Global oil prices climbed above $100 a barrel for the first time in nearly two months on Thursday (23 July) after Yemen's Houthi movement said it had attacked two Saudi oil tankers in the Red Sea, raising fresh concerns about global energy supplies.
Israel has launched its fifth competitive process for offshore natural gas exploration, seeking to expand its energy resources, strengthen domestic supply and increase exports to regional markets, Energy Minister Eli Cohen announced on Monday.
Oil tankers began moving through the Strait of Hormuz on Thursday as an interim agreement between the United States and Iran came into effect, marking a tentative de-escalation in a conflict that has disrupted global energy markets and heightened regional tensions.
Uzbekistan is strengthening international partnerships in the energy sector, signing several new deals with Gulf and U.S. companies to expand its renewable capacity, modernise production, and attract billions in investment.
Israel launched a strike on Saturday targeting Iran’s energy sector for the first time in its current military campaign, hitting installations at the South Pars gas field, a major fuel depot in Tehran, and a nearby oil refinery.
Kuwait Oil Company discovers 800M barrels of oil and 600B cubic feet of gas at Al-Jlaiaa, boosting energy ambitions and plans for a 40% production capacity expansion.
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