Latest News & Developments
Suspension of migratory bird protections sparks conservationists' alarm
The petrodollar system, which mandates that most oil transactions be made in U. S. dollars, has controlled the world oil market for decades. The dollar's standing as the world's reserve currency has been strengthened by this system, which has given the US a distinct kind of economic hegemony and enabled Washington to exercise considerable financial influence through tools like sanctions. But by lessening their reliance on the dollar, the BRICS countries are actively changing the global energy market.
Global markets brace for impact as US-China trade tensions escalate, with Trump imposing fresh tariffs on Chinese goods while deliberately postponing talks with President Xi Jinping. Beijing's immediate retaliation with counter-tariffs on US energy and vehicles signals a deepening economic confrontation between the world's largest economies.
Big increases for both petrol and diesel have been confirmed by the Department of Mineral and Petroleum Resources. Here's how much more a tank will cost you.
Global markets stand on edge as Trump's sweeping tariff deadline approaches, threatening to impose 25 percent duties on Canada and Mexico, plus additional levies on China. With less than 24 hours remaining, three of the world's largest economies prepare for potential economic shockwaves.
International oil markets are facing uncertain times in the wake of Donald Trump’s Presidency. Here's what the impact will be on your pocket next month.
Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the OECD said on Tuesday, days before climate-sceptic US President-elect Donald Trump takes office.
US President Joe Biden on Monday banned offshore drilling across an immense area of coastal waters, weeks before Donald Trump takes office pledging to massively increase fossil fuel production.
At COP29, fossil fuel interests dominate the scene, eclipsing voices from climate-vulnerable nations in urgent calls for action.
At COP29, 480 lobbyists pushing controversial carbon capture technologies have access to negotiations, raising concerns over fossil fuel interests and their role in shaping climate policy.
With 2024 on track to be the hottest year on record, COP29 begins amid fierce debates on climate finance, fossil fuel influence, and carbon emissions.
Donald Trump’s three-hour podcast with Joe Rogan stirred debate with repeated election fraud claims, tax proposals, and musings on life on Mars.
Ramaphosa’s early political involvement was first shaped by Christian student politics and later Black Consciousness movements. But his trajectory soon intersected with the interests of South Africa’s corporate elite.
Aliko Dangote says he is awaiting the green light from the state-run Nigerian National Petroleum Company (NNPC), the only entity that buys gasoline for the domestic market.
South Africans could potentially enjoy a summer season without experiencing load shedding as Eskom is showing improvement. Are we finally out of the dark?
An oil spill emergency has struck South Africa's west coast after the MV Ultra Galaxy cargo ship broke apart during severe weather, leading to a coordinated clean-up effort.
Morongwe “Mo” Mokone and Refilwe Sebothoma, pioneering entrepreneurs, have been named the winners of the 2024 Veuve Clicquot Awards in the categories of Bold Woman and Bold Future Awards, for their exceptional impact on innovation and sustainability.
Explore the fortunes and ventures of Africa's wealthiest individuals, from Nigeria to South Africa.
Transnet said the variation agreement had as its central feature that, in calculating the tariff from Durban to the Natref refinery, the so-called “neutrality principle” would apply in terms of which Natref would neither be advantaged nor disadvantaged by its inland location
The news was met with a lukewarm reception on social media, with many expressing that the drop is not enough.
The UAE has made the phase-down of fossil fuels a central agenda item, with President-designate Sultan al-Jaber describing it as “essential” and “inevitable”.
The Supreme Court of Appeal has dismissed Shell's appeal on Wild Coast oil exploration rights, but allowed a renewal application process, raising concerns over community consultation and environmental rights.
The ongoing legal saga continues as Wild Coast communities fight to protect their land and livelihoods against the backdrop of environmental degradation and corporate interests. Expert opinions shed light on the broader implications for environmental justice and community empowerment.
The global oil demand is expected to rise sharply as the supply routed through the Red Sea has come under attack by Yemen’s Huthi Rebels who are protesting the Israel-Palestine war.
South African motorists will almost certainly be hit with higher fuel prices in February, but the extent of these increases remains up in the air.