The Petroleum Authority of Uganda (PAU) is entering a new phase of leadership as the country moves closer to commercial oil production and crude exports. After about a decade at …
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BusinessEconomicsEnergyFinanceGlobal NewsLatest NewsNational NewsNewsOil & Gas
Uganda Is About to Get Richer and Poorer at the Same Time
Uganda is approaching a rare economic situation in which the same rise in global oil prices could make the country richer in the future while making it poorer in the …
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BusinessEconomicsEnergyGlobal NewsLatest NewsNewsOil & Gas
Uganda Appoints Vitol to Market Pearl Sweet Crude Oil
Uganda has taken a major step towards becoming a crude oil exporter after the Uganda National Oil Company (UNOC) appointed global energy trader Vitol to market the country’s allocation of …
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EconomicsEnergyLatest NewsMineralsNational NewsNewsOil & Gas
Uganda Names Its Crude Oil Pearl Sweet as First Oil Nears
Uganda has given its crude oil a formal market identity as the country moves closer to commercial production, naming its export blend “Pearl Sweet”. President Yoweri Museveni unveiled the name …
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BusinessEconomicsGlobal NewsLatest NewsNewsOil & Gas
If the Strait of Hormuz Carries Only 20% of the World’s Oil, Why Is It So Crucial?
The Strait of Hormuz carries roughly a fifth of the world’s petroleum liquids consumption. That sounds significant, but not overwhelming. Yet when the strait comes under threat, global oil, gas, …
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BusinessEconomicsEnergyLatest NewsNational NewsNewsOil & GasRegional News
EACOP hosts Chief Justice and Bank of Uganda Governor at Pump Station One ahead of first oil
The East African Crude Oil Pipeline (EACOP) today hosted a high-level delegation led by the Chief Justice of Uganda, Dr. Flavian Zeija, and the Governor of the Bank of Uganda, …
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EconomicsEnergyLatest NewsNewsOil & Gas
UCEM Hosts 2nd Annual Energy Convention to Drive Uganda’s Tenfold Growth
The Uganda Chamber of Energy and Minerals (UCEM) today hosted the 2nd Annual Energy Convention at Four Points by Sheraton, Kampala, bringing together government leaders, industry players, investors, financiers, and …
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BusinessEconomicsFinanceIndustry & TradeLatest NewsMineralsMiningNews
Uganda Shilling Shines as East Africa’s Only Currency to Appreciate in June
There is a quiet shift happening in East Africa’s currency markets, and Uganda is emerging as the standout performer. While several regional currencies faced pressure against the US Dollar in …
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AgricultureBusinessFinanceLatest NewsNewsOil & Gas
Why Fuel Prices Are Rising While Food Prices Fall
Ugandans may be enjoying some relief at food markets, but a sharp rise in fuel prices is creating a new economic challenge that could affect transport costs, business operations, and …
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Russia is one of the world’s largest oil producers, extracting millions of barrels of crude oil every day. Yet in 2026, parts of the country are facing a problem that …
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