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Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel…
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Oil rally fails to boost drilling as services firms are squeezed
Oilfield services firms around the world are bracing themselves for a drop in earnings, as the Iran War?disrupts the energy infrastructure throughout the Middle East. Producers will hold off on new drilling until the higher oil prices have been proven to be durable. Brent's benchmark price has risen 53% in the past two months…
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Zelenskiy: Ukraine reaching agreement on Middle East diesel supplies
The Ukrainian president Volodymyr Zelenskiy stated on Friday that Kyiv is working to reach an agreement with Middle Eastern countries on diesel supplies, the type of fuel most in demand in the country. Zelenskiy spoke to a Ukrainian TV interviewer during a Middle Eastern tour. He…
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Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Ex-Tropical cyclone Narelle, which has been affecting Australia's Queensland state and Northern Territory since March 20, further affected production at two of Australia’s largest liquefied natural gas plants. The storm system was waning in the country's northwestern region. Narelle…
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Ethiopia signs 13 billion dollar deals at Investment Conference
Ethiopian state investment commission announced that it had secured $13 billion in 'investment deals' after a conference to?attract capital into a range of economic sectors. The East African nation, like?other frontier economies of Africa, has sought to increase foreign direct investments…
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Chevron estimates repairs at Wheatstone gas plant will take weeks
The company stated on Sunday that it is likely to take several weeks for the Wheatstone Liquefied Natural Gas facility in…
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PetroChina's net profit for 2025 drops 4.5% due to lower oil prices
PetroChina, Asia's biggest oil and gas producer said on Sunday that its 2025 net annual?profit fell 4.5% from the record…
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Australia LNG continues to disrupt after Narelle Thousands without power
Australia's liquefied gas production remains disrupted, and thousands of people in the remote north were left without electricity on Sunday.
Latest news
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Australia LNG continues to disrupt after Narelle, thousands of people without power
On 'Sunday', Australia's liquefied gas production was still disrupted. Thousands of people in the remote north were without…
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Russian drones damage infrastructure, including a maternity hospital and key infrastructure in Ukraine.
Ukraine's officials said that Russia had launched waves of drone attacks against Ukraine. The attack resulted in the deaths of four people…
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Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Narelle, the former tropical storm that weakened in Australia's north-west, continued to disrupt production at two of Australia’s…
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Inpasa, a corn ethanol producer, opens a new plant in Brazil
Inpasa, a corn ethanol producer in Brazil's Bahia State, announced?that it had started operating at its new facility. It…
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Canada's Minister of International Trade says that the EU and CPTPP have agreed to move forward with a "historic" digital deal.
Canada's Trade Minister said that the European Union and parties to the Comprehensive and Progressive Agreement of Trans…
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Oil and gas exploration is back. Energy giants are hunting to replenish reserves
Executives at the CERAWeek Conference in Houston, Texas, this week declared that global energy companies have returned to the basics…
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The Russian government has announced that the ban on gasoline imports will be implemented from April 1.
The Russian government reported that Alexander Novak, the Deputy Prime Minister of Russia, had instructed his energy ministry…
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services firm, said that U.S. firms have 'cut back on the number of oil & /natural gas rigs for a…
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US finalizes biofuel blending quotas for 2026-27
On Friday, the 'Trump Administration' finalized a new mandate for biofuel blending volumes for 'the U.S. oil refiners. This…
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Expana raises EU sunflower production forecast amid rising energy costs
Expana maintained its forecast of European Union 'rapeseed production in 2026 as?20.8 millions metric tons but increased?its forecast on?sunflower…
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After oil shock, Argentina allows upto 15% ethanol to be blended into gasoline
The government of Argentina announced on Friday that it would 'allow local firms to voluntarily blend up to 15% ethanol in gasoline.
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Slovakia is interested in the gas produced by Romania's Neptun Project
The slovak prime minister Robert Fico stated that the country is interested in receiving natural gas from Romania's Neptun Deep offshore Project…
Shale Oil & Gas
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The Russian government has announced that the ban on gasoline imports will be implemented from April 1.
The Russian government reported that Alexander Novak, the Deputy Prime Minister of Russia, had instructed his energy ministry…
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services firm, said that U.S. firms have 'cut back on the number of oil & /natural gas rigs for a…
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Slovakia is interested in the gas produced by Romania's Neptun Project
The slovak prime minister Robert Fico stated that the country is interested in receiving natural gas from Romania's Neptun Deep offshore Project…
LNG
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Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation…
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Poland Invites Offers for New LNG Terminal Ahead of Investing in Second Regasification Vessel
Polish gas pipeline operator Gaz-System said on Friday it has opened registration for parties interested in booking long…
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Energy Prices Jump After Iran Attacks Qatar LNG Plant
Energy prices surged on Thursday after Iran struck the world’s largest LNG complex, causing damage that Qatar said could take five years to repair…
Renewables
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Expana raises EU sunflower production forecast amid rising energy costs
Expana maintained its forecast of European Union 'rapeseed production in 2026 as?20.8 millions metric tons but increased?its forecast on?sunflower…
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After oil shock, Argentina allows upto 15% ethanol to be blended into gasoline
The government of Argentina announced on Friday that it would 'allow local firms to voluntarily blend up to 15% ethanol in gasoline.
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Palm futures post fourth consecutive weekly gain
After losses earlier in week, Malaysian palm futures posted a fourth weekly gain. A softer ringgit helped support the market.