Latest Stories

US looks to seize Iranian territory, with Kharg Island a potential target

2 April 2026

US President Donald Trump is reportedly considering an attack on Iran’s Kharg Island, home to the country’s largest oil export terminal, where 90% of its crude is exported from.

UK buys jet fuel from Dangote Refinery as shortages loom

2 April 2026

As supply disruptions persist due to the war in Iran and fuel shortages become ever-present, Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery has begun exporting jet fuel to Europe, with a cargo arriving in the UK this week.

Chinese consortium launches 400 MW Laos solar project

2 April 2026

A new consortium led by Chinese firms is advancing plans for a 400 MW solar power plant in Laos, marking a significant push into Southeast Asia’s renewable energy market.

Shell weighs expanded Venezuela gas push as talks advance

2 April 2026

The London-based energy group is aiming to take a final investment decision on Dragon by the end of the year, while simultaneously assessing nearby zones linked to the Mariscal Sucre development

US appeals court backs Argentina in YPF case

2 April 2026

An appeals court in New York has overturned a multibillion-dollar judgment against Argentina in a long-running dispute over the nationalisation of oil and gas company YPF

OFAC clarifies compliance rules for Venezuela energy and mining Operations

2 April 2026

The clarification reinforces that limited activities remain permitted under specific licences, while detailing how non-US companies can operate without breaching restrictions

Authorities arrest brother of Kyrgyzstan’s fired security chief Tashiyev over oil product corruption allegations

2 April 2026

Authorities in Kyrgyzstan have arrested the brother of dismissed national security chief Kamchybek Tashiyev, the interior ministry said on April 1.

Iraq and Syria reopen Al-Waleed border crossing after 11-year closure

2 April 2026

Iraq and Syria have officially reopened the Al-Waleed border crossing, restoring a key economic route that had been closed for more than 11 years due to security concerns.

Iraq finalises Lukoil settlement over West Qurna-2 oilfield

2 April 2026

Iraq is advancing efforts to finalise a settlement with Russia’s Lukoil following its withdrawal from the West Qurna-2 oilfield in Basra, as the government seeks to stabilise operations in one of the country’s key oil assets.

Iraq & GCC countries faces a sharp rise in borrowing costs amid Hormuz tensions, UNCTAD reports

2 April 2026

The disruptions in the Strait of Hormuz, a vital oil shipping route, have led to severe delays in energy and fertiliser shipments, contributing to rising prices for oil, gas, nitrogenous fertilisers, and phosphate.

Argentina's YPF to freeze fuel prices for 45 days amid Middle East-driven oil volatility

2 April 2026

Argentine state oil company YPF will hold pump prices steady for 45 days to shield consumers from crude oil volatility driven by the Middle East conflict, its chief executive said on April 1.

Bolivia and Chile team up to combat cross-border fuel tampering network

2 April 2026

Bolivia and Chile have stepped up bilateral cooperation to tackle a cross-border fuel adulteration network, as investigations reveal systematic tampering with shipments destined for the Bolivian market.

Saudi's ACWA Power flags temporary output curbs at two major solar plants

2 April 2026

ACWA Power disclosed temporary output curbs at its 1,425MW Al Kahfah and 2,000MW Al Rass 2 solar plants over grid stability, with SAR168mn in disputed revenues as Saudi Arabia's renewable build-out tests grid capacity.

Bolivia probes cross-border fuel fraud as $150mn losses trigger political fallout

2 April 2026

Bolivia has launched a sweeping investigation into an alleged international network accused of siphoning and adulterating imported fuel, as authorities estimate losses of around $150mn linked to the scheme.

Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field

2 April 2026

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

2 April 2026

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.

Iran’s parliament to pass Hormuz transit toll bill

2 April 2026

Iranian lawmakers are debating a bill to impose transit fees on vessels passing through the Strait of Hormuz, a senior lawmaker said, as disruptions to shipping through the vital waterway drag on.

Sable restarts oil sales from Santa Ynez Unit platforms offshore California

2 April 2026

Sable Offshore has restarted oil sales from the Santa Ynez Unit offshore California, while also ramping up production at the unit by bringing a second platform online.

Putin strengthens food supply ties with Egypt, proposes grain and energy hub

2 April 2026

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

2 April 2026

Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.