Keywords: Energy
The global energy market is facing its most severe disruption in decades, with the International Energy Agency warning that the oil crisis triggered by the Iran conflict now surpasses the scale of the shocks seen in the 1970s. Nearly a month after hostilities began on February 28, the closure of the......
Economic activity across the eurozone slowed sharply in March, with private sector growth nearly stalling as rising energy costs and supply disruptions linked to the Middle East conflict weighed on demand and business confidence. Preliminary data from S and P Global showed the HCOB eurozone composite......
The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......
TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......
Russia and Vietnam have signed an intergovernmental agreement to cooperate on the construction of the Ninh Thuan 1 nuclear power plant in Vietnam, according to Russia’s state nuclear company Rosatom. The project includes two Russian-designed reactors with a total capacity of 2,400 megawatts (MW),......
Ukrainian President Volodymyr Zelenskyy held talks on Monday with Mozambican counterpart Daniel Chapo to explore potential gas supplies to Ukraine, as the country seeks alternatives amid a global energy crisis. Zelenskyy emphasized Ukraine’s interest in securing additional energy resources, while......
Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation......
Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria......
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
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