Africa's richest man says Kenya is emerging as the preferred location for a proposed $15bn–$17bn refinery, citing Mombasa’s deep port and large fuel market.

Australia’s Woodside Energy has raised its cost estimate for its long-delayed Browse LNG project.

Electricity demand across the wider ASEAN region is rising rapidly. Manufacturing expansion, electric vehicle adoption and the construction of energy-intensive data centres are driving consumption higher and higher every day.

The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.