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EXPLAINED: 6 - The Real Truth

Magyar keeps door open to Russian energy despite EU phase-out plans

At his first press conference after being elected Prime Minister of Hungary, Péter Magyar said on Monday that the country will continue seeking the cheapest energy sources, including from Russia. His statement appear to clash with earlier pledges to phase out Russian energy imports by 2035.

Euronews

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Euronews

Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the U.S. and Israeli war in Iran, which has choked off roughly a fifth of the world’s oil supply

The Independent UK

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Iran Earns Nearly Double From Oil During War As Strikes Fail To Halt Energy Exports And Global Prices Rise

Despite military strikes, Iran's oil exports have surged, doubling its daily revenue as global crude prices rise.

International Business Times UK

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins

The Guardian - UK

Iran suggests Spain may be able to send ships through Strait of Hormuz as it is ‘non-hostile’ country

Iran remains in control of the Strait of Hormuz and attacks on vessels have caused chaos in energy markets

The Independent UK

Europe loses its grip as LNG cargoes chase higher prices in Asia

Europe is losing LNG shipments to Asia as the war in the Middle East impacting Qatari facilities pushes prices higher. Italy and Belgium scramble for alternative supplies in mega competitive market.

Euronews

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The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

International Business Times UK

China has been preparing for a global energy crisis for years. It is paying off now

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar

The Guardian - AU

Russian oil tanker heading to Cuba amid US economic blockade

Vessel with 730,000 barrels of crude set to reach Cuba on 23 March, according to maritime data, after Donald Trump said he expects to have ‘honour of taking’ country

The Guardian - AU

About 90 ships crossed Strait of Hormuz despite war, finds report

HONG KONG: About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many…

The Times of India

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

International Business Times UK

Iran oil exports continue as tankers cross the Strait of Hormuz despite conflict

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

Euronews

About 90 ships have crossed the Strait of Hormuz since war began. Here’s how

Most shipping traffic through the Strait of Hormuz, which supplies roughly one-fifth of the world’s crude oil, has been halted since early March

The Independent UK

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The Independent UK

How countries are cutting deals with Iran to move oil through the Strait of Hormuz – and undermine Trump

IN DEPTH: The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

MyLifeXP

Why Govt Suddenly Stopped LPG Refills for PNG Homes

For many Indian families, a cooking gas cylinder is part of daily life. You book a refill, the delivery arrives, and the kitchen keeps running smoothly. But now, a new rule has quietly changed that routine. The government has announced that households with Piped Natural Gas connections can no longer…

Radio France Internationale

Kharg Island, the fragile oil lifeline behind Iran’s war economy

A small island in the Gulf has become a flashpoint in the widening war involving Iran, the United States and Israel. Kharg Island handles almost all of Iran’s oil exports – making it a vital economic lifeline for Tehran.

The Independent UK

How Trump’s bid to cut oil prices will fill Russia’s war chest with billions

ANALYSIS: Russia is set to earn up to two-thirds more a month from its oil and gas revenue than it did in February, experts say, potentially wiping out months of losses in a matter of weeks. Stuti Mishra reports

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Radio France Internationale

War disrupts fertiliser supplies and puts food security at risk

With production in the Gulf countries at a standstill and gas prices rising, the war in the Middle East is disrupting the supply of fertilisers and posing risks for food security.

The Independent UK

India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Guardian - UK

Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday

The Independent UK

War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia

The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth

The Independent UK

How Iran’s closure of Strait of Hormuz could upend global oil and gas supplies

Iran has effectively shut down the Strait of Hormuz in retaliation for the US-Israeli war. Given that a quarter of seaborne oil and a fifth of global LNG shipments pass through this critical maritime route, the move may prove catastrophic for major economies dependent on energy supplies from the Gulf.…

The Guardian - US

Cuba on the brink as Trump turns up the pressure: ‘There is going to be a real blockade’

Country is already suffering acute fuel shortage; experts say complete cutoff will be ‘catastrophic’ to its infrastructure

The Independent UK

EU still pouring billions into Russian gas economy despite war in Ukraine, analysis shows

EU purchases from an oil project in Siberia netted billions in revenue for the Kremlin last year

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