Latest Stories

Philippine drafts carpool rules for fuel relief

31 March 2026

The Metropolitan Manila Development Authority (MMDA) introduced a draft framework for a new carpooling initiative on March 30, designed to help commuters mitigate the impact of rising fuel prices.

LG Chem secures Russian naphtha for South Korea

31 March 2026

LG Chem Ltd. has successfully obtained 27,000 tonnes of naphtha sourced from Russia. This acquisition comes as the domestic industry faces potential disruptions to its supply chain resulting from ongoing hostilities within the Middle East.

India’s Northern Coalfields meets 140mn tonne coal output target ahead of schedule

31 March 2026

Northern Coalfields Limited (NCL), the Singrauli-based flagship arm of Coal India (NSE: COALINDIA), has achieved its annual coal production target of 140mn tonnes ahead of schedule for the financial year 2025–26.

Singapore’s path towards nuclear energy use

31 March 2026

Singapore is taking another step toward the possible deployment of nuclear power, with the National Environment Agency announcing plans to commission three studies focused on nuclear safety standards and environmental safeguards.

Jet fuel prices soar over 150% in Pakistan in under a month

31 March 2026

Jet fuel prices in Pakistan have surged by more than 150% in less than four weeks, underscoring the intense pressure from volatile global oil markets and rising geopolitical tensions.

Sri Lanka raises power tariffs as war-driven energy costs mount

31 March 2026

Sri Lanka has increased electricity tariffs for most households by 7.2% and for industries by 8.7%, as the country contends with rising energy costs linked to the Iran war.

Poland's Tauron proposes first dividend in 11 years as 2025 net profit skyrockets

31 March 2026

Polish power group Tauron Polska Energia proposed on March 30 to pay a dividend from its 2025 profit, moving to return cash to shareholders three years ahead of its strategic plan and for the first time in 11 years.

Brazil Wahoo output ramps up

30 March 2026

Brazilian oil and gas company PRIO has started output from a second well at its Wahoo field in the Campos Basin, days after bringing the first well onstream.

Brazil finds new pre-salt oil

30 March 2026

Petrobras said it has identified a new oil accumulation in the pre-salt of the Campos Basin after drilling an exploratory well in the Alto de Cabo Frio Central block.

Fires reported at pumping stations along UAE’s ADCOP pipeline

30 March 2026

Satellite imagery appears to show fires at two pumping stations along the UAE’s Habshan–Fujairah oil pipeline, a key export route designed to bypass the Strait of Hormuz.

Chevron, QatarEnergy enter Uruguay offshore blocks

30 March 2026

Both companies joined existing projects in the Pelotas basin through agreements with Shell, which remains operator of the blocks

Brazil plant drives offshore push

30 March 2026

NOV, a Houston-based company tha provides oilfield equipment and technologies, said it will invest $200mn to expand its subsea flexible pipe plant in Açu, Brazil, aiming to increase capacity to meet offshore demand linked to deepwater projects.

Brazil backs new offshore drilling

30 March 2026

Petrobras has renewed an environmental licence to drill the Mãe de Ouro well in the Potiguar Basin, offshore Rio Grande do Norte, allowing three wells to be explored in the area.

Venezuela oil overhaul faces investor scepticism despite US push

30 March 2026

US officials say control over Venezuela’s oil revenues will help keep Caracas aligned with global partners until elections are held

Argentina allows higher ethanol blend to ease fuel price pressure after oil surge

30 March 2026

Argentina’s government said on March 27 it will permit fuel producers to voluntarily increase ethanol blending in gasoline to up to 15%, as authorities seek to mitigate rising fuel costs driven by higher global oil prices and geopolitical tensions.

YPF forecasts $50bn annual energy exports by 2031 on LNG push

30 March 2026

Argentina’s state-run energy company YPF expects the country’s energy exports to reach around $50bn annually from 2031, driven mainly by liquefied natural gas (LNG) sales, Chief Executive Horacio Marín said.

IMF expects Namibia's economy to rebound this year if oil firms sanction project construction

30 March 2026

The IMF has predicted that Namibia’s economy will be subdued this year due to the adverse impact of the Middle East crisis, but it could rebound if international oil companies (IOCs) sanction project construction.

Saudi Arabia pushes East-West pipeline at 7mn bpd in bid to keep oil flowing amid Hormuz shutdown

30 March 2026

Saudi Arabia has pushed its East-West pipeline to its 7mn barrel per day limit to reroute crude via the Red Sea

Venezuela and Texas representatives seal oil pact to boost production from 2026

30 March 2026

The Venezuelan government and Texas oil businessmen have formalised a bilateral energy agreement set to take effect in 2026

China’s electrostate powers its grip on global metals

30 March 2026

China’s emergence as a dominant force in industrial metals is increasingly being driven not only by its access to raw materials, but by the scale and structure of its electricity system.