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Colombia climate conference closes with push to end oil, gas and coal
War and climate crisis collide in Colombia, where over 50 nations are mapping a path away from oil, gas and coal — outside the UN process that has repeatedly failed to act.
Europe bought more Russian LNG in March than at any point in history, the same week it banned imports
Despite threatening to end Russian LNG imports completely next year, prompting the Kremlin to threaten to cut off gas exports to Europe before then, the EU just imported the most LNG in history as it slides into an expanding gas crisis.
Albania, US firms sign $6bn LNG deal to boost Balkan energy security
Albania signed a 20-year agreement with AKTOR Group’s US subsidiary to import liquefied natural gas.
French Air Liquide plans to expand investments in Egypt’s industrial gases and clean energy
Berlin's Kazakh oil fiction is ending and the numbers don't add up
The Kremlin has announced that it will end a three-year old deal to deliver “Kazakh” oil to Berlin from the start of May, plunging Berlin into a fresh energy shortfall crisis as it scrambles to find an alternative source of crude.
Iran slams US seizure of two oil tankers as ‘piracy’
Iran condemned the US seizure of two tankers carrying Iranian oil in the Indian Ocean, calling the confiscation of 3.8mn barrels of oil an example of “US addiction to lawlessness” and the “outright legalization of piracy” amid a naval siege.
Cameroon awards five offshore blocks in oil and gas licensing round to boost exploration and production
Cameroon’s national oil company SNH has announced results from its 2025 oil and gas licensing round, awarding five of the nine auctioned offshore exploration and production blocks.
Sierra Leone awards offshore oil blocks to Nigeria’s Marginal Energy
Sierra Leone has granted Nigeria-based Marginal Energy Limited rights to explore five offshore blocks as the government seeks to revive investor interest in its upstream sector
India’s carbon market gains traction
India has recently told the Carbon Credit Trading Scheme to reduce, remove, or avoid greenhouse gas emissions in the Indian economy by pricing such emissions through the trading of Carbon Credit Certificates.
UAE withdraws from OPEC following years of frustration
The UAE will officially leave the OPEC alliance in May, driven by mounting frustrations over production quotas that constrained its expanded capacity.
Polish coal firm JSW reports heavy 2025 losses as government approves rescue plan
The EU's largest producer of high-quality hard coking coal reported multi-billion-zloty losses for 2025, as the Polish government approved a rescue scheme to stabilise the company.
Indian firms announce oil, gas discovery in Libya's Ghadames Basin
Indian energy companies have announced a new oil and gas discovery in Libya’s Ghadames Basin, adding to the country’s overseas energy portfolio amid volatile global crude markets and tensions in West Asia
Bosnia, Croatia sign gas pipeline deal despite civil society backlash
Southern Interconnection intended to boost energy security and reduce reliance on Russian gas, but civil society groups warn it risks locking the region into fossil fuel dependence.
UAE announces its withdrawal from OPEC
The United Arab Emirates has announced its withdrawal from OPEC and the broader OPEC+ alliance, effective May 1, 2026, stripping the cartel of one of its highest-capacity and lowest-cost producers.
Drone strike triggers fire at Russia's Tuapse oil refinery in latest attack on Black Sea facilities
A drone strike triggered a fire at Russia's Tuapse oil refinery on April 28, the third attack on the Black Sea port city's infrastructure in recent weeks. Earlier strikes on the seaport caused a major oil spill into the Tuapse River and Black Sea.
Iran runs out of oil storage as US blockade of Strait of Hormuz holds
Iran is running out of crude storage as the US blockade of the Strait of Hormuz continues to prevent tanker exits, with at least 38 vessels held since the start of the blockade, Kpler and Tanker Trackers data show. Output may fall to 1.2-1.3mn b/d.
Egypt allocates $10.7bn for gas imports in FY 2026/27, up 26% y/y, as global prices grow
Egypt has earmarked around $10.7bn to secure its natural gas and liquefied natural gas (LNG) needs for FY 2026/27, which starts in July 2026, up 26% year-on-year.
Iran faces infrastructure damage as US blockade exhausts crude storage
Iran is transferring millions of barrels of crude onto supertankers as a US naval blockade in the Strait of Hormuz and Gulf of Oman restricts its export routes
Central Asia targets skills gap as renewable energy push accelerates
With investments into renewables accelerating, the region faces a widening gap between labour market needs and available skills.
A super El Niño due this year and the world is not ready
The numbers released last week by an international consortium of climate scientists are remarkable in their uniformity. Every single key indicator of the state of the Earth's climate system set a new record in 2025. And not in a good way.
Latin America's unfinished battle with inflation leaves the region exposed to the Iran shock
The Middle East conflict has landed on Latin America at an awkward moment. After two years of gradual progress bringing inflation under control, the region's central banks now face the prospect of that effort being undone by an external conflict.
NGOs urge Western Balkans to avoid ‘gas lock-in’
47 civil society organisations call on Western Balkan governments to abandon plans for new gas infrastructure, warning the region risks becoming locked into costly fossil fuel dependence.
Strait of Hormuz remains effectively closed as Iran maintains shipping restrictions
Only four vessels transited the Strait of Hormuz on April 26 according to Kpler data, Tasnim has reported, indicating the world's most important oil chokepoint remains effectively closed at Iran's discretion despite the April 7 ceasefire.
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