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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.
Beijing’s next five-year plan tests climate ambition
The rapid deployment of renewable energy options around the country and the popularity of electric vehicles in recent year has already begun to restrain the growth of China’s climate footprint.
African Energy Chamber, Venezuelan petroleum authorities sign MoU to drive energy investment, collaboration
Venezuela’s leading petroleum authorities have signed a Memorandum of Understanding (MoU) with the African Energy Chamber (AEC), establishing a formal framework for long-term collaboration across the hydrocarbon value chain.
Algeria set to boost LNG exports amid regional tensions and rising demand
Algeria is preparing to increase its presence in the global liquefied natural gas (LNG) market by enhancing its spot sales, driven by expected demand spikes due to the ongoing war with Iran and potential supply chain disruptions
Venezuela oil shipments double in February as output rebounds
January exports had stood at roughly 383,000 barrels a day, when the Trump administration first took control of the country’s oil sales
Why Gulf bypass routes offer only weeks of oil supply cover
The effective closure of the Strait of Hormuz has exposed a critical vulnerability in global energy security
Price-sensitive, import-reliant India grapples to shore up energy security amid Hormuz crisis
The disruption has already rippled into domestic markets.
How exposed is China to the Hormuz crisis?
A prolonged closure of the Strait of Hormuz would hit China’s energy security hard, threatening to sever roughly half of its crude imports and a significant share of its LNG supply.
Iraq halts production at giant Rumaila oilfield as Hormuz closure chokes exports
Iraq halted all production at the giant Rumaila oilfield, its largest, after the closure of the Strait of Hormuz sent storage levels to critical capacity and tankers refused to enter the Gulf amid the US-Israeli military campaign against Iran.
IAEA confirms damage to Iran's Natanz nuclear site entrance, no radiation leak detected
IAEA confirms satellite imagery shows damage to entrance buildings at Iran's Natanz nuclear plant but says no radiation leak expected. Iran's atomic agency confirms no contamination.
Iran warns it will hit oil tankers at Strait of Hormuz
A senior Iranian military official warned that Iranian armed forces would target any oil tanker trying to sail through the Strait of Hormuz, as a US-Israeli war on Iran dramatically pushed up oil prices.
Hormuz crisis offers Moscow short-term gains, but long-term losses if regime falls
A prolonged closure of the Strait of Hormuz could deliver short-term fiscal relief to Moscow through higher oil and gas prices, but regime change in Tehran would risk stripping Russia of one of its most important strategic allies.
Cheniere records 60% rise in net income amid record LNG production
Cheniere Energy reported a 64% increase in net income in 2025.
Egypt halts gas exports via Idku plant to secure domestic supply amid Israeli cutoff
The Egyptian government decided to temporarily suspend gas exports through the Idku terminal to ensure the security of the domestic market following disruptions to gas supplies from Israel
Pakistan considers buying LNG from Azerbaijan’s SOCAR as contingency plan
Pakistan is bracing for possible disruption to its gas supply as cargo deliveries from Qatar could disruption after the Gulf country stopped producing LNG in the wake of missile attacks from Iran.
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