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Hungary’s energy ties to Russia set limits on post-Orbán pivot
Hungary’s incoming prime minister Peter Magyar may ease tensions with Brussels, but he says he won’t end imports of Russian oil and gas for now.
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
According to the Thai Energy Ministry’s latest assessment, diesel production in the country continues to exceed domestic demand with daily output reaching 83.37mn litres, compared with a nationwide demand of 68.69mn litres.
Egypt set to receive €50mn in first tranche of EU-backed green industry financing in June
China denies arms sales to Iran, warns US of countermeasures
China has denied accusations of providing military support to Iran, calling the reports fabricated and warning the US of countermeasures if tariffs are imposed on Beijing over the claims.
MOL-NIS deal faces uncertainty after Orbán defeat
Sale of a majority stake in Serbian oil company NIS to Hungary’s MOL Group is increasingly uncertain after Viktor Orbán’s defeat in Hungary’s general election, though President Aleksandar Vucic said he still expects a deal.
Guinea-Bissau strengthens energy sector leadership amid growing upstream momentum
Julio Mamadù Baldé has been appointed as Guinea-Bissau’s Minister of Natural Resources.
Germany grants new $234mn climate loan to South Africa amid grid strain
Germany has extended a €200mn concessional loan to South Africa to support grid expansion & renewable energy, reinforcing European backing for the country’s just energy transition as transmission constraints continue to limit new power capacity.
Russia warns of danger of war resuming as US blockade of Iranian ports takes effect
The Kremlin has warned that the danger of war resuming in the Middle East remains after US-Iran talks ended without result, as a US naval blockade of Iranian ports took effect on April 13.
Algeria brings 400MW of solar capacity online
Algeria has commissioned two solar power plants with a combined capacity of 400MW
Egypt eyes wind and solar projects at Gebel El Galala off Red Sea
The Egyptian government is currently studying plans to harness the high wind speeds of the Gebel El Galala region in Suez Governorate for renewable energy projects
Egyptian energy firm Petrogulf boosts output by 10,000 bpd from Gulf of Suez fields
Egyptian energy firm Petrogulf Misr, a subsidiary of the state-owned South Valley Egyptian Petroleum Holding Company, raised its oil production by nearly 10,000 barrels per day (bpd), reaching its highest output level since its establishment in 1982
Quality matters: how the Hormuz crisis tests refinery flexibility
The disruption highlights a key reality often overlooked in the oil market: while volumes may be globally fungible, crude quality is not.
South Africa's Eskom selects Thyspunt as preferred site for nuclear plant amid heritage risk
South Africa’s state-owned utility Eskom has identified Thyspunt on the Eastern Cape coast as the preferred site for a proposed 5,200MW nuclear power station, according to a draft environmental scoping report.
Lebanon on the brink of energy crisis following Iran war spillover
Lebanon faces an energy crisis that extends beyond immediate fuel price volatility fueled by the Iran war, according to a study by the Arab Center for Research and Policy Studies.
Trump orders naval blockage of Iran in a new shockwave for energy markets
Following the collapse of ceasefire talks this weekend US President Donald Trump has ordered a full naval blockade of shipping into and out of the Persian Gulf.
Naphtha shortages leading to petrochemical plants force majeures and record prices
Petrochemical producers across Asia have begun shutting down operations after disruptions to shipping through the Strait of Hormuz reduced supplies of the critical naphtha and liquefied petroleum gas (LPG) feedstocks.
Falling battery prices make round-the-clock solar power supply viable in India
A recent report by energy think tank Ember says that declining battery storage costs have reached a level where it makes it economically viable for solar power to supply most of India’s electricity demand.
Battery costs have declined by 99% in the last three decades, making electrified transport a reality – OWID
Over 20mn electric cars were sold globally in 2025 — some for as little as $10,000. Even just two decades ago, that would have been impossible. The reason it's possible now? Batteries have gotten much cheaper.
EU paid €2.88bn for Russian Arctic LNG in first quarter
The EU paid an estimated €2.88bn ($3.33bn) to Russia for liquefied natural gas from the Yamal Arctic LNG project, majority owned by Novatek (NVTK.MM), in the first quarter of 2026.
Libya announces new oil and gas discoveries in northern and southern regions
Libya announced three new oil and gas discoveries in the north and south of the country
Uzbekistan’s National Investment Fund eyes IPOs in London and Tashkent
Managed by a Franklin Templeton company, UzNIF at end-2025 held minority stakes across aviation, energy, banking and telecoms with a $2.4bn net asset value.
NewMed, EGAS seal 15-year deal to channel Cypriot Aphrodite gas into Egypt’s energy grid
NewMed Energy (TASE:NMW), a partner in Cyprus’s offshore Aphrodite gas field, announced the signing of a 15-year agreement to supply natural gas to the Egyptian Natural Gas Holding Company-EGAS (EGX:EGAS)
Oil price spike: How does the Kremlin tax its oil industry?
Oil prices have spiked and that should produce a huge windfall for the Kremlin which has been desperately short of cash to fund its war machine in Ukraine since the start of this year.
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