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China’s Refinery Runs Slip as War Squeezes Crude Supply
Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with gasoline shedding 2.95% to 13.51 milli
Read full article →Repsol Returns to Venezuela With Ambitious Production Growth Plan
Spain’s Repsol will return to Venezuela after it signed a new deal with the Venezuelan government, with plans to increase crude oil production in the country by 50% from current levels. Per media reports, the Spanish maj
Read full article →Oil Prices Steady as Traders Balance Diplomatic Progress With Physical Shortages
Oil prices were flat in early Asian trade on Thursday as tentative signs of diplomatic progress between Washington and Tehran were offset by continued and intensifying supply tightness. At the time of writing, WTI was tr
Read full article →IMF Warns Of Potential Global Recession Amid High Oil Prices
The International Monetary Fund (IMF) has cut its economic outlook for the world economy and warned it could sink into a recession if the Iran war is not soon resolved. In its April 2026 World Economic Outlook, the Brett
Read full article →Oil’s 50% Surge Sparks Supercycle Talk but Risks Linger
Oil prices are up by over 50% since the end of February, ready for further gains should the situation in the Middle East deteriorate again. Supply is tight and getting tighter by the day. A fifth of global LNG supply is
Read full article →U.S. Is Most Resilient to the Energy Shock, Until It Isn’t
The seven-week-long war in Iran has shown that the regions are not equally hurt by the worst oil and gas disruption in history. Asian countries, which are most dependent on oil and LNG flows from the Middle East, are alr
Read full article →Solid-State Batteries Could Shatter China's Grip on Global Energy Storage
The global battery sector is on fire – and we’re not just talking about lithium-ion battery explosions. In 2025, the global lithium-ion battery market topped USD $150 billion in 2025, marking a stunning 20 percent year-o
Read full article →Asia Faces Strained Supply Lines and Volatile Energy Markets
Asia is caught between a market it cannot afford to buy from and a supply line that will take weeks to restart, in a best-case scenario. Negotiations remain ongoing, though not in person in Islamabad. What lies ahead is
Read full article →Norway’s Oil Export Earnings Surge 68% Amid Iran War
Norway's crude oil export earnings surged 67.9% year-on-year in March to a record 57.4 billion kroner ($6.1 billion), primarily driven by soaring global energy prices following the outbreak of the Iran war and the subseq
Read full article →South Korea Has An Oil Problem. Canada Is Helping To Fix It
Negotiations for an end to the Iran war have so far failed, and the Strait of Hormuz remains effectively closed. On Monday, the US military started blockading ships entering and exiting Iranian ports. President Trump sai
Read full article →Trump’s Waiver Of Jones Act Fails To Cool Oil Prices
Last month, U.S. President Donald Trump issued a 60-day waiver for the Jones Act in a bid to lower oil prices amid severe supply disruptions due to the closure of the Strait Of Hormuz. The Jones Act, aka Merchant Marine
Read full article →BofA Flags Gas Price Surge but No Pullback in Discretionary Spend
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall
Read full article →Iran War Sends Shockwaves Through Central Asia’s Fragile Economies
In Dubai, rows of cars bound for Kyrgyzstan are sitting idle. Aktilik Alipbay uulu, a Kyrgyz importer based in the city, isn't sure when they'll move. "We haven't received clear information like 'load now, it will arrive
Read full article →Trump Threatens To Fire Powell If He Stays Beyond May
U.S. President Donald Trump has again threatened to fire Federal Reserve Chair Jerome Powell if he does not leave office when his term as chair ends in May. The Trump administration has nominated Kevin Warsh to succeed P
Read full article →Oil Shock Exposes Creates an Opportunity for Libya
A defining pillar of President Trump’s America First agenda has been national energy security. Paired with the diplomatic momentum of the Abraham Accords, that strategy has reshaped regional alliances, strengthened U.S.
Read full article →Williams begins construction on NESE to expand Transco system
Williams has commenced construction on the NESE project, an expansion of its existing Transco pipeline network.
Read full article →Shell in negotiations with ADNOC for South Africa fuel stations sale
Shell is negotiating the sale of its South African fuel station network to Abu Dhabi National Oil Company (ADNOC).
Read full article →New episode: How have global oil supply chains shifted around the Iran conflict?
The Energy Technology podcast asks how global oil supplies have been impacted by the conflict in Iran, and considers who the winners are.
Read full article →Oil prices hold as US-Iran talks loom amid Hormuz closure
Oil prices remained relatively steady on Wednesday as investors evaluated the potential impact of renewed US-Iran discussions and possible supply releases from the Middle East, where exports are hindered by the closure o
Read full article →Transocean’s Deepwater Corcovado secures $445m extension
Transocean has secured a contract extension with Petrobras valued at approximately $445m for its ultra-deepwater drillship Deepwater Corcovado.
Read full article →Trillion Energy discovers light oil at Çetinkaya-1 in Türkiye
Trillion Energy has discovered light oil at the Çetinkaya-1 (C-1) well located in southeast Türkiye, prompting a shift towards significant oil exploration efforts.
Read full article →Oil and gas buyer’s guide for private cellular networks
Oil and gas buyer’s guide to private cellular networks: learn how 4G/5G private wireless enables connected workers, IoT sensors, real-time monitoring and stronger cybersecurity to future-proof operations.
Read full article →The future of asset management
Transform asset management in energy, mining, and renewables with private cellular networks. Learn how private 4G/5G enables real-time monitoring, predictive maintenance, improved safety, and reduced downtime in harsh, r
Read full article →Strategic readiness assessment
Benchmark your smart oil field digital readiness with Ericsson’s Smart Oil Field Maturity Assessment. Identify gaps across connectivity, automation, data use, and workforce readiness, and get a prioritized roadmap to imp
Read full article →Petrobras confirms new oil discovery in pre-salt of Campos Basin
Petrobras has reported the discovery of hydrocarbons in the pre-salt region of the Campos Basin, following the completion of drilling at exploratory well 1-BRSA-1404DC-RJS in block C-M-477.
Read full article →Weekly Fuel Security Briefing
Every Thursday: reserve status changes, price movements, and supply-risk signals across all 27 EU countries — in one concise email.
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