China Petroleum Engineering has secured a $4.6 billion contract to expand gas infrastructure at Turkmenistan’s Galkynysh field, reinforcing Beijing’s long-term energy partnership with one of its key suppliers.
Lufthansa will cut around 20,000 short-haul flights from its summer schedule as it moves to address sharply rising fuel costs linked to the Iran conflict.
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have triggered the largest oil supply disruption ever recorded in terms of daily output losses. However, Reuters calculations show that at least one past crisis had a greater cumulative impact over time.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of April, covering the latest developments you need to know.
The European Commission is set to outline new measures to ease pressure on households and businesses as Europe faces a new energy crisis linked to the conflict in Iran.
The escalating conflict involving Iran, the U.S. and Israel is fuelling what could become the most severe energy crisis the world has ever faced, according to the head of the International Energy Agency (IEA).
A major fire at the Geelong oil refinery near Melbourne in Australia on Wednesday 15 April was extinguished on Thursday lunchtime officials said. It's one of Australia's largest and critical plant's. Authorities said it is still producing jet fuel and diesel but at reduced levels.
Australia and Singapore have agreed to deepen cooperation on energy security as global fuel markets come under strain from disruption linked to the conflict in the Middle East.
While a fragile ceasefire in the Iran war may deliver badly needed relief to economies battered by the world’s worst-ever energy crisis, hopes it will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced.
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place increasing pressure on the country’s finances.
Reeling from macroeconomic shockwaves triggered by the escalating conflict in the Middle East, authorities in Dhaka have activated emergency national protocols aimed at sharply reducing domestic power consumption.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
Moldova's parliament approved the introduction of a 60-day energy state of emergency after Russian attacks in neighbouring Ukraine knocked out of service a power line providing most of the country's energy. Deputies approved the measure with 72 votes in favour in the 101-member chamber.
China’s military is preparing to hold talks with European Union and NATO officials in Brussels, as the ongoing conflict involving Iran begins to reshape the global security landscape and draw wider international attention.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
Mexico has dispatched fresh humanitarian shipments to Cuba as fuel shortages deepen under renewed U.S. pressure, while Canada prepares assistance of its own.
Mexico said it will stop sending oil to Cuba as U.S. President Donald Trump ramped up pressure on the Caribbean nation.
Russian forces have resumed attacks on Ukraine's capital Kyiv, as well as its second largest city Kharkiv and other cities early on Tuesday (3 February), officials said, triggering fires and dealing new blows to energy infrastructure.
Ukraine has introduced nationwide restrictions on electricity use, enforcing eight-hour daily limits following severe damage to power infrastructure.
Russia has escalated strikes on Ukraine’s energy system, targeting a key gas compressor station vital for winter storage, as Kyiv faces mounting shortages despite U.S. peace efforts.
China is battling an unprecedented power surge, as temperatures push electricity demand beyond 1.5 billion kilowatts. Officials warn the real test is still to come, with risks of power rationing looming.
Widespread blackouts lasting more than 20 hours a day are crippling Cuba, as fuel shortages and outdated infrastructure disrupt the country’s energy supply.
The European Union and the Republic of Moldova today agreed on a two-year comprehensive strategy enhancing energy independence of the country and supporting it to overcome the energy crisis caused after Russia cut off supplies early of January.
Syria's prolonged crisis has left its electricity infrastructure in ruins, with the ongoing civil war causing a significant decline in the country's energy resources.
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