Paul Burkhardt

Oil was on track for a weekly surge as renewed fighting between the U.S. and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.

Oil swung in thin holiday trading as renewed fighting between the U.S. and Iran heightened supply concerns, while rare signs of progress toward ending the Russia-Ukraine war chipped away at

Oil swung in thin holiday trading as renewed fighting between the U.S. and Iran heightened supply concerns, while rare signs of progress toward ending the Russia-Ukraine war chipped away at the geopolitical risk premium.

South Africa is preparing to identify a transaction adviser to create a fully independent transmission system operator by the end of next year, a process that will include engaging with possible equity investors.

Billionaire Aliko Dangote’s giant refinery in Nigeria is running at full capacity and maximizing supplies of diesel and jet fuel to Europe to benefit from surging profit margins.

Middle East oil-product supplies have cratered since the start of the war, choking off vital diesel and jet fuel shipments to Europe, and Dangote has stepped in to help fill the gap.

Brent oil approached $100 a barrel, before paring some of its gains, after Saudi Arabia said operations at several energy facilities in the kingdom's south were halted by attacks.

Brent oil approached $100 a barrel, before paring some of its gains, after Saudi Arabia said operations at several energy facilities in the kingdom's south were halted by attacks.

Brent oil advanced to the highest since late July as another round of strikes on Middle East energy infrastructure, including reported explosions at Iran's vital export hub Kharg Island, stoked fears of fresh supply tightness.

South Africa aims to build a gigantic crude-processing hub