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What next for oil markets after Iranian strike on Israel?

For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.

LNG imports improving EU energy security as Russian gas supplies fall to 8% of gas imports

Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the European Commission (EC) said in a recent report.

Russia’s war economy boosted by rising oil prices

Brent crude oil prices remained near a six-month high this week, hovering around $90 per barrel amidst fears of an oil price spike driven by escalating geopolitical tensions in the Middle East.

EurOil: Shell mulls listing move from London to New York

FSUOGM: Russia's top four drilling firms see profit surge 54% in 2023

AsianOil: Australia's future gas strategy needs to recognise value of LNG, industry says

AfrOil: TotalEnergies, Sonatrach expand partnership in Algeria

DMEA: Iraq receives bids for construction of 100,000 barrel per day oil refinery

Energo: Central Asian states have a coal dependency problem

Central Asian states have a coal dependency problem – report

Coal addiction in Kazakhstan and Kyrgyzstan fuels regional global warming conundrum.

Gulf Arab states urge restraint in Israel, Iran escalation

Saudi Arabia, Kuwait and the United Arab Emirates have expressed deep concerns over the recent military escalation in the Middle East following Iran's unprecedented direct attack on Israeli territory late April 13.

How much damage can Ukraine’s drone attacks on Russian oil refineries do?

Since the beginning of the year, Ukrainian drones have attacked over two dozen Russian oil refineries and several oil depots in the first sustained campaign against Russia’s oil product producing facilities.

Russian attacks devastate Ukrainian energy infrastructure

Russian strikes in the early hours of April 11 inflicted severe damage on Ukraine’s energy infrastructure, including the near-complete destruction of the largest power plant in the Kyiv region, the Tripoli Thermal Power Plant.

DTEK Energy Holding unveils 1.5-GW green energy plan

DTEK Energy Holding, Ukraine’s largest private energy company, has announced plans to inject 1.5 GW of renewable energy into the country's power grid over the next three years.

AfrElec: World Bank launches $1.4bn programme to transform Ethiopia's electricity sector

MEOG: Iraq turns attention to Wasit

South Africa’s power utility Eskom aims to limit unplanned breakdowns during winter

Poland’s Orlen paid $400mn to scammers for oil that never arrived

'National champion' oil group humiliated by deal with unchecked middleman in scandal that only emerged after dismissal of CEO appointed by PiS government.

Russian coal exports barely break even

Export prices for Russian thermal coal have fallen to their lowest since 2021 due to low demand in major export markets that are being served from the Far Eastern ports. The export price for coal has declined by 6%-13% year to date.

Lukoil expands in Kazakhstan

Lukoil is expanding its oil and gas operations in Kazakhstan, amid limited overseas opportunities for the company because of Russia’s increased international isolation.

MOL opens largest green hydrogen plant near Budapest in CEE region

Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.

IEA: Methane emissions at an all-time high need to be reduced by 75% by 2030 at a cost of $170bn

Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.

Ghana’s Tema Oil Refinery denies alleged Chinese takeover push amid whistleblower claims

TOR, a 45,000-bpd facility, has been plagued by issues since an explosion at its crude distillation unit in early 2017 and was closed completely between July 2020 and January 2021. TOR denies having held talks with China's Senuto

China moves past India as top importer of Russian crude via sea

China has emerged as the foremost purchaser of Russian seaborne crude, outstripping India's import volumes, according to data from energy cargo tracker Vortexa

E.ON building big solar farm for BMW's Hungarian EV plant

BMW is building a €1bn vehicle plant and a €1bn battery plant in Hungary's fastest-growing industrial hub.