oil amp gaslatest news & developments
Flames rise from an oil storage facility south of the capital Tehran as strikes hit the city during the U.S.–Israel military campaign, Iran, Saturday, March 7, 2026. (AP Photo/Vahid Salemi)

Will oil prices ever truly go back to ‘normal’?

The challenge now may not be the short-term disruption to oil supply, but the realisation that the days of cheap oil are over

FILE–This March 16, 2019 file photo, shows a natural gas refinery at the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran. China’s state oil company has pulled out of a $5 billion deal to develop a portion of Iran’s massive offshore natural gas field, the Islamic Republic’s oil minister said Sunday, Oct. 6, 2019, an agreement from which France’s Total SA earlier withdrew over U.S. sanctions. (AP Photo/Vahid Salemi, File)

Gulf energy facilities under increased fire in Iran war

Tehran has intensified its attacks on Gulf energy facilities after Israel hit Iran’s critical South Pars gas field

A thick plume of smoke rises from an oil storage facility hit by a U.S.-Israeli strike late Saturday in Tehran, Iran, Sunday, March 8, 2026. (AP Photo/Vahid Salemi)

These are shaky times for oil markets. What will a prolonged war mean for prices?

Iran’s objective in its war is simple: disrupt oil exports and, by doing so, weaken its opponents’ economies.

Noose tightens on oil giants after French ‘greenwashing’ verdict

A verdict against TotalEnergies in France could open the door to legal action against the oil giant in South Africa and other African countries

Oil rig. Skeleton cloud.

From plunder to prudence: how Senegal plans to break the oil curse

The oil and gas sector in Africa has been plagued by a lack of commitment to transparency by state institutions. Senegal plans to change that

Oil. BP and Shell. Picture: Currency

Elliott makes a mint as Big Oil wrestles with identity crisis

Critics who argued the commitment of energy giants to renewables was greenwashing will feel vindicated by their haste in pivoting back to oil

Oil drill. Picture: Rawpixel/Currency collages

Drill, baby, drill gets drilled

Oil prices are crashing, Trump’s trade war is rattling markets, and his oil backers are fuming. But for renewables, the tide is turning

Sasol. Picture: Currency.

From hot start to hot mess: Sasol’s big reversal

The market’s not cutting Sasol much slack after a lacklustre production update, but some argue there’s still plenty of cash to be made on the stock

TotalEnergies

Final slap for TotalEnergies in ‘greenwashing’ case

A ruling by South Africa’s Advertising Regulatory Board is another blow to TotalEngergies’ efforts to recast itself as a defender of environmental rights

Donald Trump commodities. Image supplied

The Trump effect on commodity markets

It was interesting watching the real-time effect on markets as it became clear that Trump 2.0 was about to unfold. Stock futures soared as traders relished the prospect of…

Energy. Image by Currency

Greenwashing, dubious deals and secrecy: the dark underbelly of South Africa’s oil sector

South Africa’s just energy transition is at risk of being torpedoed by murky deals and a flawed energy plan being driven by mineral and petroleum resources minister Gwede…