The Iran war has damaged as much as $58 billion worth of energy infrastructure, according to an estimate published by consulting firm Rystad Energy on Wednesday. Iran has attacked the oil and gas infrastructure of its Gulf Arab neighbors including production facilities, refineries and pipelines among other targets. Israel has bombed natural gas and petrochemical…
Addis Ababa — Foreign Minister Gedion Timothewos emphasized Africa’s unique opportunity to transition to low-carbon industrial growth by leveraging its abundant renewable energy resources, at the 2026 International Vienna Energy and Climate Forum. He called for urgent action to dismantle systemic barriers hindering energy access and infrastructure development, while reaffirming Ethiopia’s commitment to climate-resilient development…
Higher crude prices due to the disruption in the Strait of Hormuz have helped Russia earn more from energy exports. One nation that’s hoping to gain from the United States-Israel war on Iran is Russia, the world’s third largest oil producer. Higher crude prices due to the disruption in the Strait of Hormuz have allowed…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum liquids to the global market….
21m ago Israeli opposition leader warns military is “stretched to the limit and beyond” Israeli opposition leader Yair Lapid is warning that the war was is taking too high a toll. “The IDF (Israel Defense Forces) is stretched to the limit and beyond. The government is leaving the army wounded out on the battlefield,”…
QatarEnergy CEO Saad al-Kaabi says he warned US of ‘negative consequences’ of attacking Iranian energy infrastructure. Published On 20 Mar 202620 Mar 2026 QatarEnergy CEO Saad al-Kaabi said he warned United States officials and energy executives about the impact of a potential Iranian attack on oil and gas facilities before Tehran targeted Qatar’s Ras Laffan…
At the World Nuclear Energy Summit, President Paul Kagame delivered a message that is likely to spark debate across the developing world: nuclear energy, he argued, is neither too complex nor too risky for countries like Rwanda. For decades, nuclear power has largely remained the preserve of advanced economies, largely due to the enormous capital…
South Africa’s renewable energy industry has seen significant traction in the last 10-15 years, with a notable ramp-up in the last six months. The sector is poised for significant growth as new regulations seek to open a competitive wholesale market as early as next year. Energy wheeling – the process of using existing transmission and…
Oil prices retreated Tuesday, even after Secretary of Energy Chris Wright wrongly claimed in a social media post that the U.S. Navy had escorted a tanker through the Strait of Hormuz. “The U.S. Navy has not escorted a tanker or a vessel at this time,” White House Press Secretary Karoline Leavitt told reporters Tuesday. U.S….
