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Nigeria misses full $100 oil price windfall as crude-backed deals limit gains, says FNCCI head

Nigeria may not fully benefit from near-$100 oil prices as crude-backed loan agreements, including the $3.3bn Project Gazelle, lock in large volumes of output at lower historical prices, limiting fiscal gains while inflation pressures rise.

Tanzania energy minister holds talks with IFC towards implementing National Energy Compact

Tanzania’s Minister for Energy, Deogratius Ndejembi, has held talks with International Finance Corporation East Africa Regional Director Mary Porter in Dar es Salaam on advancing the country’s National Energy Compact, known as Mission 300

Russia reportedly considers potential sanctions on CPC pipeline

Russia’s oil and gas sector is said to have discussed the possibility of imposing sanctions on the Caspian Pipeline Consortium (CPC).

Kazakhstan restores oil output after CPC disruptions, minister says

Kazakhstan has reportedly restored crude oil production following disruptions to loading operations on the Caspian Pipeline Consortium (CPC) route in December and January.

Zambia's energy regulator approves 31 projects worth $59mn

Zambia’s Energy Regulation Board (ERB) has approved 24 licences, seven construction permits, and other energy-related investments, worth about $59mn in total.

Tethys Petroleum reports stable output and new drilling plans in Kazakhstan

Kazakhstan-based Tethys Petroleum’s oil production in the country averaged around 323 tonnes per day in 2026, with output recently moving up to 375 tonnes per day after temporary disruptions caused by adverse weather conditions.

EC calls Slovak double pricing of diesel fuel discriminatory

The European Commission criticized the double pricing of diesel fuel in Slovakia as discriminatory and as contradicting the EU legislation.

Kazakhstan targets $15.5bn of investment in coal power expansion by 2030

Kazakhstan plans to attract at least $15.5bn in investment to expand coal-fired power generation by 2030 under a newly approved national project aimed at meeting rising electricity demand.

Philippine aircraft face grounding risk as supplies tighten

Philippine aircraft could be grounded due to a looming jet fuel shortage linked to the Middle Eastern crisis, President Ferdinand Marcos Jr. said on March 24.

Sony, Honda scrap EV venture as market cools

Sony Group Corp. (7267.T) and Honda Motor Co. (6758.T) cancelled plans to produce and sell two electric vehicle (EV) models, the joint venture announced on March 25.

Japan seeks new IEA oil release to curb prices

South Korea faces LNG price volatility after Qatar halt

Malaysia launches floating solar pilot project at Kenyir Dam

Malaysia has taken a step toward expanding its renewable energy capacity with the launch of a floating solar pilot project at Tasik Kenyir Dam, part of a broader effort to integrate new technologies into existing power infrastructure

Eco Wave advances Taiwan project after Suao Port lease

Eco Wave Power Global AB (Nasdaq: WAVE) moves its Taiwan wave energy scheme into the next phase after its local partner secured a land lease at Suao Port.

Sri Lanka faces power strain as coal issues and fuel delays hit generation mix

Sri Lanka’s power sector is coming under mounting pressure as global fuel supply disruptions, substandard coal imports and delayed shipments threaten electricity generation.

Samsung C&T finishes first off-grid Korea hydrogen plant

Samsung C&T (028260.KS) has finished South Korea’s first hydrogen production facility operating entirely off grid, the company said on March 25.

Bangladesh raises jet fuel prices by 80%

Bangladesh has sharply increased jet fuel prices by around 80%, taking domestic aviation fuel rates to BDT202.29 ($1.65) per litre, amid volatility in global energy markets linked to the Middle East conflict.

Colombia’s gas import dependence deepens as supply gaps loom

Colombia is set to deepen its reliance on imported natural gas as declining domestic output and delayed upstream projects tighten supply

Colombia's Ecopetrol board backs embattled chief executive as union threatens national strike

Ecopetrol's board of directors resolved on March 24 to retain president Ricardo Roa Barragán despite mounting pressure from the oil workers' union, minority shareholders and opposition legislators, the company disclosed in an official statement

Suzlon secures 100-MW wind order from GAIL in India's Maharashtra

Suzlon has secured a repeat wind energy order of around 100 MW from Gas Authority of India Limited, marking the sixth such contract between the two companies.

India’s Reliance buys Iranian crude after US eases sanctions

Reliance Industries has purchased around 5mn barrels of Iranian crude, marking India’s first such deal in nearly five years following a temporary easing of US sanctions.

Iraq’s oil output drops sharply as storage fills and Hormuz exports stall

Iraq’s oil production has dropped sharply amid ongoing conflict in Iran, as storage facilities reach critical levels and exports through the Strait of Hormuz remain blocked.

Turkey says Hormuz crisis adds urgency to consideration of “new energy architecture” for Iraqi, Qatari and Turkmen oil and gas exports

Looking to the future of oil and gas shipment routes beyond the current conflict in the Middle East, Turkey is with new urgency already assessing the potential of a "new energy architecture" in the region that would create new pipeline options.

Fitch revises outlook on largest Turkish refiner Tupras to positive

Fitch on March 25 in a rating action commentary revised the Outlook on Turkey’s largest refiner Tupras to Positive from Stable while affirming its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'.

Brazil solar jobs hit 2mn

Brazil’s solar industry has reached a total of 2mn jobs linked to the sector, industry body Brazilian Photovoltaic Solar Energy Association said, marking a milestone for renewable energy in Latin America’s largest economy.