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Trump agrees to two-week ceasefire with Iran after Pakistani mediation
Trump agrees to a two-week ceasefire with Iran after Pakistani mediation, suspending threatened strikes on civilian infrastructure.
Eni announces significant gas discovery off Egypt’s Mediterranean coast
Italian energy major Eni (BIT:ENI) announced a significant discovery of natural gas and condensates off Egypt’s Mediterranean coast on April 7, a development that could bolster the country’s energy outlook
Energy strikes redraw Gulf risk for global oil and gas
Violence between Israel, the US, and Iran reached a fever pitch this week, as targeted strikes on refineries and ports crippled vital global energy infrastructure.
Price of Russia’s Urals oil hits highest since 2013
Price of Russian Urals blend oil hit the highest in 13 years amid the supply squeeze fallout from the war in Iran
Energy shock drives food price pressures in North Macedonia
Policymakers, businesses and households are bracing for potential spillover effects as higher energy costs begin to filter through the economy.
Blackstone invests in Bulgarian solar developer Sunotec
German-Bulgarian solar photovoltaic developer Sunotec has secured a structured equity investment from funds managed by Blackstone’s Tactical Opportunities unit to support its expansion across Europe.
US strikes hit Kharg Island defences as Iran says oil exports intact
US forces struck military targets on Iran’s Kharg Island, as Iranian sources insisted the country’s main oil export hub remained fully operational despite heavy bombardment.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
The world could run out of chocolate by 2050
The world could face a severe shortage of chocolate by 2050 as climate change disrupts cocoa production in key growing regions, according to scientific estimates and industry data.
Meloni visits Gulf to cement Italy's energy ties as European rift with US over Iran widens
Italian PM Giorgia Meloni concluded a two-day tour of the Persian Gulf on April 4, meeting the leaders of Saudi Arabia, Qatar and the United Arab Emirates in an effort to shore up Italy's energy security as Iranian attacks on GCC countries continue.
Bosnian lawmakers set to fast-track gas pipeline amendments despite transparency concerns
Southern Gas Interconnection pipeline faces scrutiny over planned fast-track law changes in Bosnia to enable Trump-linked investor to take over project.
Somalia poised to begin its first offshore oil drilling operations with Turkey’s help
Somalia is preparing to begin its first offshore drilling campaign with Turkey’s deepwater drillship "Çağrı Bey", a milestone in efforts to test a frontier basin estimated to hold 30bn barrels of prospective oil.
Nigeria's Dangote refinery owner says crude supply doubled amid Middle East disruption risks
Nigeria has increased crude supply to the $21bn Dangote refinery, but deliveries remain below full capacity needs, amid ongoing supply constraints even as the plant expands exports across Africa amid global oil market disruptions.
Iranian crude trades at a premium to Brent after US waives sanctions
Iranian Light crude is trading at a $1 premium to the benchmark Brent price since the US waived a sanctions-ban on buying Iran crude already at sea to ease prices on the international market.
Slovak PM Fico to visit Moscow for Victory Day
Robert Fico was the only EU leader to attend the Moscow parade commemorating the 80th anniversary of the end of WWII last year.
Southeast Asia’s energy squeeze
The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.
Serbia starts trial run of desulphurisation plant at key coal power station
Serbia’s state power utility EPS has begun trial operations of a flue gas desulphurisation unit at its Nikola Tesla B coal-fired power plant, part of efforts to curb emissions and align with European environmental standards.
US EXIM bank approves $2bn in credit guarantees to support LNG exports to Egypt
The Board of Directors of the Export-Import Bank of the US (EXIM) has approved credit guarantees worth over $2bn to support the export of US liquefied natural gas (LNG) to Egypt.
Libya's oil production reaches a decade-high amid regional energy shifts
Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.
Pakistan initiates digital payouts to transport sector to counter fuel shock
Pakistan’s Prime Minister Shehbaz Sharif has said the government has started to distribute relief funds to public transport and freight operators through digital wallets, as it seeks to cushion the impact of sharply rising fuel costs.
Iran ramps up Jask exports, but still heavily reliant on Kharg Island
Iran has increased loadings from its Jask terminal, but the port remains a supplement rather than a substitute for Kharg Island
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Explosives found near Serbia gas pipeline ahead of Hungary vote
Powerful explosives were discovered near a key gas pipeline in northern Serbia that supplies Russian gas to Hungary, raising concerns about energy security a week before Hungary’s parliamentary election.
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