Latest Stories

Egypt among most ill-equipped to withstand Iran war energy shock long term

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

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

23 March 2026

According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012