News #Oil

Oil prices rose Wednesday, as Iran claimed to have seized two ships in the Strait of Hormuz shortly after President Donald Trump extended the ceasefire.

Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel conflict will attract strong investor demand.

Nigerian billionaire Aliko Dangote’s refinery is being flooded with inquiries as African governments scramble to secure fuel supplies after the Iran war disrupted flows.

The Trump administration issued a new license allowing countries to temporarily purchase certain Russian oil products, the same day Brent crude prices settled above $100 per barrel

Chevron has agreed to sell its offshore oil stakes in Angola to Energean for $260 million, giving the Mediterranean energy producer a foothold in West Africa

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.

Brazil’s state-run oil major Petrobras is marking a strategic return to Africa with a 42.5% stake in an offshore oil exploration block off Namibia.

The U.S. and India have reached a trade deal and will immediately move to lower tariffs on each other’s goods, President Donald Trump announced.

The OPEC Fund for International Development (the OPEC Fund) has successfully raised US$1.25 billion through a new 5-year benchmark bond issuance.