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UGANDA TO INTRODUCE ETHANOL-BLENDED PETROL STARTING JANUARY 2026
Uganda will require ethanol-blended petrol from 2026 to reduce fuel import costs and emissions. The move supports local industries and aligns with the country’s broader energy transformation plans.
- 11 months
MALAYSIA DATA CENTRES BATTLE HIGHER POWER COSTS, UNCLEAR PRICING.
Malaysia's position as a rising digital hub in Southeast Asia is under pressure as steep electricity tariff hikes take effect, threatening to derail billions in data Centre investments from global tech giants like Microsoft and Google. The unexpected rise in power costs projected to increase by up to 14% for large scale facilities has caught many operators off guard, forcing them to reassess project viability and consider shifting operations to more cost-stable countries like Vietnam and Thailand. With electricity forming the largest share of operational expenses, and new tiered pricing structures placing heavier burdens on ultra-high voltage users, the business landscape for energy-intensive data centres has suddenly grown uncertain. Economically, this could slow down Malaysia's forecasted boom in data infrastructure demand, while geopolitically, it risks weakening the country's appeal as a tech investment destination amid intense regional competition.
- 11 months
EPRA ASSURES STEADY OIL SUPPLY AMID IRAN-ISRAEL CONFLICT.
EPRA has assured Kenyans that the country has enough petroleum products to withstand any disruptions caused by the Iran-Israel conflict. The government is actively engaging with Middle Eastern suppliers to ensure a steady and secure oil supply.
- 11 months, 1 week
KENYA AND UGANDA HARNESS LAKE VICTORIA FOR REGIONAL ENERGY INTEGRATION.
Kenya and Uganda are using Lake Victoria to transport petroleum products more efficiently, supporting regional energy security and trade. This partnership has strengthened cross-border fuel supply, reduced transport costs, and promoted East African integration.
- 11 months, 1 week
U.S. OIL PRICES RISE CAUTIOUSLY AS CEASEFIRE BETWEEN IRAN AND ISRAEL HOLDS.
Oil prices edged higher as U.S. investors digested the fragile ceasefire between Iran and Israel, with hopes that stability in the Middle East might stave off supply disruptions through key global chokepoints like the Strait of Hormuz. Following intense diplomatic pressure from President Donald Trump, both nations signaled a pause in hostilities, bringing temporary relief to markets that had surged after U.S. strikes on Iranian nuclear sites. Yet the rebound in prices remains modest, as analysts weigh the likelihood of renewed conflict against the backdrop of steady global oil supply and cautious economic fundamentals. With U.S. crude inventories showing a notable decline, traders are balancing geopolitical relief with persistent concerns over energy security, shipping risks, and demand softness all of which continue to shape short-term oil market dynamics.
- 11 months, 1 week
OIL TUMBLES TO OVER ONE WEEK LOWS AS TRUMP ANNOUNCES ISRAEL IRAN CEASEFIRE.
Oil prices plunged to their lowest levels in over a week after U.S. President Donald Trump announced a ceasefire agreement between Israel and Iran, offering a sudden de-escalation of tensions in the Middle East, one of the world’s most critical oil-producing regions. The diplomatic breakthrough has significantly reduced fears of immediate supply disruptions, leading to a sharp unwinding of the risk premium that had built up in oil markets over the past week. Brent and WTI crude both dropped more than 3% as investors shifted away from defensive positions and recalibrated expectations for future price movements. From a geopolitical standpoint, the ceasefire marks a turning point in a volatile regional conflict that had raised the specter of wider military involvement and potential threats to vital shipping lanes like the Strait of Hormuz. Economically, easing tensions could mean fewer disruptions to global energy supplies and lower pressure on fuel costs, which might offer relief to industries and consumers already grappling with inflation. From a business perspective, energy firms and oil traders will be closely monitoring the durability of the ceasefire, as well as potential changes in export volumes from Iran, OPEC’s third-largest producer, which could shift global supply dynamics heading into the second half of the year.
- 11 months, 1 week
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