Commodities
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Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
Oil firm Saudi Aramco announced its profits of Ksh.4.3 trillion (US$30.08 billion) for the second quarter, a sharp fall from…
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Cooking gas price in Kenya down 17% in fresh review
The price of cooking gas in Kenya has dropped significantly in what is seen as the push by the state…
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Crude duties to cost edible oils sector more
Kenya’s Ministry of Investment, Trade & Industrialisation Cabinet Secretary Moses Kuria has added fireworks to the unfolding edible oils importation…
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Court throws out lawsuit against Ksh.648.5bn oil project linking Tanzania, Uganda
A court in France has thrown out a lawsuit filed against TotalEnergies by two French and four Ugandan groups over…
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Uranium price up to Ksh.6,300 per pound on increased nuclear power demand
Amidst the global energy crisis and the push towards achieving net-zero emissions, nuclear energy is experiencing a resurgence.Countries worldwide are…
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Energy transition, investment and regulations dominate talks at Mining Indaba 2023
As Africa progresses towards its net zero emissions targets, it needs to transition from a fossil fuel-based energy system to…
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U.S. to sell 26 million barrels of crude oil from reserve
The United States is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had…
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KQ resumes code share agreement with Royal Air Morac
Kenya Airways (KQ) has summed a code share agreement with Royal Air Maroc (RAM) for passengers travelling from Marrakech and…
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Russian oil output to fall 1.4 million barrel per day as EU ban takes effect
Russian oil production will be hit hard starting next year as the European Union implements ban on seaborne exports of…
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Fuel price drops by Ksh.1 in latest EPRA review
Price of fuel dropped by Ksh.1 in two consecutive months in fresh review by the Energy Petroleum and Regulatory Authority…
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