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Russian refining down to record lows, LNG exports to Europe at record highs
Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis. But LNG production remains untouched and exports to Europe are at record highs.
Ukraine seeks €7bn for power recovery as allies expand air-defence cooperation
Ukraine has lost about half of its electricity generation capacity since the war began in February 2022, with flexible generating facilities among the hardest hit.
Bangladesh should strengthen nuclear expertise before investing in SMRs
As Bangladesh gets close to attaining the status of a nuclear power-generating country, policymakers have begun weighing the option of setting up Small Modular Reactors (SMRs) or adding two more large reactors to the energy portfolio.
The super El Nino is here
The planet’s seas are on their way to being as warm as bath water as the predicted super El Niño arrives. It is already clear that this year’s oceanic heating event will be the most powerful on record.
Trump reinstates Hormuz blockade on Iranian shipping, imposes 20% transit levy on all cargo
Washington will bar Iranian vessels and their customers from the Strait of Hormuz and charge a 20% levy on all other cargo transiting the chokepoint, which carries a fifth of global oil, in a sharp escalation of the US-Iran conflict.
War in Iran set to weigh on Latin America throughout 2026, ECLAC warns
The war between the US, Israel and Iran will continue to weigh on Latin American and Caribbean economies for the rest of 2026, even if last month's fragile ceasefire holds, the UN's regional economic body has warned.
Pakistan looks to LNG spot market amid disruption of deliveries from Qatar
Pakistan has issued a tender for an LNG cargo on the spot market amid concerns of further disruption of supplies from Qatar following worsening relations between Iran and the US.
Report: Global LNG trade climbs by 6% in 2025
Global LNG trade experienced a banner year in 2025 rising by 6.3% to reach a record volume of 437 mn tonnes, according to the International Gas Union’s World LNG Report .
Iran's Persian Gulf Strait Authority declares Hormuz transit 'impossible'
Iran's newly created Persian Gulf Strait Authority has declared transit through the Strait of Hormuz impossible, citing US military activity and formalising the closure of the world's most important oil chokepoint.
UAE’s ADNOC expands fleet with 4 new LNG carriers
The Abu Dhabi National Oil Company is increasing the size of its LNG fleet with an order made for four next-generation LNG carries from China’s Jiangnan Shipyard.
Central Asia battles to stop fuel squeeze turning into supply shock
Sustained Ukrainian attacks on Russia’s refineries increasingly hitting motorists across region.
Iran-Oman Hormuz talks overtaken by escalation as Tehran closes strait
Iran and Oman discussed Hormuz shipping security in Muscat hours before Iran closed the strait and struck US bases and Gulf states, after CENTCOM said the US hit around 140 targets in Iran.
Qatar’s plans to restart full output of LNG stifled by Iranian attack on vessel
With passage through the Strait of Hormuz uncertain, Qatar must now delay its ramp-up of LNG production.
Croatia moves to boost geothermal energy investment with new georesources law
Croatia's government has proposed new legislation aimed at simplifying the management of energy resources, including geothermal waters.
COMMENT: America and Iran are fighting a stochastic war
The US-Iran conflict has become a war of probabilities, with both sides deliberately randomising. The theory behind it runs from Schelling's Nobel-winning deterrence work to Nixon's madman doctrine, and it carries a flaw.
Iran says Strait of Hormuz transit subject to its rules
Shipping through the Strait of Hormuz would be governed solely by rules set by Iran, an IRGC commander said, acknowledging that the force prevented three foreign tankers from using a US-backed route to sail through the critical waterway.
Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Saudi Arabia, Canada launch investment treaty talks as Carney visits Jeddah
Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.
Baker Hughes receives equipment awards for Sabine Pass LNG expansion
Baker Hughes said this week that it had received three awards to supply equipment for the upcoming expansion of Cheniere Energy’s Sabine Pass LNG project.
Namibia targets domestic uranium processing in talks with China’s CGN
Namibia, the world’s third largest uranium producer, in 2024 exported nearly all its output to China, which also controls production at two of the African country’s largest mines.
Nigeria opens Chinese-built $250mn lithium plant, targets leading role in battery supply chain
Nigeria's $250mn launch of a lithium-processing plant comes as as UNCTAD forecasts global demand will rise by 353% between 2024 and 2040, driven by electric vehicles, battery storage and clean energy tech.
BP to sell Bay du Nord interest to operator Equinor
BP has reached an agreement to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor.
Iran negotiator Ghalibaf accuses US of major memorandum violations
Iran's chief negotiator Mohammad Bagher Ghalibaf has accused the US of major violations of the two countries' memorandum, listing strikes, oil sanctions and threats, as the ceasefire unravels.
Pakistan’s energy pivot: Iranian oil today, renewables tomorrow
Renewables and nuclear power are expected to play a larger role in Pakistan’s electricity mix in the coming years, helping to limit exposure to global fuel price swings and geopolitical disruptions.
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