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Hungary to veto 'von der Leyen-Zelenskiy energy plan' over Russian import restrictions, foreign minister says
The European Commission is set to unveil a June 17 that would legally prohibit imports of Russian pipeline gas and liquefied natural gas into the European Union by the end of 2027.
Iranian mines in the Straits of Hormuz could shut down a fifth of oil flows in a week
Iran has somewhere between 5,000 and 6,000 naval mines, according to US intelligence estimates, which it could use to block the Straits of Hormuz and halt the flow of a fifth of the world’s oil traffic in a week.
New IMO rules pose serious problems for sanctioned Russian shipping
The International Maritime Organisation’s adoption of its Net-Zero Framework in April has raised significant compliance hurdles for Russia’s shipping industry.
US resists EU and UK push to cut Russian oil price cap at G7 summit
The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, frustrating efforts by the EU and UK to increase financial pressure on Moscow as leaders meet for a G7 in Canada.
COMMENT: Israel-Iran conflict intensifies with limited macro fallout but mounting geopolitical risk
The recent escalation in hostilities between Israel and Iran has signalled a shift from earlier, more calibrated exchanges to a broader and more sustained confrontation.
Chevron CEO urged staff to improve safety days before fatal Angola platform fire
In an internal video message on April 29, Chevron CEO Mike Wirth urged employees to reinforce safety standards following a rise in serious incidents.
Higher oil prices pose risk to Egypt’s strained budget
Officials from Egypt’s government said on June 16 that every $1 increase in global oil prices above the budgeted level adds roughly $76.9mn-$89.5mn per year to public spending and exerts more pressure on the fiscal policies.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Petredec to build first VLGC-ready LPG terminal in Tanzania's Tanga Bay
Privately owned liquefied petroleum gas (LPG) shipper Petredec has announced plans to build Tanzania’s first large-scale, open-access LPG terminal at Tanga Bay, in partnership with Tanzanian conglomerate ASAS Group of Companies.
Hungary reiterates veto threat over new EU sanctions on Russian energy
Hungary to initiate the removal of a recommendation to phase out Russian energy imports from the agenda of EU energy ministers' summit in light of the situation in the Middle East.
Kazakhstan awards Russia, China one nuclear plant project each, Uzbekistan revises its plan to include large facility
Solution favoured by Astana will help balance relations with Moscow and Beijing.
Slovak PM Fico wants EU leaders to postpone vote on new sanctions against Russia
Fico had previously criticised the plan to phase out Russian fossil fuel imports by 2027, which the EU introduced last month.
Bosqar Invest raises €143.2mn with Croatia’s largest corporate sustainability-linked bond
Issuance drew strong demand from both regional and international investors, surpassing its initial target of €110mn.
ADNOC and Inpex progress to production phase of Abu Dhabi's Onshore Block 4
ADNOC and Japan’s Inpex have moved forward to the production phase of the emirate’s Onshore Block 4 concession, which is estimated to hold around 1bn barrels of oil equivalent.
BREAKING: Israel strikes oil depot in Shahran and fuel tank in western Tehran
Israeli forces have targeted the Shahran oil depot and a fuel tank in western Tehran as Iran strikes back at Haifa oil refinery.
Israeli strike sets ablaze Iran's largest gas field as energy infrastructure targeted
Phase 14 of Iran’s mammoth South Pars gas field, the world’s largest natural gas reservoir, was struck in an Israeli attack, setting parts of the facility ablaze.
Shell to increase LNG capacity by 12 million tonnes by end of decade
The world’s biggest LNG trader will raise its capacity by up to 12mn tonnes by the end of 2030.
NextDecade inks contract with Bechtel for Trains 4 and 5 at Rio Grande LNG
US LNG developer NextDecade has reached agreement with construction firm Bechtel for the building of two liquefaction trains at its Rio Grande LNG terminal in Texas.
Why South Korea must prioritise bilateral nuclear research over fragmented one-off projects
Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?
Asia surges ahead in global EV race as the West struggles to keep pace
Asia has firmly established itself as the epicentre of the global electric vehicle revolution, driven by a powerful combination of vast consumer markets, robust infrastructure and unparalleled control over essential raw materials.
The hidden cost of Indonesia’s nickel ambitions
Indonesia ranks among the top global producers of nickel, a critical component in electric vehicle batteries, smartphones, and wind turbines - making the country central to the global shift toward clean energy
CITIES IN PERIL: Boomtowns built on melting ground
The warming climate has opened up some of the world’s coldest regions to mining and shipping, but melting permafrost under cities like Yakutsk and Norilsk is causing buildings and infrastructure to crumble.
AfDB approves $184.1mn financing package for Obelisk Solar PV Project in southern Egypt
The African Development Bank (AfDB) has approved a $184.1mn financing package to support the Obelisk Solar PV Project in Qena, southern Egypt, the largest of its kind on the continent.
Gas crisis prompts Moldova's separatist Transnistria to extend economic state of emergency
President Vadim Krasnoselsky cited the worsening socio-economic crisis and severe energy shortages in the tiny breakaway republic.
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