Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Major LNG producers like Qatar are disabling ship tracking systems to navigate Iran-controlled waters, adopting opaque maritime practices previously used in sanctioned Russian oil trade with lasting implications for global energy transparency.
Azerbaijan's SOCAR has become a major player in Israeli gas infrastructure, holding stakes in multiple fields and providing backup LNG supplies to Egypt and Jordan when Israeli exports are disrupted, while enabling gas sales to buyers avoiding direct Israeli purchases.
Raízen, a Shell-Cosan joint venture, obtained creditor approval for a R$64.7 billion extrajudicial restructuring, the largest in Brazil's history, offering creditors three options including debt conversion to equity.
Raízen, Brazil's Shell fuel distributor, gains 75% creditor approval for an extrajudicial recovery plan restructuring R$64.7 billion in debt with three repayment options.
Raízen, controlled by Cosan and Shell, has secured 75% creditor approval for Brazil's largest extrajudicial restructuring involving R$66 billion in debt, converting 45% to equity at R$0.25 per share.
The U.S. military shot down four Iranian drones headed toward the Strait of Hormuz and struck Iranian coastal radar sites in response, escalating tensions over the critical shipping corridor.
Trump administration officials are in active dialogue regarding California's strategic petroleum reserve and oil infrastructure, with White House representatives visiting contested pipeline projects in Santa Barbara County.
Three senior marketing and communications professionals have assumed new leadership roles across Latin America, including Rocío Grillo Gálvez as head of communications at Kia Perú, Daniela Castelli in digital communications at Exxon Mobil, and Federico Golpe at ABB.
Sempra Infrastructure has begun LNG production at its Energía Costa Azul plant in Baja California, with first phase completion expected summer 2026 and commercial sales to follow, targeting Asian markets via the shortest Pacific route.
Former U.S. Treasury official Marshall Billingslea states the Trump administration is replicating its Venezuela strategy against Cuba, leveraging Cuba's loss of Venezuelan oil subsidies and asserting control over Venezuelan petroleum revenues through U.S. Treasury accounts.
North Korea has unveiled a new plant designed to produce weapons-grade uranium, according to state media photos analyzed by experts. The facility represents an escalation in the country's nuclear weapons development program.
DESFA inaugurated a 157-km high-pressure natural gas network in Western Macedonia, connecting five municipalities to gas supply for the first time and supporting industrial and residential consumption across northern Greece.
Raízen, Brazil's leading biofuel and fuel distributor, unveiled a R$65 billion debt restructuring plan converting 45% of debt to equity at R$0.25/share while Shell injects R$3.5 billion, transferring majority control to creditors.
Internal documents reveal Shell continued operating a major Nigerian pipeline despite knowing it caused widespread pollution, with senior executives warning of risks as early as 2008. Communities are seeking $1bn in damages for environmental destruction and health impacts.
RBI's June policy meeting will likely hold rates steady, but focus shifts to guidance on inflation, rupee depreciation, and crude oil impacts amid geopolitical tensions and imported inflation risks.
Spanish industrial electricity prices remain significantly higher than neighboring countries, with costs nearly double France's rates and 37% above year-ago levels, threatening manufacturing competitiveness.
El Salvador's thermal energy generation hit record highs in April 2026 due to extreme heat, reaching 66.66 GWh and driving electricity costs to $135/MWh as oil prices exceed $100 per barrel.
Japan faces its worst ethylene shortage in five decades due to Strait of Hormuz closure, threatening supplies of bananas that account for a major portion of household food spending.
Cuba is experiencing acute energy shortages forcing citizens to cook with charcoal and firewood, with reports of food scarcity and airline suspensions amid US sanctions.
Multiple Indian stocks face scrutiny as companies release Q4 FY26 earnings, with automotive, airline, textile, and energy sectors affected by policy changes and operational performance.
Ukraine conducted a significant drone attack on Russia's Saratov refinery, marking one of the deepest strikes against Russian petroleum infrastructure. The operation reflects Ukraine's expanding offensive strategy to target enemy logistics and energy production.
Ukraine conducted coordinated attacks on Russian oil refineries, pipeline infrastructure, military airbases, and financial institutions using drones, destroying hundreds of vehicles and military assets in 24 hours.
Guáimaro's municipal assembly convened to discuss efficiency amid energy crisis, focusing on food sovereignty, agricultural productivity, and social programs despite material and financial constraints.
India's government revised export duties on petrol, diesel, and aviation fuel effective June 1, adjusting rates to ₹1.5, ₹13.5, and ₹9.5 per litre respectively based on international crude oil prices.
