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Business and Economy

Oil prices ease but gasoline inflation lingers; July U.S. CPI seen as turning point for bitcoin

With bitcoin moving sideways in the $63,000 range, attention is on the CPI data due on the 14th. [Photo: Reve AI] Bitcoin regained the $63,500

Blow to Kenyan oil marketers as Rwanda moves to G-to-G fuel deal
Politics

Blow to Kenyan oil marketers as Rwanda moves to G-to-G fuel deal

Rwanda will shift to a government-to-government (G-to-G) fuel importation deal from August this year, signalling reduced business for Kenyan oil marketers who are still smarting

Trump touts U.S. economy and oil prices in a midterm pitch in Pennsylvania
Business and Economy

Trump touts U.S. economy and oil prices in a midterm pitch in Pennsylvania

MACUNGIE, Pa. — Speaking in a key Pennsylvania swing district on Tuesday, President Donald Trump sought to reassure voters that costs are coming down and

World Bank Cuts Sub-Saharan Africa Growth Forecast, Says Nigeria Benefits From Oil Prices – Arise News
Business and Economy

World Bank Cuts Sub-Saharan Africa Growth Forecast, Says Nigeria Benefits From Oil Prices – Arise News

The World Bank’s latest forecast has projected that growth in Sub-Saharan Africa (SSA) would edge down to 4.0 per cent in 2026 and then recover

Dangote pitches 650,000 bpd East Africa oil refinery to regional leaders
Politics

Dangote pitches 650,000 bpd East Africa oil refinery to regional leaders

From left, Dangote Group President Aliko Dangote, Ugandan President Yoweri Museveni, and Kenyan President William Ruto attend the inaugural Africa We Build Summit at the

US imports no Iraqi crude oil during last week - Shafaq News
Business and Economy

US imports no Iraqi crude oil during last week – Shafaq News

2026-05-31T07:21:22+00:00 font Enable Reading Mode A- A A+ Shafaq News- Baghdad/ Washington Iraq, OPEC’s second-largest oil producer, exported no crude oil to the United States

Oil Prices Surge Amid U.S.-Iran Tension
Business and Economy

Oil Prices Surge Amid U.S.-Iran Tension

Oil prices climbed on Tuesday as investor sentiment was shaken by U.S. military actions in Iran, despite hopes of an imminent U.S.-Iran peace deal. The

Asian stocks today: Markets rise on hopes of US-Iran breakthrough; oil, inflation worries persist
Business and Economy

Asian stocks today: Markets rise on hopes of US-Iran breakthrough; oil, inflation worries persist

File photo (Picture credit: AP) Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising

BP Faces Kenyan Lawsuit Over 1980s Oil Waste Claims
Politics

BP Faces Kenyan Lawsuit Over 1980s Oil Waste Claims

A Kenyan High Court has permitted a class action lawsuit against BP to proceed, alleging environmental contamination in northern Kenya. The lawsuit claims decades of