Meloni Asks EU Commission for Energy Crisis Budget Aid
Italy's Prime Minister Giorgia Meloni has urged the European Commission to grant flexibility within EU budget rules to mitigate escalating energy costs.
18 May 2026
Kenya's Power Capacity Blocks Microsoft Data Center
Kenya's power grid capacity constraints have stalled Microsoft's major data center project due to high energy demands.
17 May 2026
US Gasoline Prices Jump 33 Cents in an Unprecedented Week
US gasoline prices have soared, with the national average hitting $4.39 a gallon amid global supply shocks and falling domestic inventories.
02 May 2026
Oil Surges on Prolonged Iran Blockade Fears
Oil prices hit $120/barrel amid US blockade on Iran, signaling Strait of Hormuz disruption & global economic impact.
30 Apr 2026
Russia Deepens Cuba Alliance with Energy, Oil Pacts
Russia is reinforcing support for Cuba with pledges of long-term energy assistance, seeking to alleviate shortages Moscow attributes to the US embargo.
10 Apr 2026
IEA discussing further oil stock releases, chief Birol says
IEA chief Fatih Birol said the agency is consulting Asia and Europe on further emergency oil releases if needed.
23 Mar 2026
UK Convenes Emergency Economic Meeting Amidst Geopolitical Tensions
UK emergency meeting targets energy and supply risks as gilt yields rise and inflation is projected to reach 5% later this year.
23 Mar 2026
Oil Prices Sustain Above $100 Amid Supply Concerns
Oil prices held above $100 a barrel due to ongoing supply concerns and reduced transit through the Strait of Hormuz.
13 Mar 2026
Middle East Tensions Disrupt Global Energy, Aviation
Middle East tensions escalate with an attack on Iraqi oil tankers and Israeli warnings in Lebanon, disrupting global energy and aviation sectors.
12 Mar 2026
IEA Releases 400M Barrels Amid Hormuz Closure
The IEA authorized its largest-ever oil release of 400 million barrels to counter market shocks from the Strait of Hormuz closure.
11 Mar 2026
Middle East Conflict Fuels Global Food and Energy Crisis
The Middle East conflict, driven by US-Israeli strikes on Iran, is escalating global energy and food insecurity, with oil prices soaring and a fertilizer crisis looming.
11 Mar 2026
