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Guyana Emerges as an Oil Winner in the Iran War

In just seven years, Guyana has become one of the fastest-growing oil exporters and global economies and an oil-producing powerhouse with nearly 1 million barrels per day of production capacity. And the war in Iran is only turning up the heat even more. Since ExxonMobil launched production from the offshore Stabroek block in 2019, Guyana’s economy has quadrupled. Oil revenues and royalties have boosted income for the state coffers and gross domestic product (GDP) linked with oil-related activities. Now Guyana, which was one of the poorest…

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Turkey Looks to Create Azerbaijan-Europe Electricity Corridor

Turkey and Azerbaijan are looking to create an electricity corridor to boost energy connectivity between Azerbaijan and southeast Europe, Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, said on Monday. "We are going to create the electricity version of TANAP," the Turkish official said at the Baku Energy Week in Azerbaijan, referring to the Trans-Anatolian Natural Gas Pipeline (TANAP), the first pipeline leg of the Southern Gas Corridor that ships gas from Azerbaijan to Europe through Turkey. Turkey also plans to upgrade…

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Britain’s Nuclear Renaissance Faces Mounting Cost Pressures

The United Kingdom is focused on diversifying its energy mix away from fossil fuels to boost energy security and support decarbonisation aims. This includes expanding its nuclear power capacity with the development of two large-scale nuclear plants - Sizewell C and Hinkley Point C, as well as developing small modular reactors (SMR). However, its nuclear ambitions have not quite gone to plan, following years of delays and rising construction costs. Sizewell C in Suffolk, eastern England, received its planning approval in 2022, was greenlit in 2025,…

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Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase

Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to the western Canadian coast, Bloomberg has reported, seeking takers for 72,000 barrels daily in additional capacity. The company operating the pipeline will boost its capacity by another 90,000 barrels daily soon by using drag reduction agents, its chief executive Mark Maki said, as quoted by the publication. The first open season for the pipeline is taking place right now. It launched in early April, and Maki said it would boost the portion…

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Malaysia Boosts Domestic Gas Use as Power Demand Hits Record Highs

A major heatwave and soaring data center electricity consumption are driving Malaysia’s power demand to record highs, pushing the world’s fifth-largest LNG exporter to increase domestic gas use for power generation. Malaysia’s state energy firm Petronas has increased LNG supply from domestic offshore fields to peninsular Malaysia, where 80% of national power demand is concentrated, according to data and analysis by Reuters. Power demand in peninsular Malaysia jumped by 11.5% in April from a year earlier, per data from Grid System…

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Middle East Crisis Accelerates U.S.-Thailand LNG Supply Talks

The sudden halt of liquefied natural gas (LNG) flows from the Middle East has prompted Asian buyers to seek long-term solutions to secure supply from sources not needing the blocked Strait of Hormuz. As Qatar’s LNG shipments are under force majeure until at least mid-August and full LNG export capacity may not be restored for another five years, LNG customers are looking to sign long-term supply deals with exporters outside of conflict areas. Thailand, the top LNG importer in Southeast Asia, is now looking to boost its U.S. gas supply to…

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Can Armenia Break Free From Russia’s Orbit?

With Election Day fast approaching, Armenian Prime Minister Nikol Pashinyan’s government is hoping that shows of support from the United States and European Union will give it a boost at the polls. US Secretary of State Marco Rubio paid a brief visit to Yerevan on May 26, during which he signed a Charter on Comprehensive and Strategic Partnership together with his Armenian counterpart, Ararat Mirzoyan. The two also inked a framework agreement concerning the Trump Route for International Peace and Prosperity, envisioned as a key cog in the…

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Germany’s Power Prices Soar 30% on Strong Demand, Low Wind Speeds

Germany’s day-ahead electricity prices soared by 29% on Wednesday as a heatwave across Europe boosted cooling demand while low wind speeds reduced wind power generation. The lower wind speeds and the resulting lower power output from wind turbines are raising the need to fire up natural gas and coal-fired power production, which is more expensive than wind power generation. An early heatwave is sweeping through northwest Europe with unusually high temperatures these days, lifting demand for air conditioning. Forecasts for Thursday’s…

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Gulf Shipping Crisis Fuels New Eurasian Corridors

Donald Trump and Bibi Netanyahu deserve thanks for boosting Eurasia connectivity after their attacks on Iran resulted in the collapse of ship traffic through the Strait of Hormuz. Unfortunately, the attacks may reduce real labor incomes by as much as US$3 trillion globally by 2027, according to the International Labour Organization. The direct cost to the U.S. taxpayer for military operations is US$29 billion (so far) according to the Pentagon, and about US$35 billion in extra gas and diesel costs since the start of the war, according to…

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Trump’s Iran Signals Send Oil Markets Into Chaos

Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100. Probable Super Niño Adds Insult to Injury for LNG Buyers - The arrival of a powerful El Niño this year, potentially even a 'Super Niño’ with sea surface temperature anomalies exceeding +2°C, could roil commodity markets simultaneously to ongoing shocks from the US-Iran war. - Hotter weather will boost cooling demand and lift overall consumption of…

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Sinopec Boosts China's Shale Oil Output

Sinopec’s Jiyang shale oil base in Shandong province has ramped up output in recent months, raising Chinese shale production and domestic resources and output as the world’s biggest crude importer looks to boost its energy security. Cumulative oil production at Jiyang has topped 2 million tons, Chinese media reported on Monday. The Jiyang base, which covers about 7,300 square kilometers, or 2,820 square miles, in the Shandong province in east China, increased shale oil output by 15% in the first four months of 2026 compared to the same…

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Guyana Emerges as an Oil Winner in the Iran War

Turkey Looks to Create Azerbaijan-Europe Electricity Corridor

Britain’s Nuclear Renaissance Faces Mounting Cost Pressures

Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase

Malaysia Boosts Domestic Gas Use as Power Demand Hits Record Highs

Middle East Crisis Accelerates U.S.-Thailand LNG Supply Talks

Can Armenia Break Free From Russia’s Orbit?

Germany’s Power Prices Soar 30% on Strong Demand, Low Wind Speeds

Gulf Shipping Crisis Fuels New Eurasian Corridors

Trump’s Iran Signals Send Oil Markets Into Chaos

Sinopec Boosts China's Shale Oil Output