Oil Worker’s Day celebrated in Azerbaijan on 20 September, is the perfect occasion to reflect on several current global developments that affect the global and Azerbaijani energy sector.
A drone attack that forced Saudi Arabia to shut its East-West Pipeline on 13 September exposed how much the Kingdom still depends on the Strait of Hormuz, even with a major alternative route in place.
Saudi Arabia faces a growing security challenge as Houthi missile and drone attacks reach Riyadh and threaten critical energy infrastructure, putting pressure on the Kingdom's air defences and vital oil export routes.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
Kazakhstan and South Korea have agreed to upgrade relations to a comprehensive strategic partnership, as the two countries discuss nearly $19 billion in projects spanning energy, critical minerals and infrastructure.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
Saudi Arabia’s Delta Energy International has signed a 25-year, $200 million oil and gas contract with Afghanistan’s Ministry of Mines and Petroleum, launching exploration and extraction work in the country’s western Kushk-Tirpul basin.
Türkiye could become an increasingly important outlet for Iraqi crude as Baghdad develops new export routes to reduce its reliance on the Strait of Hormuz and targets capacity of five million barrels per day.
Black Sea Petroleum (BSP), the company behind Georgia's Kulevi plant on the Black Sea coast, has announced that as of 23 August, the refinery is processing exclusively non-Russian oil.
U.S. Energy Secretary Chris Wright has visited areas damaged by the June earthquakes in Venezuela, describing the destruction and loss of life as “heartbreaking”.
U.S. Energy Secretary Chris Wright said on Tuesday that energy deals expected to be signed in Venezuela this week could more than double the country’s crude oil production over the next few years.
Venezuela’s interim President Delcy Rodriguez has hailed a sweeping energy agreement with the United States as an “historic” deal, saying it will run for 25 years and aim to lift crude production to more than 1.5 million barrels per day.
The U.S. is to take control of a fifth of Venezuela’s vast oil reserves, President Donald Trump announced on Friday. He said that Washington had secured control of more than 65 billion barrels of the South American country’s reserves through a partnership with private business.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
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Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Pakistan is turning to more U.S. crude as disruption around the Strait of Hormuz exposes the risks of its heavy reliance on Gulf energy supplies.
Kazakhstan’s oil exports through its main pipeline route fell sharply in July after Black Sea disruptions, as neighbouring Kyrgyzstan faced rising fuel prices amid reduced supplies from Russia.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
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