Latest Stories

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

Pakistan absorbs $250mn fuel cost to cushion consumers

23 March 2026

Pakistan has taken on a financial burden of PKR69bn ($250mn) to stabilise petroleum product prices and shield consumers from rising costs.

India launches carbon market portal

23 March 2026

India formally launched the Indian Carbon Market Portal at the International Conference on Carbon Markets – Prakriti 2026 in New Delhi, marking a major step in operationalising its domestic carbon trading framework.

India crosses 1bn tonne coal output for second straight year

23 March 2026

India has once again surpassed the landmark of 1bn tonnes in coal production, achieving the milestone on March 21, 2026.

Sri Lanka hikes fuel prices for the second time this month

23 March 2026

Sri Lanka has sharply increased retail fuel prices by 24%–30%, pushing rates close to levels last seen during the 2022 economic crisis, as authorities respond to rising global oil prices.

Saudi officials model $180 oil scenario as Hormuz blockade persists

22 March 2026

Saudi Arabian oil officials are modelling scenarios where crude prices could exceed $180 a barrel if supply disruptions in the Middle East continue beyond April, according to a report by the WSJ.

LONG READ: Coal is back.

22 March 2026

Coal is back. Having become a fuel for most of the last two decades, countries are scrambling to secure supplies of coal in the face of “ The largest supply disruption in the history,” according to the International Energy Agency (IEA).

Panama Canal operating at full capacity amid Iran conflict

22 March 2026

The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.

Refined oil products caught in Iran war energy shock maelstrom

22 March 2026

The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.

Hospital patients dying as Cuba plunged into darkness again

22 March 2026

Every patient in a hospital in Havana on a ventilator died after Cuba was plunged into darkness for a second time this month in a nationwide blackout.

Iranian attacks on Qatar threaten $20bn in lost revenue

22 March 2026

Iranian attacks on critical Qatari energy infrastructure have disrupted 17% of the Gulf Arab country's LNG export capacity, Qatari Energy Minister Saad bin Sherida Al-Kaabi announced.

Most Gulf and European ships likely blocked from Hormuz despite Iran's 'open to all' claim

22 March 2026

A Russian energy analyst says Iran's "open to all" Hormuz policy would in practice block most Gulf and European shipping, as Tehran keeps the definition of "enemy" vessels deliberately vague.

Iran's military command says doctrine has shifted from 'defensive' to 'offensive'

22 March 2026

Iran's central military command says its armed forces have formally shifted from a defensive to an offensive doctrine, promising advanced weapons and "new surprises" as the war enters its fourth week.

Iran hits two Qatari LNG trains knocking out 17% of its export capacity

22 March 2026

Major attack on Ras Laffan plant damaged two of its 14 LNG trains as well as a gas-to-liquids facility.

War will deepen Iran’s water crisis

21 March 2026

Iran already had a water problem before the US-Israel attack on February 28. Now it is going to get a lot worse.

US waives sanctions on Iranian oil to curb price surge amid conflict

21 March 2026

The US Treasury Department has issued another 30-day waiver on sanctions on buying sanctioned oil on March 20; this time freeing international traders to buy Iranian oil shipments, in the hope of calming international energy markets.

Turkey signals April 1 electricity and gas price hikes ahead

21 March 2026

Turkey’s government will evaluate electricity and natural gas prices that apply as of April 1, energy minister Alparslan Bayraktar said on March 18 during a televised interview.

Renewables supply nearly half of EU electricity in 2025

21 March 2026

Almost half (47%) of the European Union’s electricity was generated from renewable sources in 2025, according to new data from Eurostat, which will provide a significant buffer at a time when the fossil fuel markets have been plunged into chaos.

Drop in Iranian gas flows tests Turkey’s energy resilience

21 March 2026

A sharp fall in Iranian gas supplies to Turkey following Israeli strikes on Iran’s South Pars field and subsequent regional tensions are testing Ankara’s energy security, although analysts say the impact is likely to be contained.

Turkey’s diesel tax buffer evaporates amid booming oil prices and refinery margins

21 March 2026

Annual rise in diesel price reaches 57% versus 37% on gasoline.

Brazil eyes Bolivia gas for fertilisers

21 March 2026

Brazil could use natural gas from Bolivia to expand domestic fertiliser production, Jorge Viana, head of ApexBrasil, said during a business forum in São Paulo.

Brazil races to avert truck strike

21 March 2026

Brazil’s government is coordinating measures to limit the impact of rising diesel prices and avoid a truckers’ strike, as pressure builds ahead of an election year, officials and industry groups said.