Massive Emergency Oil Release Fails to Stem Investor Fears as Oil Tops $100 a Barrel

Africa: What oil producers can do to counter price shocks

Could African oil-producing countries such as Nigeria and Angola increase production in the short term and thus ease global shortages caused by the war in the Middle East? Experts explain what that might look like.

Oil Tops $106 a Barrel as Worries Persist About Global Supplies

As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.

Canada to release additional 140K barrels of oil per day starting in April - National

Canada produced on average 5.3 million barrels per day of crude oil in 2025, according to the Canada Energy Regulator, making the upcoming production jump a 2.6 per cent increase.

President Al-Sisi Addresses Economic Pressures and Regional Conflicts

During a recent Egyptian Family Iftar held at the Air Force House in Cairo on Saturday, 14 March, President Abdel Fattah Al-Sisi addressed the challenges facing Egypt in light of regional conflicts and their subsequent impact on the national economy.  He revealed that the Suez Canal has incurred losses amounting to USD 10 billion (EGP 522 billion), attributing this decline to global supply chain disruptions  amid the war on Gaza and Iran’s war w…

African economic growth threatened as oil prices surge

An expert says most African countries have fuel reserves for just 15 to 25 days, compared to the International Energy Agency standard of 90 days.

Beyond the strait: why Middle East oilfield shutdowns threaten to keep prices high

Oil could pass 2008 record of $147.50 a barrel as damage and closures risk compounding supply shock caused by Iran warThe world’s largest offshore oilfield stretches more than 40 miles from Saudi Arabia’s eastern province into the depths of the Persian Gulf. For almost 70 years the Safaniya field has produced millions of barrels of Arabian heavy crude to be sold by the biggest oil-producing country. This week, the field was shut.The war in Iran …