BP boosted jet fuel output at European refineries by ~30% during the Iran conflict, helping the region avoid shortages while millions of barrels were locked in the Persian Gulf

EIA cuts 2026 WTI forecast to $76.26/bbl from $88.32; Brent lowered to $81.91 vs prior $95.39. 2027 WTI projected at $60.76, Brent at $64.76, both sharply below previous estimates.

EIA lowers 2026 WTI price forecast to $76.26/bbl from prior $88.32/bbl and 2027 to $60.76/bbl from $74.39/bbl. 2026 Brent forecast cut to $81.91/bbl from $95.39/bbl; 2027 Brent seen at $64.76/bbl vs prior $79.39/bbl.

US energy blockade hampers Cuba's power restoration nearly 24 hours after nationwide blackout left the island without electricity

A US energy blockade is hampering Cuba's efforts to restore electricity nearly 24 hours after a nationwide blackout struck the communist-run island.

Renaissance Africa Energy reports "significant" oil discovery in a Nigerian block formerly held by a Shell unit, as crude rally gains accelerate local development plans.

Renaissance Africa Energy announced a "significant" oil discovery in a Nigerian block previously held by a Shell unit, highlighting growing local company capabilities, with gains from the Iran-war crude rally accelerating plans.

Dangote to build $17 billion mega-refinery on Kenya's coast, spokesman confirms. The planned facility by Africa's richest person would mark one of the largest private refining investments on the continent.

A new mega-refinery to be built on the Kenyan coast by Africa's richest person will cost up to $17 billion, a Dangote spokesman confirmed.