Energy
Oil and natural gas markets, energy companies, and the broader energy sector. Supply, demand, geopolitics, and price dynamics.
Dangote Refinery switches fuel pricing to US dollars, ending naira sales
Dangote Petroleum Refinery abandoned naira-denominated fuel pricing on 14 July 2026, setting gasoline at $0.779/litre, diesel at $1.087/litre, and jet fuel at $0.942/litre; the Nigerian naira and DANGOTE.LG were mentioned in connection with the development.
Brent up 20.7% in six months; Russian refining output 40% below pre-war levels
Brent closed at $78.36 (+20.7% over six months) and WTI at $73.66 (+22.1%) on 12 July 2026; gold fell 14.2% to $4,086, natural gas fell 25.2% to $2.92, and sterling closed at $1.3376. Russian refining output ran more than 40% below pre-war levels amid Ukrainian drone strikes on refineries and export infrastructure.
Brent rose 20.7% over six months to $78.36 on 12 July 2026
Brent crude closed at $78.36 on 12 July 2026, up 3.1% on the day and 20.7% over six months, while WTI closed at $73.66, up 22.1% over the same period. Nigeria exported approximately 55.4 million barrels of crude in January–February 2026, with production averaging 1.46 mbpd in January and 1.31 mbpd in February.
NEE Q2 2026 update — filings and holdings
CVX Q2 2026: filings, holdings, and macro context
XOM Q2 2026: filings, holdings, and macro context
Australia-India uranium supply deal finalised after 12 years of negotiations
Australia and India finalised a uranium supply agreement on 9 July 2026 following Modi's Melbourne visit, concluding 12-plus years of negotiations. AustralianSuper's additional A$500 million India infrastructure commitment brought its total exposure there to A$3.3 billion.
Bloomberg: $1.6bn Russian energy transshipped via Indonesia's Karimun Island
At least $1.6bn in Russian diesel, fuel oil, and petroleum products was transshipped through Karimun Island, Indonesia, to Asian buyers, per Bloomberg Markets on 9 July 2026. No regulatory response from Indonesian, Western, or international bodies was reported.
Canada approves Pacific coast oil pipeline; TSX energy sector rises
Canada's federal and Alberta governments jointly approved a new Pacific coast oil pipeline on 3 July 2026, with C$150 billion in associated investments announced. The TSX rose on Friday following the announcement, with the energy sector contributing to the gain.
NEE Q2 2026 update — filings and holdings
CVX Q2 2026: filings, holdings, and macro context
XOM Q2 2026: filings, holdings, and macro context
KKR acquires EDF Power Solutions North America for $4.2 billion
KKR agreed to acquire EDF Power Solutions North America from EDF for $4.2 billion in a deal reported on 1 July 2026, encompassing over 5.6 gigawatts of operating wind, solar, and battery storage assets across North America.
NEE Q2 2026 update — filings and holdings
CVX Q2 2026 update — filings and holdings
XOM Q2 2026 update — filings and holdings
Explosion at Qatar's Ras Laffan gas facility injures 54, 18 missing
An explosion and fire struck the Barzan facility at Ras Laffan Industrial City on 21 June 2026 during restart operations, injuring at least 54; QatarEnergy cited a technical malfunction and assessment of LNG export impact was ongoing.
Moscow fuel rationing begins after Ukrainian drone strikes hit Gazprom Neft refineries
Moscow fuel rationing was reported after sustained Ukrainian drone strikes degraded Russian refining capacity over several months; Brent crude, WTI, Gazprom Neft, and Lukoil were named in coverage connected to the infrastructure damage.