Keywords: Oil
A fire at a major Australian refinery has intensified fuel supply pressures across Asia, as regional markets already strain under disruptions linked to the Middle East conflict. At the same time, Japanese refiners are resorting to complex offshore oil transfers to secure crude supplies while avoiding......
Norway has generated roughly 5 billion dollars in additional revenue since the start of the war in Iran, as disruptions to global energy supply boosted oil prices and demand from Europe. According to The New York Times, the surge reflects Norway’s growing role as a key energy supplier to European......
Rising fuel prices linked to the war in Iran are accelerating a global shift toward electric vehicles, driving a sharp increase in exports of clean technologies from China. Analysts say the surge in oil costs is pushing consumers across Asia and other regions to adopt electric mobility faster than expected,......
Gold prices hovered near record highs as easing tensions between the United States and Iran reduced demand for safe-haven assets, while oil prices edged lower on expectations that renewed diplomacy could prevent a broader supply crisis. Spot gold traded around 4,850 dollars per ounce early Wednesday,......
Angola’s state-owned oil company Sonangol has stated that it has not received any formal request from Botswana regarding participation in the planned Lobito refinery project. The proposed refinery, one of Angola’s largest infrastructure investments, is valued at around $6.6 billion and is......
Japan has announced plans to establish a financial support framework worth around $10 billion to help Asian countries secure stable energy supplies amid growing global competition for oil. The initiative aims to strengthen regional energy security at a time when geopolitical tensions, particularly in......
The war in Iran, now in its seventh week, has disrupted roughly 20 percent of global oil supply passing through the Strait of Hormuz and pushed energy prices to levels not seen since 2022. Yet the crisis is also accelerating a structural shift toward renewable energy, with analysts saying the transition......
Donald Trump sharply criticized the United Kingdom’s energy strategy, urging the government to expand oil production in the North Sea and calling its restrictions on new exploration “absolutely crazy.” In a post on Truth Social, Trump argued that Europe faces an energy shortage while......
Russia has pledged to continue supplying oil to Cuba as the island faces a severe energy crisis driven by supply disruptions and geopolitical tensions. The announcement was made by Foreign Minister Sergei Lavrov, who confirmed that Moscow intends to maintain its support following the recent delivery......
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