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Brent crude climbs to $111 as Trump threats keep oil markets on edge
Brent crude rose to $111.08 a barrel on April 7, up for a third straight session as Trump's threats to destroy Iranian infrastructure keep oil markets climbing five weeks into the war.
Argentina gas exports to Chile briefly halted over quality issues at Vaca Muerta supply
Nigeria’s Heirs Energies backs African entrepreneurship with $10mn investment
Nigerian indigenous integrated energy company Heirs Energies has allocated $10mn to 2,000 African start-ups in support of the Tony Elumelu Foundation’s (TEF).
Ghana joins boycott of Africa Energies Summit amid concerns over exclusion and representation
Ghana has decided to withdraw from the Africa Energies Summit following a call by the African Energy Chamber (AEC) to boycott the event in London over representation concerns.
Slovak PM Fico to visit Moscow for Victory Day
Robert Fico was the only EU leader to attend the Moscow parade commemorating the 80th anniversary of the end of WWII last year.
Czech government to cap margins on fuel prices, lower diesel consumption tax
The Czech government is to cap margins on prices of fuel and lower diesel consumption tax, the country’s Prime Minister Andrej Babiš announced.
World Bank delays approval of $15mn Azerigas methane leak project to May 21
The World Bank has postponed the board approval date for a $15mn investment financing project targeting gas leak detection and repair in SOCAR subsidiary Azerigas's distribution network
Gabon grants Panoro Energy approval to extend Dussafu Marin PSC to 2053
Gabon has approved an extension of Panoro Energy’s Dussafu production sharing contract to 2053, enabling long-term investment planning and supporting output recovery towards 40,000bpd while strengthening reserves and exploration upside.
Southeast Asia’s energy squeeze
The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.
Sri Lanka hikes LPG prices sharply amid global energy surge
Sri Lanka, on April 6, increased liquefied petroleum gas (LPG) prices by nearly a quarter, citing rising global energy costs linked to the ongoing Iran conflict.
Iran opens Hormuz for friendly nations, including Malaysia with zero-fee transit
The Strait of Hormuz has partially reopened for so-called friendly nations after a month-long blockade, with Malaysia securing a high-priority exemption that allows seven of its vessels, including PETRONAS-chartered tankers, to transit without paying
India's Cairn Oil & Gas ties up 25-MW hybrid renewable supply for Barmer operations
Cairn Oil & Gas has secured 25 megawatts (MW) of captive hybrid renewable energy through a partnership with Serentica Renewables, marking a shift towards cleaner power at its key Rajasthan operations.
Pakistan orders early market closures to curb energy use
Pakistan has rolled out sweeping energy conservation measures, ordering markets and shopping malls to shut by 8 pm in most parts of the country from April 7, as authorities respond to rising global fuel costs.
Reliance begins direct purchases of Venezuelan crude
A unit of India’s Reliance Industries has started loading a 2mn-barrel cargo of Venezuelan heavy crude purchased directly from state-run PDVSA.
First Gen expands Philippines hydro footprint by 2026
First Gen Hydro Power Corp. expects to finish its 120MW Aya pumped-storage project in the fourth quarter of 2026, the company reported in a filing with the SEC on April 6.
Colombia reverses fuel price cuts as global oil costs widen budget deficit
Colombia raised domestic fuel prices from April 1 as climbing international oil costs inflated the subsidy burden on an already strained public balance sheet, reversing two consecutive monthly reductions that had briefly eased inflation pressures
Russia dispatches second oil tanker to Cuba amid US fuel embargo
Russia plans to send a second oil tanker to Cuba following the delivery of hundreds of metric tonnes at Matanzas port earlier this week, Russian Energy Minister Sergei Tsivilev stated, as the Caribbean island confronts deepening energy shortages
Jade Gas completes equity raise for development of Mongolia’s first commercial gas production
Jade Gas Holdings (ASX:JGH), a company developing Mongolia’s first commercial gas production operation, has announced the completion of a A$1.8mn ($1.2mn) equity raise to existing investors.
KMG, Lukoil review options to develop Kazakh offshore field amid sanctions
Kazakhstan’s state energy company KazMunayGas and Russia’s Lukoil are exploring financing options for the development of the Kalamkas-More and Khazar offshore fields in the Caspian Sea.
Libya fails to rescue damaged Russian shadow LNG tanker
The Russian shadow fleet LNG tanker Arctic Metagaz was left drifting uncontrolled in the central Mediterranean after a failed towing attempt early on April 2
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