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OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Explosives found near Serbia gas pipeline ahead of Hungary vote
Powerful explosives were discovered near a key gas pipeline in northern Serbia that supplies Russian gas to Hungary, raising concerns about energy security a week before Hungary’s parliamentary election.
Russia to increase energy supplies to India
Russia has indicated it is prepared to increase deliveries of oil and LNG to India, in order to maintain support for New Delhi’s fertiliser requirements, as global energy markets remain unsettled.
Taiwan secures LNG supply assurances from a ‘major’ country
Taiwan has received assurances over LNG supplies from a major producing country, according to the island’s economy minister, as concerns grow over the impact of the Iran war on energy imports from the Middle East.
Nordic countries accelerate nuclear revival amid energy security push
Nordic governments have ramped up plans to expand nuclear power capacity, as Europe re-embraces atomic energy to counter energy security worries and price volatility intensify.
Three tankers exit Hormuz hugging Omani coast
In what appears to be the first exit from the Persian Gulf by oil tankers without permission from Iran, three large vessels linked to Oman left the Strait of Hormuz by hugging the sultanate’s coastline, Bloomberg reported on April 3.
Japanese tanker becomes first LNG vessel to transit Strait of Hormuz
A Japanese LNG carrier belonging to Mitsui OSK Lines has become the first LNG vessel to pass through the Strait of Hormuz since the conflict erupted in the Middle East.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
Iran denies US helicopter assault on Kharg Island
Iran denied rumours of a US helicopter assault on Kharg Island, its main oil export hub, as speculation mounts over a possible ground operation targeting Iranian coastal infrastructure in the Persian Gulf.
Algeria to launch new oil and gas licensing round on April 19
Algeria is preparing to launch a new oil and gas licensing round on April 19, 2026, offering seven exploration blocks to international energy companies as part of efforts to boost investment and expand hydrocarbon resources.
Moroccan government spends $180mn monthly on butane gas subsidies
Morocco expects to spend up to MAD 1.6bn ($180mn) per month to subsidise butane gas, widely used for cooking, electricity and public transport, as it seeks to stabilise prices amid sharp global energy market volatility
IRGC launches wave of strikes targeting US and Israeli assets across Gulf and Israel
IRGC said it launched its 90th wave of operations targeting US steel interests in Abu Dhabi, Israeli air bases and US facilities across Kuwait, Saudi Arabia and Jordan in retaliation for strikes on Iran's steel sector.
Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed a final investment decision (FID) agreement with energy firm Arcius to develop the Harmattan gas field in the Mediterranean, with total investments estimated at up to $500mn
Senior MP says Trump’s bid to seize Iranian oil will fail
A senior Iranian lawmaker said US President Donald Trump’s ambition to take the country’s oil “will never come true”, after Washington signalled interest in occupying Iran’s main export terminal at Kharg Island in the Persian Gulf.
Putin strengthens food supply ties with Egypt, proposes grain and energy hub
Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports
Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval
Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal
Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.
Ethiopia secures $13.1bn in deals led by $10bn Ming Yang investment into green ammonia project
Ethiopia has signed investment agreements and MoUs worth $13.1bn, including a $10bn planned investment by a Chinese company in green ammonia production and electrical equipment manufacturing projects.
A long Iran war will lead to severe shortages, says Oxford Economics
A sustained escalation of the US/Israel-Iran conflict could push global oil markets beyond a price shock into severe physical shortages, with rationing, supply chain disruption and recessionary pressures becoming increasingly likely.
Jurong Island’s output cut triggers $1.64 petrol spike in Australia
Singapore’s reclaimed oil refining region, the 32-square-kilometre Jurong Island, has become the primary driver of record-high petrol prices in Australia as Middle East supply shocks ripple through the Asia-Pacific energy corridor.
Venezuela opens for business, but investors weigh promise against reality
Reforms to oil, mining and financial laws have accelerated since the fall of Maduro, but legal ambiguity, institutional weakness and unresolved questions over democracy are tempering enthusiasm among investors, Orinoco Research says.
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