Dar es Salaam, Sept. 9 -- IN the second half of 2025, crude benchmarks have stabilised while refined product FOB (Free-on-Board) prices have softened, but the way African markets transmit these global shifts has become one of the clearest tests of governance and invest-ability.

Brent (ICE:CO1) trades near 66.9 US dollars per barrel and WTI (NYMEX:CL1) at 63.4 US dollars, while diesel FOB prices slipped 5.5 per cent in September, petrol eased 0.2 per cent and kerosene 3.5 per cent.

These are modest declines because global demand remains underpinned by China, which is up-stocking at an extraordinary pace of about 530,000 barrels per day—double its normal intake—while Russias latest export curbs, down 6 per cent from western po...