Africa
Middle East crude premiums surge, Asian refiners seeking alternatives
The attacks in the Red Sea by Yemen's Iran-aligned Houthis came after renewed U.S. and Iran strikes in the Middle East and shipping blockades on traffic through the Strait of Hormuz again choked oil shipments through that crucial waterway, slowing crude oil and fuel exports to Asia.
Opinion: Forget crude—war pushes refiners to the brink
While crude supplies have partially recovered, the system that converts crude into fuels is still struggling after months of disruption from conflicts in Russia and the Middle East.
EIA: Global LNG trade volumes reached record high in 2025
Global LNG trade has slowed this year following the closure of the key export route for Qatar, the world’s second-largest LNG exporter.
Nigeria becomes first OPEC member to join IEA as associate member
The move adds to the IEA's network a country of more than 240 MM people that is a major oil and gas exporter but still faces severe domestic energy challenges, including limited electricity access and reliance on polluting cooking fuels.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
- Anton Paar launches Autosorb 3300: An advanced flow chemisorption analysis for catalyst characterization 7/31
- China's MIIT recognizes DODGEN melt crystallization technology for 72% energy reduction in ethylene carbonate purification 7/31
- Lydian secure $43 MM Series A funding to deliver cost-competitive SAF at commercial scale 7/31
- PureField launches 150,000-tpy CCS facility in Kansas (U.S.) 7/31
- ADM to expand North America crush capacity amid strong biofuels demand 7/31
- U.S. refiner Valero says tax credit overhaul, registration hurdles have slowed biofuel imports 7/31
