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GAS PRICES STEADY, BUT DIESEL PRICES EXPECTED TO RISE.
Oil prices are staying stable as increased OPEC production is being balanced by strong global demand. Patrick DeHaan from GasBuddy says prices will likely remain around $60 per barrel. Gasoline prices are expected to drop soon due to higher supply and the switch to cheaper winter fuel blends. However, diesel prices may rise with increased demand during harvest season and colder weather, which boosts heating oil use.
- 1 year, 1 month
TANZANIA TARGETS 80% CLEAN COOKING ENERGY USE BY 2034.
Tanzania has increased the use of clean cooking energy from 6.9% in 2021 to 20.3% in 2025, with a goal of reaching 80% within the next nine years. The government, under President Samia Suluhu Hassan, has launched a national strategy to save lives, protect the environment, and ensure affordable access to clean cooking energy.
- 1 year, 1 month
AUSTRALIA APPROVES NORTH WEST SHELF GAS PLANT EXTENSION UNTIL 2070 AMID CLIMATE BACKLASH.
Australia has given final approval for Woodside’s Northwest Shelf liquefied natural gas (LNG) facility the country’s oldest and second largest to continue operating until 2070. The landmark decision follows a prolonged seven-year approval process marked by lawsuits, protests from environmental groups, and debates over Indigenous heritage preservation. While the extension secures Australia’s standing as a top LNG exporter and reassures strategic allies like Japan, critics have labeled the plant a “carbon bomb” that threatens to undermine climate targets and risk permanent damage to 50,000-year-old Murujuga rock art. The approval comes with 48 stringent environmental conditions, including steep emission reductions, but opposition remains fierce as the project raises questions over Australia’s balancing act between economic security and climate responsibility.
- 1 year, 1 month
NATURAL GAS AND OIL FORECAST: MIDDLE EAST TENSIONS AND TARIFF THREATS STIR MARKETS
Natural gas hovers near $3.11, supported by the 50-EMA, with potential to rise toward $3.28 if resistance at $3.08 clears. WTI and Brent crude oil remain bullish above key support zones, eyeing $64.25 and $68.42 respectively. Market sentiment is driven by OPEC+ actions, geopolitical tensions, and U.S. inventory data.
- 1 year, 1 month
TANZANIA, ALGERIA REGULATORS SEEK STRONGER COOPERATION IN OIL AND GAS.
The Petroleum Upstream Regulatory Authority (PURA) of Tanzania and Algeria’s Hydrocarbon Regulatory Authority (ARH) have agreed to strengthen cooperation through knowledge and experience sharing in oil and gas regulation. The partnership aims to enhance efficiency in managing technical aspects of petroleum projects and ensure sustainable sector growth in both countries.
- 1 year, 1 month
TANZANIA SEEKS STRONGER ENERGY TIES WITH ALGERIA’S SONATRACH.
Tanzania is strengthening energy ties with Algeria’s Sonatrach, focusing on training, knowledge transfer, and investment opportunities in its oil and gas sector. Sonatrach reaffirmed its commitment to support Tanzania in skills development and joint cooperation to unlock the country’s energy potential.
- 1 year, 1 month
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