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Asia desperate for energy as Gulf disruption spreads
Across Asia, motorists are joining long lines at petrol stations as prices climb and governments across the region come to the realisation they could be left struggling to meet the energy demands of some of the world’s most populated countries.
US eases sanctions on Russian oil to keep markets supplied
US signals possible easing of sanctions on Russian oilThe US could remove sanctions on additional Russian oil supplies as Washington reassesses energy flows as Operation Epic Fury triggers the start of a global energy crisis.
IntelliNews Lambda: Europe’s gas storage drawdown slows as heating season ends, but EU will struggle to refill tanks this summer
Europe’s gas market is emerging from a difficult winter in its weakest position for years after a sharp acceleration in withdrawals from January, triggered by the “big freeze”, left storage levels well below their long-term norm.
Hormuz crisis: oil markets move from disruption to chaos
The global oil market is sliding from disruption into what could become a full-scale crisis, as the blockade of the Strait of Hormuz leaves Gulf exporters unable to ship crude and running out of storage capacity.
Gulf crude benchmarks surge as Kuwaiti oil jumps 10% and Brent nears $85 amid regional conflict
Kuwaiti crude jumps 10% to $92.81 per barrel as the Gulf conflict disrupts shipping through the Strait of Hormuz and threatens production across the region's energy exporters.
Qatar's energy minister warns Gulf-wide production shutdown looms
Qatar's energy minister warns all Gulf exporters face production shutdown within weeks, forecasting $150 oil and gas prices quadrupling as the Iran conflict chokes global energy flows.
COMMENT: Hormuz disruption unlikely to drive sustained oil price surge – Fitch
The effective closure of the Strait of Hormuz following the outbreak of conflict involving Iran is unlikely to persist long enough to trigger a sustained surge in global oil prices, according to Fitch Ratings.
Egypt activates second gas production well at West Burullus
Egypt’s Ministry of Petroleum and Mineral Resources said that a second gas well at the West Burullus field, part of Cairn Energy’s (LSE: CNE) investments, has been brought into production at a rate of 12mn cubic feet per day
India's Petronet LNG declares force majeure after QatarEnergy notice
India’s biggest LNG importer, Petronet LNG, has received a Force Majeure notice from QatarEnergy (QE), and as a result PLL has issued corresponding Force Majeure notices to companies that it supplies LNG to.
Trump takes from Putin playbook with state-backed Hormuz maritime insurance
It wasn’t missiles that closed the straits of Hormuz. It was insurance companies. At the outbreak of hostilities international insurance companies canceled war-risk coverage.
Eight-hours grid-level battery capacity will complete the green energy revolution
What started as development banks pushing emerging markets to adopt green energy because of the Climate Crisis has been transformed after the cost of producing green energy plummeted. But 8-hour batteries are key to completing the evolution.
Oil production halts loom as Gulf storage facilities rapidly fill towards capacity
US President Donald Trump has said that he thinks the conflicts in Iran will go on for about a month. However if it lasts only four weeks then all of Iraq, Kuwait, UAE, and Qatar will be forced to shut down production after they run out of storage,
Croatia proposes nuclear energy law to boost low-carbon power by 2040
The government aims to nearly the double share of nuclear power in electricity generation in the next 15 years.
Alaska offshore lease sale fails to attract any bids
An oil and gas lease sale held in Cook Inlet offshore Alaska received no bids upon closing this week
Europe’s gas crisis deepens as Putin turns the tables on Europe, threatens to cut off supplies early
Russian President Vladimir Putin sought to capitalise on the chaos on the energy markets by threatening to cut off Russian gas supplies to Europe, which is already facing a gas crisis that will amplified by the escalating war in Iran.
US shale unlikely to replace Middle Eastern oil, industry players and analysts warn
The shale industry cannot increase production rapidly enough to replace any supply disrupted as a result of the conflict in Iran in the near term, according to warnings from both industry participants and analysts.
Nigeria’s Dangote Refinery raises fuel prices as war with Iran continues
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery increased its petrol price by N101 ($0.073) this week to N875 ($0.63) per litre from N774 ($0.56) per litre, sparking concerns about cost of living.
Angola’s Sonangol in talks with Chinese lenders for $4.8bn loan
Angola’s state oil company Sonangol is currently in talks with Chinese banks as part of efforts to obtain a $4.8bn loan for the construction of the 200,000 barrels per day (bpd) Lobito refinery.
Iranian warship sunk by US submarine was not in Indian waters
The IRIS Dena was a Moudge-class frigate in Iran's regular navy fleet and was part of the Indian Navy organised International Fleet Review between February 15-25 2026.
YPF posts best earnings in 10 years for 2025
YPF reported an adjusted EBITDA of $5bn for 2025, the highest in a decade, driven by record shale oil production in Vaca Muerta despite falling international crude prices.
QatarEnergy declares force majeure on LNG shipments amid Gulf conflict
QatarEnergy declares force majeure on LNG deliveries after suspending production, threatening global gas supplies as the Gulf conflict disrupts the world's largest LNG exporter.
‘Nearly ten’ vessels hit by Iran in Strait of Hormuz, local media says
Iranian forces have struck “nearly ten” oil tankers and ships in the Strait of Hormuz since the outbreak of a US-Israeli war on Iran.
Russian shadow ship becomes first LNG carrier ever lost at sea, with Moscow blaming Ukrainian drone strike
The Arctic Metagaz tanker, under both UK and US sanctions as part of a so-called shadow fleet of vessels servicing Russia’s Arctic LNG-2 project.
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