In the News

Iran’s oil minister visits Kharg Island, meeting with naval officials to discuss energy security amid rising tensions with Israel

Oil prices eased slightly after recording their largest weekly rise in over a year, driven by geopolitical tensions and OPEC+ supply cuts, as investors monitor global supply.

Japan expands LNG cooperation with South Korea and Italy to ensure energy security, focusing on flexible procurement contracts and strategic partnerships.

Oil prices recorded significant weekly gains amid heightened Middle East conflict fears. President Biden’s caution against targeting Iranian oil helped limit the surge.

Latin America’s efforts to lead in clean hydrogen face hurdles, including high production costs and a lack of local industry demand.

OPEC’s oil output hit its lowest level in 2024 due to disruptions in Libya and Iraq’s compliance efforts, impacting global oil supply dynamics.

Eskom’s proposed tariff hikes are under review, with South Africa’s electricity minister labeling them “untenable” and the government exploring reduction mechanisms to alleviate the financial burden on consumers

KEY POINTS Oil-producing nations in Africa have raised 45% of the initial $5 billion in seed capital for the planned Africa Energy Bank, which will fund oil projects on the…

The US government is investing $1.5 billion to fund four power grid projects aimed at increasing resilience and clean energy integration across multiple regions.