A 200,000–300,000 b/d discovery could redraw East African oil trade, challenge Uganda’s export project and give Indian refiners a rare nearby crude source

A 200,000–300,000 b/d discovery could redraw East African oil trade, challenge Uganda’s export project and give Indian refiners a rare nearby crude source

Somalia begins its first offshore drilling campaign, raising oil supply expectations. WTI reaching $110 in July 2026 at 2.1% YES.