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.
Cuba's electrical grid suffers partial collapse as widespread protests intensify across the island, with citizens challenging the regime amid energy crisis linked to U.S. embargoes and regional instability.
Cuba confirms complete depletion of diesel and fuel oil reserves, triggering widespread blackouts and growing public protests amid U.S. sanctions.
Cuba has exhausted its diesel and fuel oil supplies amid a US-led blockade, creating widespread power cuts and forcing hospital closures. The energy minister describes the situation as 'critical' and 'extremely tense.'
eralytics announces ISO 24966 publication, a new global standard for Modified Continuously Closed Cup flash point testing that improves safety, precision, and speed over traditional methods.
Norwegian energy company Equinor is testing whether European governments will commit to longer-term contracts for more expensive oil and gas projects to stabilize North Sea production decline.
New Zealand's natural gas reserves fell 11.5% in a year as major fields like Māui and Pohokura wind down faster than expected, threatening electricity security and industrial operations.
Cuba's energy minister warns the country faces critical power shortages as donated Russian oil runs out, with blackouts exceeding 20 hours daily in Havana amid U.S. sanctions and geopolitical tensions.
Documents discovered by slain environmentalist Juan López allegedly exposed a corruption network involving former Tocoa mayor Adán Fúnez, who diverted public funds through shell companies and armed groups. López's murder in September 2024 is now investigated as retaliation for uncovering the scheme.
Cuba reports complete depletion of diesel and fuel supplies, triggering street protests. The crisis stems from sanctions and reduced Russian oil shipments.
Raízen's debt restructuring negotiations face gridlock over board composition and creditor control, despite progress on converting 45% of debt to equity. Shell and Cosan resist additional capital injections as creditors demand majority board seats.
JPMorgan warns of potential oil catastrophe as Middle East supply disruptions exceed prior estimates, with Strait of Hormuz closure threatening global markets within weeks.
Spring in Seville brings caracoles season, where locals enjoy small snails eaten directly from shells at favorite tapas bars, a tradition distinct from French escargot.
Asia's rapid technological expansion coupled with continued petroleum dependence presents a cautionary economic model for global markets, highlighting tensions between innovation and energy security.
Europe accelerates efforts to stockpile natural gas for winter as potential Strait of Hormuz closure threatens Gulf supply routes. International markets show higher gas availability this year, but prices could spike to €63 if the critical waterway remains blocked beyond July.
India declined Russia's offer of sanctioned LNG cargoes despite Middle East-driven energy concerns, prioritizing compliance over supply needs. The decision leaves Russian shipments stranded as New Delhi balances energy security with sanctions risk.
Thailand's Finance Minister warns inflation could reach 4-5% due to heavy reliance on imported oil and natural gas, justifying a THB200 billion emergency borrowing decree for energy transition and crisis mitigation.
Japanese researchers achieved 3.6x brighter red LED emission using europium-doped gallium nitride on semipolar crystal planes, enabling next-generation full-color micro-LED displays with improved wavelength stability.
A gas pipeline explosion in São Paulo's Jaguaré neighborhood killed at least one person and destroyed 35 homes during water infrastructure work. Emergency teams continue searching for additional victims in the rubble.
Closure of the Strait of Hormuz removes approximately 100 million barrels of oil weekly from global markets, according to Saudi Aramco, threatening energy security and economic stability amid ongoing regional conflict.
A gas explosion in São Paulo's Jaguaré neighborhood killed one person and injured three others, affecting 160 residents and condemning 46 buildings. The incident was triggered by Sabesp construction work that damaged a gas pipeline.
Nintendo reports Switch 2 sales momentum improving in western markets despite recent price increases, with multiple unannounced titles planned for release through March 2027.
Philippines' DOE announced May 12 price adjustments: diesel dropping P9.57/liter, gasoline rising P0.47/liter, amid volatile crude oil prices from Middle East tensions.
Saudi Aramco reported a 25-26% jump in Q1 profits despite regional conflict, leveraging pipeline capacity and export route diversification. CEO warns of prolonged oil market disruption from production losses.
The United States received 13.5 kg of enriched uranium from Venezuela in a significant nuclear material transfer. The shipment represents a notable diplomatic and security development between the two nations.
