The price hike caused by the Gulf war has finally hit the Russian budget which saw tax revenues jump by almost 40%, but thanks to

Russia’s oil revenues rebound on Middle East conflict price hike, but gains are modest

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 7 May 2026
Russia’s oil and gas revenues rebounded sharply in April as surging crude prices linked to conflict in the Middle East boosted export earnings, offering the Kremlin temporary relief after months of mounting fiscal pressure.
A super El Niño is expected in the second half of this year that could disrupt agriculture, energy and logistics that will only add to an expected inflation shock caused by the Gulf War.

Super El Niño threat could add to Iran war inflation shock

REM - Renewable Energy
By Ben Aris in Berlin 7 May 2026
A growing risk of a “Super El Niño” later this year is fuelling concerns among economists and commodity traders that it will only add to the inflation shock already on the way as a result of spiking energy prices due to the Iran war.

Energy firms to pump $19bn investments into Egypt’s oil sector over coming 3 years, says PM

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By bna Cairo bureau 7 May 2026
PM Madbouly said Eni (BIT:ENI) has allocated investments worth $8bn, while BP (LSE:BP) plans to invest $5bn. UAE-based Arcius is expected to contribute $2bn, alongside $4bn from US energy group Apache (NYSE:APA).
The Colombian leader has warned that crypto mining reliant on fossil fuels risks worsening climate change, conditioning his support on clean-energy sourcing.

Colombia's Petro pitches Caribbean coast as bitcoin mining hub on clean energy surplus

REM - Renewable Energy
By Cynthia Michelle Aranguren Hernández 6 May 2026
Colombian President Gustavo Petro has proposed turning the country's Caribbean coast into a bitcoin mining centre powered by surplus clean energy, framing the initiative as a potential driver of regional economic development.
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