Latest Stories
Pakistan cuts government spending, shifts to four-day workweek to tackle energy crisis
Pakistan has introduced a series of administrative and financial measures to manage economic pressure caused by the energy shortage linked to the Middle East conflict.
Poland's Orlen confirms 7.2mn boe Frida Kahlo discovery in North Sea Sleipner Area
Orlen, together with operator Equinor and partner Vår Energi, has confirmed a gas and condensate discovery in the Sleipner Area. The resources at the Frida Kahlo prospect are estimated at 7.2mn barrels of oil equivalent.
Commercial LPG shortage hits hotels and restaurants in major Indian cities
Hotel and restaurant associations in Bengaluru, Chennai and Mumbai have warned of disruptions to food services as a shortage of commercial liquefied petroleum gas (LPG) cylinders begins to affect the hospitality sector.
Australia-India trial shows agricultural waste can cut steelmaking emissions
An industrial trial in India has shown that agricultural waste can partially replace coal in steelmaking, offering a practical pathway to reduce emissions in one of the world’s most carbon-intensive industries.
Citgo posts $452mn profit in 2025 on record US refining performance
Citgo Petroleum Corp. reported a net profit of $452mn in 2025, supported by record refining operations that helped the PDVSA subsidiary navigate a competitive global energy market
Bangladesh orders universities shut early to save power amid energy crunch
Bangladesh has ordered all public and private universities to close from Monday by advancing the Eid al-Fitr holidays as part of emergency steps to reduce electricity and fuel consumption during a deepening energy crisis.
Philippine businesses call for action on energy crisis
The Philippine Chamber of Commerce and Industry (PCCI), the nation’s largest business advocacy group, has urged President Marcos to be granted emergency powers to stabilise energy costs.
Mercedes-Benz Korea fined $7.64mn over EV battery misinformation
Mercedes-Benz Korea (MBG) has been ordered to pay a KRW12.23bn ($7.64mn) fine for providing false information about the batteries in some of its electric vehicles (EVs), the Fair Trade Commission (FTC) said on March 10.
Brazil diesel rift hits farm supply
Petrobras is declining requests from fuel distributors for additional diesel volumes as domestic prices fall far below international levels, according to four people familiar with the matter who spoke to Reuters.
Uzbekistan's Jan-Feb vehicle imports triple to $260mn as EV shipments jump six-fold
Uzbekistan’s vehicle imports jumped to a value of $260.2mn in January-February, with the figure up more than 3-fold versus the $79.8mn recorded in the same period last year, according to the Customs Committee.
Bolivia to reassess fuel prices in June amid global oil volatility
Bolivia will review domestic fuel prices in June as part of its new energy pricing framework, a move that could lead to further increases if international oil markets continue to rise.
Bolivia weighs gas expansion against environmental pressure as reserves decline
Bolivia’s government is facing mounting pressure to revive hydrocarbon production as output falls to its lowest level in two decades.
Vietnam pushes biofuel expansion as global oil prices rise
Vietnam is being urged to speed up its transition to biofuel blends as rising global oil prices and geopolitical tensions raise concerns over energy security.
Vietnam aviation warns of potential fuel shortage
Vietnam’s aviation sector is bracing for possible jet fuel shortages as escalating tensions in the Middle East drive up prices and disrupt global supply.
Myanmar imports fuel as government urges calm buying
Myanmar is moving to stabilise its fuel supply, with more oil tankers expected to arrive as authorities warn against panic buying.
Thailand considers 10pm petrol station closures to save fuel
Thailand is considering closing petrol stations earlier and expanding remote work to cut fuel consumption as global energy prices surge.
Thailand seeks fuel savings through remote working measures
Thailand has instructed state agencies to adopt remote working to curb fuel consumption as global oil prices surge.
Ecuador's macro gains fail to reach citizens as tax revenue hits $17.35bn amid IVA payment delays
Vietnam advises remote work as fuel prices surge
Vietnam has urged companies to adopt remote working to cut fuel consumption as global energy supplies tighten following the conflict involving Iran.
Cambodia orders transparency in fuel sales, stock disclosure
Cambodia has tightened regulations on fuel pricing, stock disclosure and sales transparency following a sudden KHR550 ($0.12) per-litre increase in petrol prices that triggered panic buying across Phnom Penh.
Gasoline and diesel prices increased from March 11 to 13 in Cambodia
Fuel prices in Cambodia will rise slightly from March 11 to 13, despite continued government subsidies.
Russia could get extra $5.5bn revenues on Iran war
LATAM BLOG: Iran war fuels Venezuela's oil comeback, but democracy lags behind
Caracas stands to gain from surging crude prices triggered by the closure of the Strait of Hormuz, but Washington's control over its oil income means the bonanza may consolidate authoritarian rule rather than rebuild a broken state.
Bulgaria forms emergency panel to counter fuel price spike
Regional neighbours have already acted: Serbia banned crude and fuel exports, while Croatia reintroduced price caps.
Follow us online