Oil

Colombia's National Environmental Licensing Authority (Anla) has approved Frontera Energy Colombia's VIM-46 oil exploration project in Magangué. The initiative involves drilling up to 55 wells from a maximum of 11 platforms and installing production infrastructure. The approval comes with strict environmental compliance conditions.

24 марта 2026 Сообщено ИИ

Philippine fuel supply may last until the second week of May with one million barrels expected soon, according to the Department of Energy. Energy Secretary Sharon Garin said the average supply stood at 45 days as of March 20, down from 55-57 days when the Middle East war began nearly a month ago.

The International Energy Agency (IEA) recommended 10 measures, including telework and license plate rotation, to mitigate the impact of high oil prices from the Middle East conflict. These aim to reduce demand in road transport, aviation, and industry. Executive director Fatih Birol warned of the largest supply disruption in oil market history.

20 марта 2026 Сообщено ИИ

China's imports of Russian crude spiked in January and February 2026, comprising over one-fifth of its total imported crude by volume. Analysts attribute this to stockpiling amid rising geopolitical risks before the Middle East conflict. However, the Iran war could moderate future Russian shipments to China.

Frank Pearl, president of the ACP, stressed that Colombia must strengthen its energy security without relying on other countries. This comes amid Venezuela's first gas shipment and a drop in national oil and gas production in 2025.

18 марта 2026 Сообщено ИИ

Global energy markets were jolted by Iran's attack on a major Qatar LNG facility, causing sharp rises in oil and European gas prices. Brent crude climbed 3.8% to settle at $107.38 per barrel, while Europe's benchmark gas prices jumped around 6%.