Latest Stories

Mining output in Azerbaijan rises marginally as oil production declines and gas transport increases

Eni approves $5bn Indonesia gas projects

Italian energy group Eni has approved two major offshore gas developments in Indonesia that are expected to produce around 2bn standard cubic feet per day (cf/d) of natural gas, the company said on March 18.

Indonesia opens second waste-to-energy tender after Chinese firms win

Indonesia has opened a second round of tenders for its nationwide waste-to-energy programme after Chinese companies dominated the first bidding process.

Japan petrol prices hit record level

Japan’s average retail petrol price has reached a record JPY190.80 ($1.19) per litre, reflecting higher crude costs linked to the Iran conflict, according to data released on March 18 by the nation’s industry ministry.

Bangladesh turns to coal as LNG crunch deepens

Bangladesh has sharply increased coal-fired power generation this month as an acute LNG shortage disrupts gas-based electricity output, following supply constraints linked to the ongoing conflict in the Middle East.

Taiwan absorbs $100mn to blunt fuel prices

Taiwanese state-owned energy provider CPC Corp. has absorbed approximately TWD3.3bn ($100mn) in additional fuel expenses over the last fortnight to maintain domestic price stability.

Philippines suspends fare rise, Marcos expands subsidies

President Ferdinand Marcos Jr has frozen a planned rise in public transport fares, stating that the current global instability makes it "not the time" to increase costs for citizens.

Pakistan power output rises 11% in February

Pakistan’s power generation stood at 7,696 GWh in February 2026, marking an 11% year-on-year (y-o-y) increase.

India plans mandatory use of local solar ingots and wafers from June 2028

India is moving to mandate the use of domestically manufactured solar ingots and wafers from June 2028, as part of a broader push to reduce dependence on imports and strengthen its clean energy supply chain.

India’s ReNew Green raises $95mn to expand industrial clean energy portfolio

LeapFrog has committed $50mn to the transaction, with additional backing from the Emerging Market Climate Action Fund and Carlyle AlpInvest.

Philippines lines up $5bn backing for pumped storage projects

The Philippines has secured funding for two pumped storage hydropower projects with a combined investment value of about $5bn, as it steps up efforts to reinforce energy security and support the transition to cleaner power.

India’s Clean Max agrees $4.6mn deal to acquire Kintech Solarbikaner

The acquisition reflects a broader push to scale hybrid renewable projects, which combine wind and solar generation to improve output consistency and optimise land and infrastructure use.

Data on super-polluting plumes show Turkmenistan’s joining of Global Methane Pledge has achieved little

Still one of the worst for potent mega-leaks.

US refiners ramp up Venezuelan crude intake as global oil flows shift

Imports of Venezuela’s heavy crude — a key feedstock for complex Gulf Coast refineries — jumped sharply in early March, with volumes rising in a short span

Oil majors reassess Venezuela as price surge revives investment appeal

Once labelled “uninvestable” amid political turmoil, the country is being reconsidered due to its vast reserves

Brazil's fuel market rattled by price surge as Petrobras cancels auctions and distributors fear shortfall

Brazil's fuel market has been thrown into turmoil by the ongoing conflict in the Middle East, with gasoline and diesel prices hitting fresh highs, the state-owned oil company Petrobras suspending fuel auctions, and distributors worried about supply.

US weighs broader sanctions relief to unlock Venezuela oil output

The Trump administration is preparing additional measures to ease restrictions on Venezuela’s oil industry

PDVSA reappoints head of US units as Citgo control hangs in balance

The appointment remains largely symbolic for now. Asdrúbal Chávez cannot assume effective control without authorisation from the US Treasury’s Office of Foreign Assets Control

Morocco says fuel reserves cover 30 days amid rising global prices

Morocco has sufficient fuel reserves to meet around one month of domestic demand. Global energy prices continue to rise due to geopolitical tensions and supply disruptions driven by the US-Israeli war on Iran

Kyrgyzstan offers moratorium on business inspections, tax service explains “slowness” in probing Kyrgyzneftegaz graft

Journalist was expelled from country when he raised similar corruption claims four years ago.

Petrobras tightens grip on offshore Brazil

Petrobras has moved to take full ownership of two offshore assets in Brazil’s Campos Basin by exercising its pre-emptive right to acquire stakes held by Petronas.

PRIO clears path for new Brazil wells

PRIO has received authorisation to drill multiple wells at the Frade field in Brazil’s Campos Basin after the environmental regulator issued an amended licence.

Vietnam targets nuclear energy share of 6–8%

Vietnam aims to generate 6–8% of its electricity from nuclear energy by 2050 under a newly approved long-term strategy.

Serbia plans 1,030 km of new power lines by 2035

Myanmar introduces power rationing amid rising electricity demand

Myanmar will introduce targeted electricity distribution measures as rising demand strains supply, the Ministry of Electric Power has announced.