Search
Close this search box.
LN24 > Blog > GLOBAL ENERGY MARKETS
22
Jul

Egypt Approves New Oil and Gas Deals to Boost Energy Production

  • LN24 / 5 days
  • 0
  • 2 min read

Egypt’s parliament has approved four new oil and gas exploration and development agreements, including a major project involving Perenco North Sinai Petroleum, as the government intensifies efforts to increase domestic energy production and strengthen the country’s long-term energy security. Four New Energy Agreements Approved The approved agreements cover exploration and production activities across North Sinai, […]

08
Jul

U.S. Reinstates Sanctions on Iranian Oil Sales After Tanker Attacks, Raising Stakes in Middle East Crisis

  • LN24 / 3 weeks
  • 0
  • 4 min read

The United States has reinstated sanctions on Iranian oil exports after a series of attacks on oil and liquefied natural gas (LNG) tankers in and around the Strait of Hormuz, marking a significant escalation in its economic pressure campaign against Tehran and further straining already fragile diplomatic relations. The move comes as tensions between Washington […]

25
Jun

Iraq Warns It Could Exit OPEC if Production Quota Is Not Increased

  • LN24 / 1 month
  • 0
  • 4 min read

Baghdad Pushes for Higher Oil Output Amid Growing Frustration Iraq is considering all available options, including a potential withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), if the group fails to increase the country’s oil production quota, according to Iraqi officials familiar with the matter. The warning marks one of the strongest signals […]

19
Mar

U.S. Weighs Sending More Troops as Iran War Enters Possible New Phase

  • LN24 / 4 months
  • 0
  • 3 min read

In WASHINGTON the Biden administration is actively considering deploying thousands of additional U.S. troops to the Middle East as the conflict with Iran enters a potentially new and more intense phase, according to U.S. officials and sources familiar with the planning. Officials speaking on condition of anonymity said that strategic military options are being evaluated […]

16
Mar

Gulf Importers Race to Reroute as Hormuz Closure Jolts Supply Chains

  • LN24 / 4 months
  • 0
  • 4 min read

Importers across the Gulf are scrambling to reroute shipments of food, medicines and industrial goods after the closure of the Strait of Hormuz triggered one of the most severe supply chain disruptions in decades. The shutdown of the narrow waterway a critical passage linking the Persian Gulf to global shipping lanes has effectively halted a […]

05
Mar

India’s MRPL Shuts Refining Units Due to Oil Shortage, Sources Say

  • LN24 / 5 months
  • 0
  • 2 min read

New Delhi/Singapore India’s state‑owned Mangalore Refinery and Petrochemicals Ltd (MRPL) has temporarily shut down a crude oil processing unit and several secondary units at its 300,000 barrels‑per‑day refinery in Mangaluru due to a shortage of crude oil supplies, three sources with direct knowledge of the situation said on Thursday. The closures, which began Wednesday evening, […]

05
Mar

Iran Could Disrupt the Strait of Hormuz with Drones for Months, Raising Global Energy Concerns

  • LN24 / 5 months
  • 0
  • 4 min read

Iran could potentially disrupt shipping through the strategically vital Strait of Hormuz for months using waves of drone attacks, according to military analysts and intelligence officials, raising fears of prolonged instability in global energy markets. The warning comes as tensions escalate across the Middle East following recent strikes by the United States and Israel on […]