The Board of Directors of the Export-Import Bank of the US (EXIM) has approved credit guarantees worth over $2bn to support the export of US liquefied natural gas (LNG) to Egypt.

Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.

Pakistan’s Prime Minister Shehbaz Sharif has said the government has started to distribute relief funds to public transport and freight operators through digital wallets, as it seeks to cushion the impact of sharply rising fuel costs.

Iran has increased loadings from its Jask terminal, but the port remains a supplement rather than a substitute for Kharg Island