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Oil prices climbed sharply after Donald Trump rejected Iran's peace plan, sending ripples through global markets. The rupee hit a record low and equities slumped in India amid the developments. This follows last week's US-Iran exchange of fire that shattered a fragile ceasefire.

May 09, 2026 Iniulat ng AI

Ring Energy, Inc. conducted its first quarter 2026 earnings conference call on May 7. The virtual event featured company executives providing an overview of operations and financial results.

Colombia's National Hydrocarbons Agency (ANH) reported average oil production of 740.812 barrels per day (Bppd) in the first quarter of 2026. In March, it rose to 740.497 Bppd, up 5.573 Bppd from February. The gain stemmed mainly from recovery in the Meta field after resolving social blockades.

April 28, 2026 Iniulat ng AI

Ecopetrol will report on its operations, revenues, and EBITDA for the first quarter of 2026 on May 12 and 13. Interim president Juan Carlos Hurtado will present the figures instead of Ricardo Roa, who requested vacation and unpaid leave. The company projects declines in revenues and net profit compared to last year.

Nigeria's billionaire Aliko Dangote pledged to Presidents William Ruto of Kenya and Yoweri Museveni of Uganda to build a refinery identical to his Lagos plant if they provide support. The facility would be in Tanzania's Tanga area, linked by pipeline to Mombasa. The commitment came at the Africa We Build Summit 2026 in Nairobi on April 23.

April 22, 2026 Iniulat ng AI

Crude oil prices have surpassed $100 per barrel amid stalled peace talks between the United States and Iran. Trade through the Strait of Hormuz remains restricted, with Iran seizing two ships and the US maintaining a naval blockade. Analysts warn of further price increases due to ongoing disruptions.