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Vietnam auto sales surge as EV demand accelerates
Vietnam’s car market has bounced back sharply, with electrified vehicles leading the charge as auto sales more than doubled in March to 70,859 units
Polish power group Enea posts 30% jump in 2025 net profit as green transition takes hold
Polish power group Enea reported a 30% year-on-year increase in its 2025 net profit to PLN1.82bn (€428mn), marking the first positive financial impacts of its extensive green energy transition, the company announced on April 13.
North Macedonia plans floating solar project to power irrigation and refill Dojran Lake
Russia's Bashkortostan region drops plan to sell Bashneft stake
Authorities in Russia’s Bashkortostan region have decided not to proceed with the planned privatisation of part of their stake in Bashneft.
New Hungary PM said Russian oil imports will continue
Péter Magyar, Hungary’s expected next prime minister, said the country will continue purchasing Russian oil for the foreseeable future.
Russian LPG prices jump 15% on Middle East conflict
Wholesale prices for LPG in Russia jumped by more than 15% in a week, tracking a broader rally in global markets driven by supply disruptions caused by the escalating situation in the Middle East.
EU imports of Russian LNG hit new record in March ahead of phase-out plan
EU imports of Russian LNG hit a record in March as Middle East disruptions tighten global supply ahead of a legally mandated phase-out.
Profits at Gazprom Neft halve in 2025 on lower oil prices, stronger ruble
Net profit at Russian oil producer Gazprom Neft fell by half in 2025 to RUB245.8bn ($2.7bn) on weaker oil prices and a stronger ruble.
Brazil oil reserves climb again
Brazil’s proven oil reserves rose 3.84% in 2025 from a year earlier, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said, reflecting additions from new projects and revisions to existing fields.
IEA steps up practical support for Africa’s clean energy transition
The IEA's Clean Energy Transition Programme 2025 report underscores Africa’s increasingly important role in the global energy ecosystem, as the continent is set to become home to 20% of the world’s population by 2030.
Shell prepares to explore west Kazakh oil and gas block
Shell is preparing to carry out geological exploration at the Zhanaturmys subsoil block in Kazakhstan’s Aktobe region.
Quality matters: how the Hormuz crisis tests refinery flexibility
The disruption highlights a key reality often overlooked in the oil market: while volumes may be globally fungible, crude quality is not.
Brazil's proven oil reserves rise nearly 4% in 2025
Brazil's proven oil reserves grew by 3.84% in 2025, year on year, as new development projects, declarations of commerciality, and field revisions added billions of barrels to the national tally.
BP expands Namibian oil portfolio with acquisition of three offshore exploration blocks
BP (LSE/NYSE: BP) has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil and Gas (CVE: EOG) (Eco Atlantic) as part of its strategy to grow its upstream portfolio.
Allied Biofuels to build Central Asia’s first integrated biofuel refinery in Uzbekistan
Uzbekistan can look forward to hosting Central Asia’s first integrated biofuel refinery.
Nigeria’s NNPCL reports revenue growth but profit falls sharply in February 2026
Nigerian National Petroleum Company Limited (NNPCL) reported a modest increase in revenue in February 2026, but a sharp decline in crude production and rising operational pressures led to a significant drop in profit.
South Africa's Eskom selects Thyspunt as preferred site for nuclear plant amid heritage risk
South Africa’s state-owned utility Eskom has identified Thyspunt on the Eastern Cape coast as the preferred site for a proposed 5,200MW nuclear power station, according to a draft environmental scoping report.
Nigeria Supreme Court restores Nestoil and Neconde right to appoint counsel in $2bn dispute
Nigeria’s Supreme Court has overturned a Court of Appeal decision that barred Nestoil Limited and Neconde Energy Limited from appointing their own legal representatives
Nigerian upstream regulator outlines reform agenda towards achieving 3mn bpd target
Nigeria’s upstream regulator has launched a digital reform agenda to boost oil production toward 3mnbpd, as the country seeks to recover from years of declining output and restore investor confidence.
Oman launches bidding for five oil and gas blocks
Oman has launched a bidding round for five new oil and gas concession blocks as the sultanate moves to attract fresh investment into its energy sector in line with its Vision 2040 development objectives.
Pezeshkian says Iranian oil sector was one of ‘main targets’ of war
Iran’s President Masoud Pezeshkian said infrastructure linked to the Oil Ministry was one of the “main centres” of attacks during the war launched jointly by the United States and Israel against Iran on February 28.
Iran says Lavan refinery output to recover to 70% after strike
Iran’s deputy oil minister vowed to restore fuel production capacity at the Lavan refinery in the Persian Gulf to at least 70%, days after an air strike on the facility that Iranian media blamed on the United Arab Emirates.
Iranian tanker delivers oil to India for first time in seven years
A very large crude carrier (VLCC) operated by the National Iranian Tanker Company (NITC) has delivered 2mn barrels of crude oil to India, making the first such shipment in seven years after a US sanctions waiver.
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