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.
Cuban private vendors are selling Chinese parabolic solar cookers for $135 as energy shortages worsen, though public skepticism abounds over safety, slow cooking times, and weather dependency.
UAE condemned a drone attack on its nuclear facility, warning of dangerous escalation. The IAEA expressed concern while oil prices surged amid renewed Middle East tensions.
A drone attack has targeted a nuclear power plant in the United Arab Emirates, marking an escalation in Middle Eastern regional tensions and raising concerns about critical infrastructure vulnerability.
Cuba experiences widespread power outages exceeding 2,000 MW as the nation exhausts fuel reserves, threatening healthcare systems and triggering growing public protests amid international pressure.
CNG prices in Delhi-NCR jumped Rs 1/kg on Sunday, marking the second hike in two days totaling Rs 3/kg. The increases follow global crude oil price spikes driven by West Asia geopolitical tensions.
CNG prices in Delhi rose by Re 1 per kg to Rs 80.09, marking the second increase in a week as input costs and USD appreciation drive hikes.
Delhi's CNG prices crossed Rs 80/kg for the first time following consecutive hikes by IGL, driven by Middle East tensions and Strait of Hormuz supply concerns affecting global crude markets.
Delhi's CNG prices jumped ₹1/kg to ₹80.09 on May 17, marking the second hike in 48 hours. IGL attributes the increases to rising input gas costs and USD appreciation.
CNG prices in Delhi-NCR jumped Re 1 per kg to Rs 80.09, marking the second hike in two days as global crude oil tensions drive fuel costs higher across India.
CNG prices in Delhi-NCR increased by Re 1 per kg on May 17, marking the second hike in two days, driven by the Strait of Hormuz blockade amid Middle East conflict pushing crude oil costs up 50%.
CNG prices in Delhi-NCR jumped by Re 1/kg to Rs 80.09, marking the second hike in two days. The increases follow global energy volatility linked to West Asia conflict.
Cuba experiences widespread power outages affecting seven provinces, triggering massive protests in Havana as citizens increasingly challenge the regime amid energy infrastructure crisis.
The UAE is fast-tracking construction of a second oil pipeline to double export capacity and circumvent Iran's 11-week blockade of the Strait of Hormuz, targeting 2027 completion amid regional tensions.
Portugal's Maritime Authority conducted a four-day training exercise in Madeira (May 12-15) simulating hydrocarbon spills at a commercial port and coastal beach, involving 63 personnel and testing rapid response capabilities.
UAE accelerates construction of a major oil pipeline through the desert to bypass the Strait of Hormuz, doubling capacity of its alternative route amid prolonged regional conflict.
Abu Dhabi is fast-tracking construction of a second West-East pipeline to Fujairah, expected online in 2027, to double ADNOC's export capacity and reduce vulnerability to Strait of Hormuz disruptions amid regional tensions.
State-owned oil companies raised CNG prices by Rs 2/kg and petrol/diesel by Rs 3/litre following global energy disruptions from West Asia conflict affecting crude oil supplies.
CNG prices in Delhi and Mumbai rose by ₹2/kg on May 15, following petrol and diesel hikes of ₹3/litre, driven by OMC losses from West Asia crisis and elevated global energy costs.
CIA Director John Ratcliffe visited Havana to meet Cuban officials including Raul Castro's grandson as the island faces severe energy shortages and oil depletion.
CIA Director John Ratcliffe met with Cuban officials in Havana to discuss improving US-Cuba relations amid the island's energy crisis, with Washington offering $100 million in aid conditional on significant reforms.
CIA Director John Ratcliffe made an unexpected visit to Havana to meet with Cuban officials amid the island's severe energy crisis and ongoing protests, signaling intensified US-Cuba negotiations.
BP acquires 40% stake in production-sharing agreement for six hydrocarbon blocks in Uzbekistan's Ustyurt Norte region, partnering with SOCAR and Uzbekneftegaz to explore oil and gas resources in Central Asia.
A new Linux kernel vulnerability (CVE-2026-46300) called Fragnesia allows unprivileged attackers to gain root privileges through a logic bug in the XFRM ESP-in-TCP subsystem, exposing systems to complete compromise.
Cuba expressed willingness to hear details on a $100 million US humanitarian aid proposal, though questioning its terms amid ongoing economic embargo and energy crisis affecting the island.
