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The Central African Republic (CAR) is currently developing a massive iron ore initiative aimed at unlocking over 20 billion tonnes of high-grade resources (64.5%+ Fe), with significant developments emerging in…

in the first quarter (Q1) of 2026, the United States spent approximately $578.78 million on crude oil imports from Nigeria.The U.S. imported 7.84 million barrels of Nigerian crude between January…

global oil prices fell sharply by as much as 12%, with Brent crude dropping below $100 a barrel for the first time in two weeks. This "celebration" in the oil…

The Strait of Hormuz blockade has removed roughly 9M bpd of crude from global supply, and replacement barrels aren’t keeping up, according to Vortexa.U.S. Gulf Coast exports have surged to…

The Dangote Refinery is currently producing 24 million litres of jet fuel daily. While this output more than covers Nigeria's domestic aviation needs, the vast majority is being exported to…

Petróleo Brasileiro S.A. - Petrobras signed an agreement to acquire a 75% stake and take over operatorship of offshore Block 3 in São Tomé and Príncipe.Petrobras is acquiring the stake…

spot rates for Capesize bulk carriers are nearing their highest levels of the year, largely decoupled from the military conflict in the Middle East. While other shipping sectors have faced…

A high-value Very Large Crude Carrier (VLCC) deal in the Middle East Gulf collapsed on April 9, 2026, as uncertainty surrounding the Strait of Hormuz intensifies despite a recently announced…

Oil firms are currently facing a severe shortage of tankers, a situation described by industry brokers as "crazy and unprecedented" as of late March 2026. This crisis is primarily driven…