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Illustration of long vehicle queues at closed Philippine gas stations during nationwide fuel crisis.
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Fuel crisis closes 425 gas stations nationwide

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A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.

The average wholesale electricity price will be 0.18 euros per MWh this Sunday, the lowest level of the year and one of the lowest in history, according to the Operador del Mercado Ibérico de Energía (OMIE). This marks a 94% drop from Saturday's 3.03 euros average. Ten hourly periods will see negative prices.

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Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, which recently arrived to launch a programme drilling five new natural gas wells in the Mediterranean Sea for BP and Arcius Energy. Badawi stated that intensifying drilling is a top priority to unlock exploration opportunities and boost output from existing fields. The initiative reflects international companies' confidence in Egypt's investment climate.

The World Bank Group has announced a coordinated plan to provide financial aid to vulnerable countries like Kenya amid the Middle East conflict's effects. President William Ruto warned oil marketers against hoarding fuel for profit. This comes as fuel prices surge and some Kenyan petrol stations report shortages.

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Meta telah sepakat untuk mendanai tujuh pembangkit listrik tenaga gas baru serta infrastruktur energi yang luas guna mendukung pusat data terbesarnya yang sedang dibangun di Richland Parish, Louisiana. Kesepakatan dengan Entergy Louisiana tersebut mencakup pembangunan jalur transmisi sepanjang 240 mil dan penyimpanan baterai, sebagaimana dilaporkan oleh Wall Street Journal. Langkah ini menyusul janji tidak mengikat dari sejumlah perusahaan teknologi untuk menanggung biaya listrik bagi pusat data AI.

Chile's Superintendencia de Electricidad y Combustibles (SEC) has instructed electricity distributors to delay billing adjustments for the 2020-2024 period until July 2026, instead of April. The decision follows requests from lawmakers and industry groups amid economic pressures. Energy Minister Ximena Rincón called it positive news for Chilean families.

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Japan's government plans to temporarily lift restrictions on coal-fired power plants to address an energy crunch from the Middle East war. Officials presented the plan to a panel of experts, who approved it, the industry ministry said. The measure allows full operation of older, less efficient coal plants for a year starting in the new fiscal year from April.

 

 

 

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