Free Top Stories
Russia reports fuel facility fires in Saratov and Rostov after Ukrainian drone attack
Fires hit fuel facilities in Russia's Saratov and Rostov regions after an overnight Ukrainian drone attack, with Moscow blaming falling debris and Kyiv claiming direct strikes on a Rosneft refinery.
Algeria signs hydrocarbons cooperation deal with Democratic Republic of Congo
Algeria has signed a new cooperation agreement with the Democratic Republic of Congo targeting joint development across the full hydrocarbons value chain
Russia's Dmitriev says Europe needs Russia to survive
Russia's Kirill Dmitriev said Europe needs Russia to survive amid an energy crisis, after Bloomberg reported the EU is weighing a temporary freeze of its $44.10 price cap on Russian oil over the Iran war.
Gulf War III squeezes tourism-dependent economies across Southeast Asia
War-driven fuel costs and ceasefire uncertainty are squeezing tourism across Southeast Asia, with Thailand's Middle Eastern arrivals down 57% and airlines raising surcharges sharply.
India's depreciating currency a symptom of structural problems for New Delhi
The Indian rupee lost nearly 11% of its value against the US dollar y/y between May 2025 and May 2026, a slide that makes it the worst performing currency in the world against the greenback.
Putin visit to Kazakhstan fails to clarify nuclear power plant financing issue
Astana trying to stay in Kremlin’s favour.
Global oil inventories falling at record pace, critical storage threshold about to be breached - IEA
Global oil inventories are declining at a record rate as the market absorbs a major Middle East supply disruption, raising the risk of sharp price increases if the Strait of Hormuz remains closed, according to the International Energy Agency.
How effective are Ukraine’s drone strikes at destroying Russian refinery production?
Wrangling over how effective Ukraine’s drone strikes of Russian refineries has broken out amidst conflicting reports of just how much damage is being done to Russia’s key oil infrastructure.
Ukraine cuts tariffs in bid to incentivise gas storage
Ukraine has cut tariffs for gas storage services and introduced new incentives for long-term capacity bookings as Kyiv seeks to accelerate stockpiling ahead of a winter.
Asia’s coal comeback complicates energy transition across region
Taiwan has struggled to secure LNG supplies through May and finalised contracts covering roughly half of June demand, but additional procurement costs are expected to reach into the billions of US dollars to complete.
Ørsted completes cable works at Taiwan offshore wind farm
The developer said all 42 turbines at the project’s second phase, the 583-MW Greater Changhua 4 wind farm, are now connected to Taipower’s grid and generating electricity.
Estonian firm to invest €100mn in hybrid energy park in Latvia, partner with Rolls-Royce
Sunly has emerged as one of the Baltic region’s fastest-growing renewable energy developers, focusing on solar, wind and storage projects across the Baltics and Poland.
US, Thailand reportedly speed up talks on LNG supply
The US and Thailand are reportedly in talks over new long-term US-produced LNG supplies, which have accelerated in recent weeks.
Ammat Global Resources promotes Congolese-led operations as model for stronger upstream performance
Ammat Global Resources, an independent hydrocarbon producer based in the Republic of Congo, has created a competitive operating model, showing that localisation can strengthen upstream performance while supporting ESG goals.
NOG enters Canada with Duvernay acquisition
Northern Oil and Gas (NOG) has agreed to acquire a 25% non-operated interest in light oil assets located in Canada’s Duvernay shale play that are owned and operated by Parallax Energy Operating.
Niger backs Global Atomic’s Dasa uranium project amid talks with Algeria to establish export corridor
Global Atomic has renewed backing for the Dasa uranium project from Niger, which with Algeria is exploring opening an export corridor to Mediterranean ports.
South Korea builds nuclear-solar supergrid to prevent blackouts
Korea Hydro & Nuclear Power is building a multi-tiered power network to secure national electricity supplies, the Gyeongbuk-based utility has announced.
The Iberian blackout was a grid failure, not a renewables failure
When the lights went out across almost all of Spain and Portugal last year in one of the biggest blackouts since the war, experts quickly blamed the explosion of renewable generating capacity as the cause. They were partly right.
AEC presents African Energy Person of Year 2026 award to Nigeria’s Aliko Dangote
The African Energy Chamber (AEC) has presented the “African Energy Person of the Year” award to Nigerian businessman and industrialist Aliko Dangote, the founder, president and CEO of the Dangote Group.
Ukraine's drone campaign bites into Russian fuel supply as refinery damage forces emergency imports from Belarus
Russia's purchases of Belarusian gasoline on the St Petersburg commodity exchange exceeded 17,000 tonnes in early May — roughly 58-times the volume bought in the same period last year.
Output of Czech hydro plants drops by 30-50% amid continued drought
Fears this year’s drought could be the worst in 65 years, after Czechia registered only 32mm of rainfall in March and April.
India’s Morbi ceramic cluster hit by supply chain disruptions linked to Middle East conflict
The Indian ceramic and tiles industry, which maintains a deep trade link with the countries in the Middle East region, has been severely affected by the conflict involving the US, Israel and Iran.
Diplomatic progress prompts cautious resumption of Hormuz transit
The tentative reopening of the Strait of Hormuz has allowed critical LNG and crude tankers to resume transit amid progressing US-Iran diplomatic negotiations.
Morocco cuts gas imports from Spain as renewable energies expand
Morocco has reduced imports of natural gas delivered through Spain as the North African country increases its reliance on renewable energy and continues efforts to diversify energy suppliers and sources.
Egypt’s natural gas production down 8% y/y in Q1 2026 to 9.85bn cubic metres
Egypt’s natural gas production declined by 8% year-on-year (y/y/) in Q1 2026, driven by continued pressure on domestic output as demand remained elevated.
Follow us online