its investment arm XRG and the emirate’s clean-energy company Masdar, […]
Indian critical minerals producer LOHUM has dispatched its first tranche of lithium ore from newly acquired mining blocks in Zimbabwe’s Matabeleland South province, marking the start of production at its first mining operation outside India. Reuters and the Press Trust of India reported the September 9 shipment, which moves a company until now focused on battery recycling and […]
According to pages 160 and 161 of the refinery’s prospectus reviewed by Business Insider Africa, the litigation schedule was last updated on 26 August 2026. Nine of the 14 pending cases met the company’s materiality threshold of N100 million. The nine cases relate to unpaid debts, outstanding contractual payments, regulatory disputes and alleged breaches of contractual […]
The railway operator received about $300 million in June and is using the funds to expand capacity, buy new wagons and containers, repair sections of the railway and improve coordination between Angola and the Democratic Republic of Congo, CEO Nicolas Fournier said. LAR expects to transport about 400,000 tons of international cargo this year. About […]
TotalEnergies has made a new discovery offshore Angola and has bought operated interest in two new exploration blocks close to operating hubs as the international majors are returning to exploration in Angola’s waters to take advantage of existing infrastructure. TotalEnergies on Thursday said that the Acacia-5 discovery in Block 17 would see first oil achieved […]
China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz. With oil harder to access and Russian supply largely constrained by sanctions, Asian buyers are scrambling for crude from suppliers seen […]
The U.S. national debt recently passed $40 trillion, hitting this monstrous milestone months ahead of Congressional Budget Office projections, in part due to tariff refunds increasing the total deficit. In March, the federal debt held by the public reached the size of U.S. annual gross domestic product, nearing its all-time peak from more than 80 […]
The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast, ” Washington’s new effort […]