Market insights, energy transition forecasts, and Boma Fuels company news.
US Treasury expands sanctions targeting Iran’s oil trade as speculation grows around a potential US–Iran ceasefire.
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An undisclosed incident at Kazakhstan’s Tengiz has reportedly disrupted production, with media suggesting output may have dropped sharply.
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Russia’s LNG carrier Christophe de Margerie has started a China voyage via the Northern Sea Route, highlighting growing Arctic shipping relevance.
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After US President Donald Trump approved a new EU–US trade agreement in 2025, the European Parliament is expected to endorse tariff elimination for several US goods categories.
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Invictus Energy, via Geo Associates, signed a landmark petroleum agreement with Zimbabwe; Musuma-1 drilling planned for H2 2026.
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East Africa is positioning to host a proposed mega refinery targeting capacity of 2.1 million b/d by 2030.
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Japan’s Ministry of Economy, Trade and Industry says oil prices fell about 6.6% amid developments tied to the Iran conflict.
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Pakistan plans to expand crude oil storage capacity via partnerships, including priority access to strategic reserves during emergencies.
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The UK temporarily eased restrictions on some diesel and jet fuel imports refined in third countries, citing energy security concerns.
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The US extended a sanctions waiver on certain Russian oil products for an additional 30 days to help vulnerable countries amid supply disruptions.
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Rosatom has signed an agreement with Kazakhstan to develop the country’s first nuclear power plant, with construction expected to start in 2027.
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Cuba’s fuel situation is described as critical due to depleted reserves and impacts of US sanctions.
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The UAE plans to accelerate construction and expansion of its Strait of Hormuz bypass pipeline to double export capacity.
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Mexico’s president replaced the CEO of the Oaxaca refinery’s Centro de Negocios operation with the CFO, citing concerns over performance and incidents.
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Kazakhstan’s currency was among the best performers between April and May 2026, supported in part by the oil sector’s contribution to GDP.
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Shell agreed to acquire Canadian producer ARC Resources for about US$16.4 billion, expected to add 370,000–410,000 b/d of production.
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