The worst energy crisis in history is sending ripples across global markets, and optimism is in short supply. IEA’s chief said the current crisis is worse than all previous ones put together. JP Morgan analysts warned Asia is going to be hit the hardest, although other analysts see Europe as suffering the most from the fallout. And yet it seems the seriousness of the situation has yet to sink in. The European Central Bank’s president, Christine Lagarde, said in a recent interview with The Economist that the risks stemming from the U.S.…

For the third time in four years, Europe is waking up to discover that it has sleepwalked into yet another energy crisis." When Russia illegally invaded Ukraine in February of 2022, Europe was caught in an extremely compromised position, as it was dependent on Russian producers for 40 percent of its natural gas. When energy sanctions were slapped on the Kremlin, the impact on European energy markets was dire, with many families plunging into energy poverty. In the years since that crisis, European leaders have made efforts to diversify their energy…

Bangladesh has formally requested a temporary sanctions waiver from the United States to import roughly 600,000 metric tonnes of Russian diesel to cover two months of demand as its energy crisis intensifies, Reuters reported on Monday, with officials pointing to Washington’s recent 30-day waiver granted to India as precedent.  The move comes as the International Monetary Fund (IMF) warns the Iran war is driving a global energy shock, with disrupted oil flows pushing up fuel costs, tightening financial conditions, and placing acute pressure…

30 de marzo de 2026.- El Servicio Nacional Integrado de Administración Aduanera y Tributaria (Seniat) informó que todas sus oficinas en el país operarán con horario regular durante los primeros días de Semana Santa, con el propósito de apoyar a los contribuyentes en la declaración y pago del Impuest...

A little-recognized consequence of soaring cocaine related lawlessness and bloodshed in the tiny South American country of Ecuador is a massive surge in hydrocarbon theft. This serious problem, long associated with Colombia, which is the world's largest cocaine producer, arose because of the tremendous profits that can be earned from stealing gasoline and diesel. Rising fuel prices along with heightened lawlessness are driving ever-higher levels of hydrocarbon theft, which even government crackdowns appear incapable of stopping. Not long after…

30 de marzo de 2026.- La Embajada de Estados Unidos en Venezuela anunció este lunes la reanudación formal de sus actividades en el país, lo que marca «un nuevo capítulo» en la «presencia diplomática» en Caracas. A través de las redes sociales, la embajada norteamericana indicó que «este paso refu...

A Labour cabinet minister has pushed back against rallying calls for the government to hand petrol retailers some reprieve, stating there is “no need” to axe the planned hike in fuel duty. Education secretary Bridget Bridget Phillipson said on Sunday the government would “take a view closer to the time” on whether to press ahead with the controversial increase. The current main rate of fuel duty stands at 52.95p per litre, but includes a temporary 5p reduction introduced in 2022, which is scheduled to be reversed in stages…

Data center capital expenditure reached $770 billion in 2025, surpassing investments for upstream oil and gas activities in the same year. Solar PV investments, broadly acknowledged as the most substantial growth story in energy supply over the past 10 years, had already been eclipsed by data centers in 2024. This year, Rystad Energy expects investments in data centers to match investments in both the renewable generation industry, as well as the full oil and gas sector – which comprises the upstream, midstream, and downstream sectors. While…

30 de marzo de 2026.- En al menos 12 aeropuertos españoles inició este lunes una huelga indefinida convocada por los sindicatos de varias empresas de personal de asistencia de tierra para reclamar a las autoridades el cumplimiento de compromisos salariales. Las protestas se llevarán a cabo con pa...

