Hormuz shock splits Africa as Kenya loses Middle East sales, Angola’s $4bn fuel subsidy bill erodes oil windfall

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By Newsbase 13 November 2026
The Hormuz closure cost 32 African importers $21.9bn while nine exporters gained $21.6bn, but fuel subsidies and import bills are eroding the windfall in Angola and Libya.

Ghana courts ExxonMobil, Shell and Chevron in six-deal push to lift oil output

AfrOil - Africa Oil & Gas
By Newsbase 13 November 2026
Ghana aims to sign at least six petroleum agreements by March 2027 with firms including ExxonMobil, Shell, Chevron, Eni and Petrobras as oil output recovers from a six-year decline.
Urals sold at $31-33 a barrel below Dated Brent at Russian ports in the week to November 6 and lost its premium in India, as Gulf barrels reclaimed buyers through Hormuz.

Russia's Urals discount widens to deepest since April 2023 as Gulf crude returns

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 13 November 2026
Discounts on Russia's Urals crude at its ports have widened to the deepest since April 2023 as Gulf oil returns through Hormuz.
Renewable energy use grew by more than 60% between 2017 and 2025, but still met only 8.6% of global demand as fossil fuel consumption kept rising.

Renewables growth fails to oust fossil fuels as France alone hits transition target - Energy Institute

REM - Renewable Energy
By Ben Aris in Berlin 13 November 2026
Most big energy users now burn less energy per dollar of output, but global fossil fuel use is still up 8% since 2017, the Energy Institute said on November 10.
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