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EV sales overtake petrol vehicles in EU for first time
Sales of EVs overtook standard petrol cars in the EU for the first time in December 2025, marking a milestone in the bloc’s transition to cleaner transport and reducing its reliance on oil imports.
Ghana’s ZEN Petroleum targets $58.6mn IPO in major local market test
Through its core subsidiary, ZEN Petroleum Limited, the group ranks among Ghana’s top four oil marketing companies with an estimated 6% market share.
Venture Global reaches settlement with Edison over Calcasieu Pass cargo deliveries
US LNG giant Venture Global has come to a settlement agreement with Italy’s Edison of the pending arbitration case concerning Venture Global’s failure to deliver cargoes from its Calcasieu Pass plant.
Egypt turns to Libya for oil imports as Hormuz disruption halts Kuwaiti supply
Egypt plans to import at least 1mn barrels of crude oil per month from Libya to offset a halt in Kuwaiti supplies caused by the effective closure of the Strait of Hormuz
Houthi strike puts Red Sea shipping on alert as Hormuz remains shut
Yemen’s Houthi strike on Israel has renewed fears that Bab el-Mandeb could join Hormuz as a critical choke point for global shipping and energy flows
Dubai underwater following torrential rains
Dubai was underwater after torrential rain overwhelmed the sewage system and left roads under water and street level shops swimming in water on March 28.
Satellite imagery confirms extensive damage at Qatar’s Ras Laffan LNG plant
Satellite imagery indicates significant damage at Qatar’s Ras Laffan LNG plant that was hit by Iranian missiles on March 18, including the apparent collapse of primary heat exchangers at Train 6 and structural damage to adjacent facilities.
Pakistan confirms passage for 20 ships through Strait of Hormuz
Pakistan has confirmed an agreement with Iranian authorities allowing 20 Pakistani-flagged vessels to transit the Strait of Hormuz. It is a development presented by Islamabad as a step towards substantially easing the nation's energy disruption.
Bulgaria backs EU deal on Vertical Gas Corridor to secure regional gas supplies
Operators of the Vertical Gas Corridor have agreed with the European Commission on a long-term framework to secure reliable gas supplies to Southeastern Europe.
Iran war is Asia's Ukraine moment, rapid green energy rollout will accelerate
Three quarters of the world's population live in fossil importing countries and bleed out at least 3% of GDP every year to import oil to run their cars and power plants.
Russia selling oil at premium as Hormuz disruption tightens global supply
Russia is now selling oil at a premium on some routes as Strait of Hormuz disruption tightens global supply, Deputy Prime Minister Alexander Novak has said, marking a sharp reversal from post-sanctions discounts.
India adopts multi front fertiliser strategy as West Asia crisis unfolds
The biggest short term vulnerability for Indian energy security is liquified petroleum gas using in cooking - of which India imports over half of its consumption demand via the Strait of Hormuz.
Bangladesh’s power sector at a crossroads
With the Middle East in turmoil, the new Bangladesh government faces a critical moment in its power and energy landscape.
Kazakh oil export headache worsens as Ukraine targets drone attacks at Russian Baltic ports
Already facing difficulties with Black Sea shipments, Kazakhstan now has a problem with northern route.
South Africa warns against panic buying as fuel supply fears grow
The South African government has moved to calm fears surrounding fuel supplies as the war with Iran rages on, noting that the country had enough capacity in reserve to last until April.
Saudi Arabia boosts Red Sea oil exports to 4.4mn b/d
Saudi Arabia has sharply increased crude exports from its Red Sea terminals at Yanbu as it diverts shipments away from the Persian Gulf and the Strait of Hormuz, where flows have been severely disrupted since late February, according to Bloomberg.
Venture Global, Vitol sign LNG offtake agreement
US LNG producer Venture Global and commodity trader Vitol have signed a new binding five-year LNG offtake agreement.
Putin warns Russian business not to squander 'Iran war' oil windfall
Putin has warned Russian businesses not to fritter away oil windfall profits as commodity prices surge amid the Middle East conflict, cautioning that market conditions could reverse sharply.
Coastal GasLink, LNG Canada sign agreement ahead of potential second phase
Pipeline operator TC Energy's Coastal GasLink unit has entered into commercial agreements with LNG Canada ahead of a potential second phase for both projects.
Nigeria’s Dangote Refinery benefits from Middle East war as fuel imports dry up
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery is gaining leverage as the war with Iran continues in the Middle East, providing petrol for countries across Africa as imports dry up.
Italy, Spain race to secure Algerian gas amid Middle East crisis
Italian PM Giorgia Meloni is seeking to boost gas flows from Algeria, as Italy, along with Spain, competes to secure alternative energy supplies from North Africa, following disruptions in Middle Eastern exports
Extreme heat will kill more people in poor countries than the rich
Poorer countries are projected to suffer sharply higher mortality from the increasing frequency of extreme heatwaves than wealthier nations, with death rates potentially rising by as much as tenfold.
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