Fitch Ratings has raised its 2026-2027 oil and gas price assumptions on a longer Strait of Hormuz closure, assuming reopening around July, with Brent expected at USD100-110 per barrel through July before falling to USD70 by September.

The Moroccan National Office of Hydrocarbons and Mines (ONHYM) held a series of high-level meetings in Washington to discuss progress on the $25bn Atlantic African Gas Pipeline (AAGP)

In the late 20th century, a handful of countries — led by Brazil and the United States — turned to liquid biofuels to reduce their dependence on foreign oil markets, producing transport fuels from cheap crops instead.

Fico declined to give details on the urgent meeting with Transpetrol but hinted at US interest in energy deals with Russia.