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UAE warns it could sell oil in yuan if dollar liquidity crunch hits
The UAE has warned Washington it could switch to yuan or other currencies to settle oil sales in the event of a severe dollar shortage, with reserves at $270bn as Gulf state faces mounting Iran war pressure.
Panama Canal auction prices quadruple as Hormuz closure reshapes global energy flows
A Chinese tanker just paid $4mn to jump the Panama queue. With Hormuz near-closed, the canal has become the world's most contested shipping lane — and prices are only heading one way.
Atomic Eagle reports 28.0mn lb uranium oxide reserve at Zambia project, bolsters board
Atomic Eagle Ltd (ASX:AEU) has reported a 28.0mn pound uranium oxide (U₃O₈) reserve at its Muntanga project in Zambia and reshaped its board, positioning the company to benefit from tightening global uranium supply and rising nuclear demand.
India’s renewable surge hits critical mass as solar drives structural shift
Much of this has been underpinned by falling technology costs and a hard fought push for energy security in which the pace of expansion over the past 12–18 months has been particularly notable.
Oil price divergence in a time of crisis
Egypt advances green hydrogen ambitions with Alexandria project
A four-company consortium has signed a memorandum of understanding (MoU) to explore developing a major green hydrogen hub in Alexandria
Iran MP plans for strategic management of Strait of Hormuz using the rial
Iran's parliamentary infrastructure commission chief has set out detailed terms for a strategic management plan for the Strait of Hormuz, including an Israeli shipping ban and tolls payable only in rials.
Egypt targets output boost from Western Desert drilling projects
The Egyptian government is accelerating efforts to raise domestic oil and gas production, with the Ministry of Petroleum and Mineral Resources expecting to complete drilling of the North Lotus Deep 2 well in the Western Desert before the end of May
Algeria launches new hydrocarbon licensing round
The Algerian government has launched a new international tender for hydrocarbon exploration licences to boost foreign investment and expand its energy output
Egypt plans to repay $600mn in dues for international oil firms by May
The Egyptian Ministry of Petroleum and Mineral Resources plans to repay around $600mn owed to international oil and gas companies operating in the country before the end of May
Mexico's Amigo LNG targets final investment decision in May
Mexico’s Amigo LNG is targeting a final investment decision on May 20.
Edison warns that QatarEnergy may extend force majeure past mid-June
Italian energy firm Edison is cautioning that QatarEnergy may need to prolong its force majeure on gas deliveries beyond its earlier set timeline of mid-June.
India to benefit from US extension of Russian oil waiver
The United States has opted to extend a waiver permitting limited transactions involving Russian oil, despite sustained political opposition from within Washington.
Iraq moves to restart oil exports as it seeks stability and revenue
Iraq is restarting oil exports, expanding outlets and advancing gas projects to restore revenues, stabilise supply and reshape its upstream sector amid regional disruption.
Carney leads middle power coalition drive as CANZUK gains traction
Canada's Mark Carney is driving a middle power alliance push through CANZUK and a wider variable-geometry foreign policy, backed by NATO 2% defence spending this year and plans for a Defence, Security and Resilience Bank.
Russian sabotage operations in Europe almost quadrupled in 2024, IISS says
Russian sabotage operations in Europe almost quadrupled from 2023 to 2024 according to IISS research, with submarine cables, legacy IT systems and underinvestment in critical infrastructure identified as key vulnerabilities.
Iran hardliners attack Araghchi's Hormuz tweet as 'incomplete and misleading'
Iranian hardline media have criticised Foreign Minister Araghchi for posting an incomplete tweet announcing the reopening of the Strait of Hormuz, calling it poor communication and demanding tighter messaging control.
Iran reopens Strait of Hormuz to commercial shipping under ceasefire terms
Iran has reopened the Strait of Hormuz to commercial shipping for the rest of the two-week ceasefire under three conditions, with Trump saying the US naval blockade will remain in force against Iran only.
Ankara proposes grand rewiring of Middle East energy export map amid Hormuz blockade
Turkey wants to see a slew of Gulf and other pipelines converge on its territory to ensure the world will never again be cut off from sufficient oil and gas.
Egypt approves two oil and gas exploration agreements worth $85mn
The Egyptian cabinet has approved two new agreements for oil and gas exploration with a minimum combined investment of $85mn
BlackRock among big funds backing Uzbek state’s first foray on to global equity markets
Asset managers sign cornerstone deals for $300mn of IPO global depositary receipts in Uzbekistan’s national investment fund UzNIF.
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