Pakistan pays record premium for oil imports following Hormuz crisis
Pakistan records historic premiums on oil imports due to tensions in Hormuz and the global energy market.
I am a civil engineer and I work in the writing area. I have a deep passion for civil works. I constantly seek to update myself on new engineering technologies to integrate them into my work, since my main interest is exploring how innovations in the industrial sector can improve and transform the world.
Pakistan records historic premiums on oil imports due to tensions in Hormuz and the global energy market.
Iran blocks the Strait of Hormuz following armed incidents against commercial vessels on a key route for global energy supply.
Threat of Bab el-Mandeb closure raises the risk of disruptions in global oil supply.
Fire in the CDU unit at the HPCL Rajasthan refinery was brought under control with no structural damage or casualties.
Asia accelerates US crude purchases in the face of falling Middle East supply and logistical pressure in Hormuz.
China reaches 125 million kW in nuclear energy and leads global sector expansion with new reactors and advanced technology.
The IEA forecasts up to two years to restore oil and gas production following conflict damage.
Macquarie agrees to sell Evryo Group to Premier Energy, strengthening the power grid and the energy transition in Romania.
Evolve Energy secures more than 1 TWh of offshore wind power through a PPA agreement with Shell through 2035.
DeepOcean and Woodside Complete Subsea Inspection and Simultaneous 3D Scanning on 69 Structures in the Sangomar Field.
Europe is considering importing Canadian LNG through the Panama Canal to strengthen its energy security amid global risks.
Repsol regains operational control in Petroquiriquire to increase its oil production in Venezuela and strengthen payment mechanisms.