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Egypt among most ill-equipped to withstand Iran war energy shock long term
Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.
Bangladesh looks for more than $2bn in funding to ease fuel, LNG woes
Bangladesh is looking for in excess of $2bn in external financing to help secure fuel and LNG imports, as the government led by new Prime Minister Tarique Rahman moves to stabilise the economy.
Indonesia criticised for low carbon tax as emissions cost seen as far higher
Indonesia has yet to fully utilise its carbon tax as a tool to reduce greenhouse gas emissions, despite the policy being widely used in other countries and considered one of the most effective ways to cut carbon output
Fuel shock in the fast lane: how Asia’s drivers are paying the price of war
The war involving the United States, Israel and Iran has sent a delayed shockwave through global energy markets and nowhere is the impact more acute than at petrol pumps across Asia.
Corcel well-funded for oil drilling in Angola following $4.8mn fund raise
Corcel Plc (AIM: CRCL), an Angola-Brazil-focused energy company, has raised $4.8mn which it will use to advance into the planning and preparation phase for drilling its first pre and post-salt exploration well at its KON-16 project in Angola.
Malaysia fuel prices jump after Middle East conflict, subsidies surge to $812.3mn
Fuel prices in Malaysia have risen sharply after the escalation of the US–Israel conflict with Iran pushed global oil prices higher and disrupted supply routes, with unsubsidised pump prices climbing for a second consecutive week
Taiwan considers nuclear restart to fuel AI power demand
President Lai Ching-te signaled Taiwan may restart decommissioned nuclear plants to satisfy the massive energy requirements of the AI sector, he said in Taichung on March 21.
Sustainable growth market investor Actis acquires 90% stake in Singapore waste firm 800 Super
Growth markets investor Actis has completed the acquisition of a 90% stake in Singapore-based environmental services company 800 Super
Eni invests $15bn in East Kalimantan deepwater gas projects
Italian energy major Eni has taken a final investment decision (FID) on the Geng North and Gendalo-Gandang offshore gas developments in East Kalimantan, committing around $15bn to one of Indonesia’s largest deepwater energy projects in recent years
Diesel prices in Singapore hit $2.91 per litre, rising above petrol prices
Diesel prices in Singapore have climbed to between SGD3.56 ($2.77) and SGD3.73 per litre before discounts at major fuel stations, overtaking the price of 95-octane petrol for the first time in years
US backs Indonesia lithium push with $3.9mn grant
The funding will be funneled into a pilot project led by California-based Lilac Solutions at facilities operated by PT Geo Dipa Energi (GDE), Indonesia’s state-owned geothermal developer.
Philippines allows cheaper fuel to combat oil volatility
As geopolitical instability in the Middle East threatens global petroleum stocks, the Philippines' Department of Energy (DOE) has sanctioned the restricted and provisional distribution of lower-grade oil to protect the domestic market.
Energy shock, economic woes test Thailand’s new government
Thailand’s Prime Minister Anutin Charnvirakul has secured a second term, but his new government inherits a fragile coalition, a struggling economy, and an urgent energy crisis.
Bangladesh seeks $2bn in loans to shore up energy security
Bangladesh is moving to secure nearly $2bn in loans from multilateral lenders as it grapples with mounting energy security concerns driven by rising global fuel prices linked to the Middle East conflict.
Thai police expand maritime operations against fuel smuggling
Thai authorities have launched an expanded sea operation to combat fuel smuggling and illegal oil trading, officials announced on March 22.
Laos cuts school week to three days amid fuel crisis
Laos has reduced the school week to three days as authorities scramble to curb energy use during a worsening fuel shortage
Jet fuel shortage forces Myanmar airlines to suspend service
Several airlines in Myanmar have temporarily halted domestic operations as a shortage of jet fuel disrupts flight schedules and ticket sales.
Passengers to Vietnam face surcharges amid fuel spike
More than 60% of international airlines have raised fares or are preparing to do so from mid-March as soaring fuel costs squeeze the aviation sector.
Manila fishers lose half earnings as fuel climbs
Artisanal fishers in metropolitan Manila are seeing their daily takes nearly halved as soaring diesel costs make voyages to sea increasingly unaffordable.
Canada’s Woodfibre LNG project reaches 65% completion
Woodfibre LNG has reached two-thirds completion following the arrival of its 16th powerhouse module on site in Squamish, British Columbia.
India's core sector output modest in February
Crude oil production fell 5.2% y/y, extending a cumulative decline of 2.5% for the April-February period. Natural gas output contracted 5.0% y/y with a cumulative fall of 3.5%. Petroleum refinery production declined 1.0% y/y
Venezuelan bonds gain as US relaxes PDVSA restrictions
The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents
US extends Citgo shield as legal battles over Venezuelan debt drag on
The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold
Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says
According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012
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