Federal Reserve Chair Jerome Powell on Monday said that U.S. monetary policy is in a good place, and the Fed will wait and see how the ongoing Middle East conflict will impact the economy and inflation before taking further action on interest rates. Powell reiterated that it is "too soon to know" the long-term scope and duration of the war's economic effects, noting that geopolitical risks make the outlook uncertain. According to the Fed chair, energy shocks tend to be temporary, and raising interest rates immediately to combat inflation caused…

The ghosts of Baghdad and Kabul should be enough to silence any serious talk of sending American troops into Iran. Yet here we are again, with voices in Washington and Tel Aviv whispering that only boots on the ground can neutralize Tehran’s nuclear ambitions, its local allies and its regional mischief. They are wrong. An American invasion of Iran would be a strategic catastrophe, a moral failure and a self-inflicted wound from which the United States might never fully recover. First, the military and logistical reality is brutal.…

Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle East. Dangote, the biggest refinery in Africa which began operations in 2024, has already started exporting fuel to regions other than West Africa. The refinery started up in January 2024 with the launch of diesel and naphtha production and began producing gasoline in September 2024. In the early days of the war in the Middle East, the refinery said it would keep its “unwavering…

30 de marzo de 2026.- El pasado 29 de marzo en las capitales europeas se celebraba el Día de la gloriosa Tierra Palestina..! Nosotros, modestamente, lo hicimos hoy en el Correo del Orinoco, sumándonos al clamor mundial por esa tierra sembrada de mártires que merece recuperar su territorio, que mere...

30 de marzo de 2026.- La Asociación CANAÁN en su Canal YouTube: PALESTINA 11MIL AÑOS DE HISTORIA, aborda el tema de Persia (Irán), su valiente gesta milagrosa de combatir con hechos y no solo discursos el salvajismo imperial, el nazismo, sionista colonial. Sin embargo es lamentable la instrum...

30 de marzo de 2026.- El Ministerio del Poder Popular para Industrias y Comercio Nacional, a través del Servicio Desconcentrado de Normalización, Calidad, Metrología y Reglamentos Técnicos (Sencamer), inició un despliegue nacional de fiscalización y control metrológico en el marco del Operativo Sema...

A fast thaw in relations between the Kremlin and Azerbaijan occurred in March, enabling a strategic link connecting Russia and Iran to keep functioning, despite the ongoing US-Israeli bombing campaign in Iran. Some Western observers believe the route, known as the western branch of the North-South corridor, is being used by Russia to funnel weapons to Iran to keep the war in the Persian Gulf going. Russian-Azerbaijani relations had been tense since Russian air-defense forces accidentally shot down an Azerbaijani civilian airliner in late 2024 and…

South Korea is weighing the possibility to extend driving curbs from civil servants’ use of vehicles to the general public if oil prices hit $120 per barrel, Finance Minister Koo Yun Cheol said. If enacted, such a measure would be the first in South Korea since 1991 during the Gulf war. Early on Monday, oil prices were rising by over 2% with Brent Crude topping $115 per barrel amid an escalating conflict which now involves the Iran-backed Houthis in Yemen. South Korea has already restricted access by vehicle to government buildings in a rotating…

South Korea is weighing the possibility to extend driving curbs from civil servants’ use of vehicles to the general public if oil prices hit $120 per barrel, Finance Minister Koo Yun Cheol said. If enacted, such a measure would be the first in South Korea since 1991 during the Gulf war. Early on Monday, oil prices were rising by over 2% with Brent Crude topping $115 per barrel amid an escalating conflict which now involves the Iran-backed Houthis in Yemen. South Korea has already restricted access by vehicle to government buildings in a rotating…

South Korea is weighing the possibility to extend driving curbs from civil servants’ use of vehicles to the general public if oil prices hit $120 per barrel, Finance Minister Koo Yun Cheol said. If enacted, such a measure would be the first in South Korea since 1991 during the Gulf war. Early on Monday, oil prices were rising by over 2% with Brent Crude topping $115 per barrel amid an escalating conflict which now involves the Iran-backed Houthis in Yemen. South Korea has already restricted access by vehicle to government buildings in a rotating…

“Iran’s been waiting for the U.S. to put boots on the ground because it knows that while it’s easy to get into a country militarily, it’s much more difficult to get out, and the longer the U.S. is on the ground, the more likely it is to be forced into making a better peace deal for Tehran,” a senior energy security source working closely with the European Union’s (E.U.) energy security complex exclusively told OilPrice.com over the weekend. “And two events this weekend [28-29 March] have dramatically increased…