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Uncertain peace deal with Iran sends oil prices plummeting
Oil prices have dropped more than 5% to around $80 per barrel following the announcement of a peace deal between the US and Iran on June 15, with the latter noting that it would reopen the Strait of Hormuz.
Saudi Arabia, South Korea sign MoU to increase cooperation in energy sector
Saudi Arabia and South Korea signed a memorandum of understanding (MoU) on June 15 to increase cooperation in the development and use of petrochemical materials and in crude oil stockpiling.
AEC, SPE Africa agree to boost technical collaboration across Africa’s energy sector
The African Energy Chamber (AEC) and the Society of Petroleum Engineers (SPE Africa) have signed a memorandum of understanding (MoU) aimed at advancing technical collaboration, knowledge sharing and innovation across Africa’s energy industry.
Ukraine expands power generation tender as it seeks to bolster grid resilience
Ukraine has increased the capacity available in the second stage of its competitive programme to build new electricity generation facilities by 14%.
Italy signals interest in Tanzania carbon market investment as climate talks advance
Italy has expressed interest in investing in Tanzania’s carbon market and environmental conservation projects, as both sides deepen cooperation under the Paris Agreement’s carbon trading framework.
Israel's Tamar gas field posts 45% output rise
Israel's Tamar offshore gas field recorded output of 16 BCM for the 12 months ending June 2026, a 45% y/y increase.
Mexico's crude oil exports to US drop 85% since 2024
Mexico’s crude oil shipments to the United States have dropped 85% since 2024, as the country loses market share to Venezuela and other crude suppliers. In the first week of June, Mexico only exported 151,000 barrels per day to the US.
Mexico to invest $5.4bn into revitalising petrochemical and fertiliser sectors
Petróleos Mexicanos (Pemex), the Mexican state-owned oil company, and the Secretariat of Energy (SENER) announced a five-year investment plan worth MXN$93bn ($5.4bn) aimed at revitalising the country’s petrochemical and fertiliser production.
Argentina's YPF targets EBITDA above $7bn in 2026 as investors weigh export growth prospects
YPF expects its EBITDA to exceed $7.4bn in 2026, surpassing current analyst consensus estimates, as Argentina’s state-controlled energy company continues to benefit from production growth in Vaca Muerta.
Nigeria’s gas output edges higher as non-associated production gains ground
Nigeria’s average daily natural gas production rose to 7.93 bcf/d in May 2026, up 0.63% year on year, as growth in non-associated gas projects continued to support the country’s efforts to expand domestic supply and exports
Kenya commissions $65mn transmission project supplying planned Konza Technopolis development
Kenya has commissioned the KES8.4bn ($65mn) Isinya–Konza 400-kilovolt (kV) transmission line and associated Konza substation to bolster the high-voltage power network and strengthen electricity supply to the planned Konza Technopolis development.
End of Russian energy imports to EU not expected to threaten gas deliveries to Slovakia
The phase-out of Russian energy imports to the EU set to be implemented by September 2027 won't threaten gas deliveries to Slovakia, according to the gas industry experts speaking at the Central European Gas conference held in Bratislava
MOL signs production sharing agreement for offshore Libya exploration block
MOL to diversify upstream portfolio with new produciton sharing agreement signed with Repsol and TPAO in Libya.
MOL faces higher tax burden under Hungary's proposed oil windfall tax overhaul
Hungarian government would extend and tighen tax windfall tax on the Brent-Ural spread, expected to generate an addtional €43 revenue for the budget.
Oil export price beats Azerbaijan's 2026 budget plan by 22% in Q1
Azerbaijan's crude oil exports fetched an average of $79.5 a barrel in the first quarter of 2026, well above the $65 a barrel assumed in the state budget.
Singaporean climate company builder 100×100 launches $100mn fund
Accelerating the shift away from arms-length venture investing in sustainability, Singapore-based climate company builder 100×100 (formerly known as Wavemaker Impact) has expanded its capital base
IAEA endorses Malaysia’s nuclear energy blueprint
The International Atomic Energy Agency (IAEA) has formally endorsed Malaysia’s readiness to construct a sovereign nuclear power programme
Qatar vows to restart full output of LNG facilities in one month
State-run QatarEnergy has pledged it could return to producing LNG at its Ras Laffan Industrial Complex abruptly and could achieve full output at undamaged trains within a month.
Malaysian energy company Vantris Energy exits PN17 classification after restructuring
Marking the end of a corporate survival story in corporate Malaysia, Vantris Energy Berhad (KLSE: VANTNRG), formerly known as Sapura Energy Berhad, has officially repaired its capital structure
India and Japan formalise carbon credit framework
India and Japan have adopted the operational rules governing their bilateral carbon crediting arrangement, according to a press release by India’s Ministry of Environment, Forest and Climate Change.
Philippines aims for first nuclear plant by 2032
India's Kudankulam Unit 5 reaches key milestone with reactor vessel installation
India’s Kudankulam Nuclear Power Plant has reached a key construction milestone with the installation of the reactor pressure vessel for Unit 5, paving the way for the next phase of equipment assembly.
Japan secures crude lifeline as energy security drive broadens
For now in Japan, officials feel that current procurement plans, alternative import arrangements and stockpile levels provide a sufficient buffer to support both fuel consumption and industrial demand.
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