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Rwanda to receive first Oman fuel shipment in August under Kenya, Tanzania supply deals
Rwanda expects its first Oman-sourced fuel shipment in early August under new Kenya and Tanzania supply agreements aimed at boosting fuel security and regional petroleum trade.
Latin America oil output jumps 27% in February as Brazil, Argentina and Mexico drive growth
Latin America and the Caribbean produced 377mn barrels of oil in February, OLADE said, up 27% from a year earlier, as higher output in Brazil, Argentina and Mexico lifted regional supply amid disruptions linked to tensions in the Middle East.
US revokes Iran oil waiver after tanker strikes in Strait of Hormuz
The US Treasury has revoked a licence allowing Iranian oil sales after three tankers were struck in the Strait of Hormuz, testing US-Iran peace talks and pushing Brent to two-week highs.
Kenya clears $61mn in fuel subsidy arrears to ease pressure on oil marketers
Kenya has paid KES7.9bn ($61.12mn) in outstanding fuel subsidy claims to oil importers, providing relief to oil marketing companies that have faced mounting cash flow pressures and intermittent fuel supply disruptions in recent months
Dangote to fund Kenya oil refinery with cash, bonds and IPO proceeds
Dangote Group plans to finance a proposed 700,000-bpd oil refinery in Kenya through internal cash flow, bonds and IPO proceeds, with the project planned for Lamu.
China's massive battery capacity buildout – Statista
China’s lead in renewable energy is matched by its dominance in battery storage, Statista reports.
ING: Oil bounces on Persian Gulf re-escalation
The re-escalation of fighting in the Persian Gulf in the last days has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks, ING said in a note.
India plans to expand its strategic oil reserves
The world’s third-largest oil consumer and the most populous nation on the planet is preparing for greater volatility in energy markets after crude prices surged during the war before retreating once flows through Hormuz began recovering.
German firm Everllence wins compressor contract for Angola FPSO project
Everllence will supply eight compressor trains for a new floating production storage and offloading (FPSO) vessel being built for offshore Angola, the company said in a statement on July 6.
China’s Hengli opts against receiving 2mn barrels of West African crude as US sanctions take effect
The cancelled cargoes include crude already delivered to storage facilities in eastern China and shipments scheduled for July.
OMV Petrom completes 384-point EV charging network on Bratislava-Cluj-Napoca corridor
OMV Petrom announced it has completed an EU-backed project to install 384 ultra-fast electric vehicle charging points along the TEN-T transport corridor linking Bratislava, Budapest, Oradea and Cluj-Napoca.
India's June fuel consumption falls
India's fuel consumption declined in June as demand for key petroleum products eased from the previous month, with liquefied petroleum gas (LPG) recording the sharpest annual drop.
Indonesia, Singapore negotiate green power export pricing
Indonesia and Singapore are negotiating the pricing of planned green electricity exports as the two countries seek to ensure the cross-border energy trade delivers economic benefits for both sides.
Japan weighs naphtha stockpile
Japan is considering establishing a strategic stockpile of naphtha as heightened tensions in the Middle East raise concerns over supplies of the petrochemical feedstock used to manufacture a wide range of products.
Sri Lanka commissions first industrial-scale battery storage system integrated with solar power
Sri Lanka has commissioned its first industrial-scale battery energy storage system (BESS) integrated with solar power, marking a milestone in the country's efforts to increase renewable energy use in the industrial sector.
ADB approves $160mn loan to expand Bhutan's solar power capacity
The Asian Development Bank (ADB) has approved a $160mn loan to help Bhutan expand its solar power capacity, supporting the development of at least 310 megawatts (MW) of new generation.
Bangladesh issues onshore wind power guidelines
Bangladesh has introduced comprehensive guidelines for the development of onshore wind power projects, establishing a regulatory framework aimed at attracting private investment.
Engro Vopak, S&P Global explore Pakistan's first refrigerated LPG import terminal
Engro Vopak Terminal Limited (EVTL) and S&P Global Energy plan to develop Pakistan's first refrigerated liquefied petroleum gas (LPG) import and storage terminal.
Bulgaria, Turkey freeze controversial gas import deal for 15 months
Bulgaria's state-owned gas supplier Bulgargaz and Turkey's BOTAS have agreed to suspend key terms of their long-term natural gas agreement for 15 months while the two sides renegotiate the contract.
Poland’s PGE reaches new milestone at 262MW Żarnowiec battery storage facility with transformer delivery
Poland's major power group PGE said that a power transformer had arrived at the construction site of its Battery Energy Storage System in Żarnowiec, bringing the facility closer to connection with the national electricity grid.
US tightens sanctions on Iranian oil trade
The US has moved to close a brief window of flexibility on Iranian energy exports, revoking a June authorisation and replacing it with a narrow wind‑down period that runs only until July 17
Cambodia fuel prices ease, but transport fares stay put
Cambodia has lowered retail fuel prices to near pre-conflict levels, but transport operators say passengers should not expect cheaper fares until fuel costs fall further.
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