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Bernstein Research has set a $75 per barrel long-term oil price target for equity valuations.
Analyst Neil Beveridge bases this on tightening supply fundamentals: global marginal costs are projected to rise to $77/bbl from $69 in 2025 as inflation feeds into production expenses.

Industry reserve life has fallen to a 20-year low of 10.4 years, well below the 13-year historical average, removing a key supply buffer and creating a price floor.
Reinvestment is also lagging, with the global ratio at 61% versus 80-90% historically, as firms spend cautiously amid uncertainty from the clean energy transition.

While the IEA expects EVs to displace over 5 million bpd of oil demand by 2030, Bernstein argues near-to-medium term supply constraints could still drive periodic price spikes.

Dangote Refinery cut its diesel gantry price by N100 to N1,700 per litre, effective May 27, 2026, down from N1,800. The move targets fairer pricing for marketers and stability across the supply chain, as analysts say it balances cost adjustments with market volatility.

The cut follows brief turbulence: on May 26 the refinery set diesel at N1,600/litre but retracted it the same day, making N1,700 the confirmed rate.

The reduction should ease pressure on downstream traders and improve diesel availability in key hubs like Lagos, Port Harcourt, and Warri as loading resumes. Industry sources say stable pricing will help inventory planning and margins as Nigeria’s refining sector continues to evolve.

Tema Oil Refinery (TOR) has received 1 million barrels of Bonga Crude aboard the MT Cap Felix, purchased from Shell via tolling partner Fujeirah/Triangle Commodities Trading (TCT). The May 27, 2026 delivery is a key step in TOR’s revitalisation programme.

Bonga was selected for its low-sulphur content and high refining yields. It’s expected to produce LPG, gasoline, diesel, kerosene, aviation fuel, and fuel oil for Ghana’s domestic market and regional export.

The shipment follows TOR’s restart in December 2025 after years of inactivity since 2018. The refinery is also adding a second furnace to boost capacity from 28,000 to 45,000 barrels per stream day. TOR says the move will restore stable refining, strengthen energy security, and reduce Ghana’s dependence on imported fuels, supporting its goal to become a competitive West African energy hub.

Tanzania has made a major discovery of rare earth deposits in Mkiu Village, Ludewa District, Njombe Region, southern highlands.

The find includes significant quantities of Neodymium and Praseodymium, critical minerals used in electric vehicles, wind turbines, smartphones, defense systems, and other renewable energy technologies.

The discovery emerged from joint exploration between the Tanzanian government and Chinese firm Hongji Mining Co. Ltd.
China currently dominates global rare earth processing and refining, and its mining companies are expanding across Africa to secure supply as demand surges for clean energy tech.

If commercially viable, the deposits could shift Tanzania from a mining outsider to an emerging East African hub for energy-transition minerals. The country already produces graphite, nickel, gold, and gas. This strengthens Tanzania’s bargaining power amid global competition for critical minerals.

Tanzania also holds the Ngualla project, one of the world’s largest undeveloped NdPr deposits, with China’s Shenghe Resources signed for offtake. Meanwhile, the U.S. is courting Tanzanian nickel through the Kabanga project under the Minerals Security Partnership.

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To the little ones who fill our houses with laughter, joy, and endless wonder — you turn homes into the warmest places on earth. Today we celebrate your smiles, your dreams, and the bright future you represent.

Keep shining, keep dreaming, keep being amazing! ❤️

Eid Mubarak from all of us at EntekHub! 🌙✨

May this Eid el Kabir bring you peace, love, and happiness that lasts a lifetime. We celebrate the spirit of sacrifice, unity, and new beginnings.

Russia has warned Armenia that it could lose access to cheap Russian gas if it moves away from economic integration with Moscow and strengthens ties with the European Union.

The warning comes ahead of a visit by U.S. Secretary of State Marco Rubio to Armenia for diplomatic talks.

Armenia’s foreign minister said the country still wants to maintain good relations with Russia despite seeking closer cooperation with Europe.

Tensions between the two countries have increased since the conflict over Nagorno-Karabakh, with Russia highlighting the major price difference between its gas and European market rates.

Ghana is ending exports of raw gold/doré as part of a push to capture more value from Africa’s top gold producer.
Gold Board CEO Sammy Gyamfi said “it makes no sense” to keep shipping unrefined gold when Ghana has functional refineries, with exports to stop by 2026.

New deals drive the shift: In Jan 2026, GoldBod signed with Gold Coast Refinery and South Africa’s Rand Refinery to refine up to 1 ton/week from Feb 1, giving Ghana 15% free carried interest.
In May, a second deal with Royal Ghana Gold Refinery targets small-scale output. Govt also plans a state-owned, ISO-certified refinery at Kotoka Airport.

Local refining could retain $99M-$134M annually in direct gains, plus taxes, jobs, and forex savings.

GoldBod now buys 2.5 tons/week from small-scale miners, who sold 41.5 tons worth $4B Jan-May 2025, overtaking large-scale firms.

Nigeria signs new mining deal with Türkiye to unlock $750bn minerals sector

Nigeria has signed a new mining Memorandum of Understanding with Türkiye to attract Turkish investors and unlock an estimated $750 billion in untapped mineral reserves. Solid Minerals Minister Dele Alake and Turkish Energy Minister Alparslan Bayraktar signed the deal at the 2nd Istanbul Natural Resources Summit, upgrading a 2021 agreement into a “practical, results-driven” framework.

The MoU focuses on cooperation in mining technology, geological exploration, digital systems, and capacity building. Nigeria’s reserves include lithium, gold, bauxite, iron ore, and rare earths.

The partnership follows three years of reforms: tighter regulation, a crackdown on illegal mining with 300+ arrests, and modernized licensing aimed at restoring investor confidence. Nigeria aims to diversify from oil, add local value to minerals, and secure a role in global critical mineral supply chains, while Türkiye targets $5 billion in bilateral trade.