Crude Edges Higher as U.S.-Iran Tensions Intensify
Oil prices jumped on Thursday on the escalation of hostilities between the U.S. and Iran, but later pared gains as traders assessed the actual impact on supply disruptions.... Read more.
Rand Gains as Dollar Wavers Amid Middle East Tensions
The South African rand gained in early Thursday trade as the U.S. dollar wavered, while renewed strikes by Iran and the United States and higher oil prices kept... Read more.
China’s Hengli Eyes West Africa, Mideast Oil After Sanctions
China’s Hengli Petrochemical, sanctioned by the U.S. for allegedly purchasing Iranian oil, has bought at least 2 million barrels of West African crude and... Read more.
US urges Europe to impose Ebola travel bans ahead of World Cup
The Trump administration has called on European nations to follow Washington’s lead and impose travel restrictions on people who have recently been in Central... Read more.
Nigeria’s largest refinery’s gasoline unit to resume full rates in June, IIR says
Nigeria’s Dangote oil refinery has derated its gasoline-making unit (RFCC) by 34% since May 21 and expects the unit to resume full rates in mid-June, industry... Read more.
War over Ozempic, Wegovy hits South African courts
Danish drugmaker Novo Nordisk headed to court in South Africa on Wednesday to try to halt the sale of unapproved copies of semaglutide, the key ingredient in its... Read more.
Crude Prices Jump After Trump Warning to Iran
Oil prices rose on Wednesday after U.S. President Donald Trump scolded Iran in a Truth Social post following tit-for-tat strikes between the U.S. and Iran overnight.... Read more.
US Blocks Somali World Cup Referee, Citing National Security Risk
The Trump administration said on Tuesday the United States (US) had denied Somali soccer referee Omar Abdulkadir Artan entry for the World Cup because of his links... Read more.
Somali soccer referee who was denied US entry says what happened was ‘fate’
Somali soccer referee Omar Abdulkadir Artan said on Wednesday the decision to bar him entry to the United States for the World Cup was “fate” and urged... Read more.
Power utility Eskom rolls out dedicated renewable energy arm
State-owned power utility Eskom on Tuesday launched a new business unit focused on developing utility-scale renewable energy projects. The unit is part of Eskom’s... Read more.
