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Hungary’s MOL JV makes new gas discovery in Pakistan
A joint venture led by MOL Pakistan made a major oil discovery in Pakistan's District Kohat, which is expectedc to boost MOL’s production by 400 boepd.
Vietnam seeks safe, priority transit through Hormuz
Vietnam is seeking diplomatic support to ensure its vessels can pass safely and with priority through the Strait of Hormuz, as security risks in the Middle East continue to disrupt global shipping.
Thai PM apologises as Hormuz tensions hit economy
Thailand is grappling with mounting economic strain from the ongoing US–Iran conflict, which has pushed up fuel prices, disrupted shipping routes and cast uncertainty over tourism and energy costs.
Rising fuel prices drive Laos inflation to 9.7%
Inflation in Laos accelerated sharply in March, rising to 9.7% year on year from 6.2% in February, according to the Lao Statistics Bureau.
Cambodia cuts taxes to boost EV adoption rapidly
Cambodia has announced a major reduction in import and export taxes to promote electric vehicles (EVs), renewable energy, and trade, aiming to boost green technology adoption and stimulate economic activity.
Booking platforms respond quickly to rising LPG prices in Cambodia
Rising fuel prices are squeezing the earnings of Cambodian tuk‑tuk drivers, leaving many struggling to cover daily expenses. LPG and gasoline costs have more than doubled, yet ride fares have not kept pace,
Inflation seen breaching 6% as oil surge clouds India's growth outlook
India’s economic outlook is coming under increasing strain as rising crude oil prices and escalating tensions between the United States and Iran stoke inflationary risks, with a Bernstein report warning that price pressures could cross 6%.
Mahindra, HPCL partner to expand EV charging network across India
Charge_iN by Mahindra has entered into a strategic partnership with Hindustan Petroleum Corporation Limited (NSE: HINDPETRO) to roll out electric vehicle charging stations at HPCL fuel retail outlets across India.
India sends 38,000 metric tonnes of emergency fuel shipment to Sri Lanka
India has dispatched a fresh consignment of fuel to Sri Lanka in a renewed show of support, shortly after a phone call between Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake.
Houthi strike puts Red Sea shipping on alert as Hormuz remains shut
Yemen’s Houthi strike on Israel has renewed fears that Bab el-Mandeb could join Hormuz as a critical choke point for global shipping and energy flows
Dubai underwater following torrential rains
Dubai was underwater after torrential rain overwhelmed the sewage system and left roads under water and street level shops swimming in water on March 28.
Satellite imagery confirms extensive damage at Qatar’s Ras Laffan LNG plant
Satellite imagery indicates significant damage at Qatar’s Ras Laffan LNG plant that was hit by Iranian missiles on March 18, including the apparent collapse of primary heat exchangers at Train 6 and structural damage to adjacent facilities.
Vietnam allocates $304mn to fuel price stabilisation fund
The allocation will be sourced from a central budget revenue surplus recorded in 2025 and assigned to the Ministry of Industry and Trade for implementation.
Pakistan confirms passage for 20 ships through Strait of Hormuz
Pakistan has confirmed an agreement with Iranian authorities allowing 20 Pakistani-flagged vessels to transit the Strait of Hormuz. It is a development presented by Islamabad as a step towards substantially easing the nation's energy disruption.
Iraq accelerates rehabilitation of oil export pipeline to Turkey
Iraq’s Oil Ministry has confirmed that work on the rehabilitation of the northern export pipeline, part of the Iraq-Turkey line is progressing at an accelerated pace.The project which operates three shifts per day aims to meet its completion deadline
Bulgaria backs EU deal on Vertical Gas Corridor to secure regional gas supplies
Operators of the Vertical Gas Corridor have agreed with the European Commission on a long-term framework to secure reliable gas supplies to Southeastern Europe.
Greenvolt unit to develop 180 MW wind project in Serbia
Belgrade-based WPP Black Mud, part of Portugal’s Greenvolt Group, plans to build a 180 megawatt wind farm in southern Serbia.
Russia to reimpose gasoline export ban from April 1 amid price volatility
Russia will ban gasoline exports from April 1 through July 31, Deputy Prime Minister Alexander Novak has ordered, in a move aimed at stabilising domestic fuel prices and ensuring adequate supply to the domestic market.
Hydropower leads February electricity generation in Turkey after record rainfall
Plentiful rainfall in February — the highest in 66 years — boosted dam reservoir levels across Turkey and made hydroelectric power plants (HPPs) the top contributor to the country’s energy mix.
Second attack on Iran’s Bushehr nuclear power station raises Chernobyl radiation cloud spectre
A second missile attack in the proximity to Iran’s Bushehr nuclear power plant (NPP) has raised the spectre of a Chernobyl-like cloud of radiation drifting over the Gulf region, making some countries uninhabitable and poisoning the water.
Atacama Group to build 300mn-litre fuel storage hub in Namibia
The Atacama Group (TAG), a US energy and infrastructure firm, plans to develop a 300mn-litre fuel storage facility at the Walvis Bay New North Port in Namibia.
Iran war is Asia's Ukraine moment, rapid green energy rollout will accelerate
Three quarters of the world's population live in fossil importing countries and bleed out at least 3% of GDP every year to import oil to run their cars and power plants.
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