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US quietly ships 30,000 barrels to Cuba's private sector as state blockade holds
The United States has exported roughly 30,000 barrels of fuel to Cuba's private sector since early February, Reuters revealed, disclosing for the first time a carve-out that allows private Cuban firms to receive US supplies amid an oil blockade.
Hormuz closure threatens global chemicals supply chains, Fitch warns
Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.
Venezuela's two most powerful women pitch competing visions to investors
Venezuela's acting president Delcy Rodríguez is due to address an international investment summit in Miami on March 25, a day after opposition leader María Corina Machado made her own appeal to the energy industry at a separate Houston conference.
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Iran tells ‘non-hostile vessels’ they can pass through Strait
Tehran has formally notified the International Maritime Organization (IMO) that “non-hostile vessels” may now navigate the Strait of Hormuz, provided they act “in co-ordination with Iranian authorities”.
Egypt plans LNG imports worth up to $3bn ahead of summer demand
Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.
The Philippines declares national energy emergency
The Philippines has declared a nationwide energy emergency, becoming the first country to take such a step in response to disruptions caused by the ongoing conflict involving Iran.
Bangladesh nears launch of first nuclear power plant
Bangladesh is set to bring its first nuclear reactor online within months, marking a long-delayed milestone as the country struggles with severe energy shortages linked to disruptions in the Middle East.
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Kazakhstan cancels contract with Shell and Eni
State takes charge of building processing facility at Karachaganak field.
ADNOC restarts Habshan gas plant while LNG export disruptions continue
The United Arab Emirates has resumed operations at its largest gas processing facility following an attack that halted output, even as exports of liquefied natural gas remain severely constrained by disruption in the Strait of Hormuz.
Which countries in Europe and Asia have the most reserve coal-fired generating capacity in reserve?
Natural gas prices have already doubled since the start of the war in the Middle East and are expected to rise higher as the last of Qatar’s LNG exports arrive at their destinations. Now everyone is switching to coal.
Middle East conflict causes surge in gas flaring and emissions
The war in Iran has caused a spike in gas flaring across the Middle East is adding to greenhouse gas emissions as energy infrastructure disruptions linked to regional conflict force producers to burn excess fuel.
Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact
Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Trump says Hormuz will reopen 'very soon' if US-Iran deal works
Trump says the Strait of Hormuz will reopen "very soon" if a US-Iran deal works, but Tehran denies any negotiations and says the blockade will not return to pre-war conditions.
Chinese refiners eye Iran oil under temporary US waiver
China’s state-owned refiners are reviewing potential purchases of Iranian crude after Washington allowed limited sales of cargoes already loaded on tankers to ease supply pressures from the Middle East conflict.
Asia falls back on coal as LNG shortages drag on
From South Korea to Indonesia to Bangladesh, governments are increasingly turning back to coal-fired power generation to help offset a widening shortfall in LNG imports.
Cow dung to power Suzuki biogas push in India
The facility, located in Bhukhala in Gujarat in Northwest India processes cow dung to generate methane for use in compressed natural gas vehicles.
Egypt moves to fully clear $1.3bn dues to oil partners by end-June 2026
The Egyptian government is doubling its efforts to settle outstanding payments to foreign oil and gas partners to restore investor confidence and support production growth. It moves to fully clear $1.3bn dues to oil partners by end-June 2026
Libya’s El Feel oilfield halted as pipeline diverted after Sharara fire
Libya’s El Feel oilfield has been shut down since March 19 after its pipeline was repurposed to transport crude from the Sharara field following fire damage.
BP and Arcius Energy to drill four new gas wells in Egypt’s Mediterranean
UK energy major BP and Arcius Energy are preparing to drill four new gas wells offshore Egypt as part of a broader push to expand exploration activity in the Mediterranean.
Appetite for Turkmen gas could rise in China, Turkey and Europe amid Hormuz crisis
Disruption to Middle East supplies may have concentrated minds. Is Central Asia gas a better bet?
Iran war drives Egypt’s energy bill higher amid surging import costs
Egypt faces mounting pressure from an annual energy bill approaching $20bn, as global geopolitical tensions driven by the US-Israeli strikes on Iran and domestic production challenges complicate efforts to secure sustainable energy supplies
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