The escalation of conflict in the Middle East is a stress test for the region’s carbon capture, utilization and storage (CCUS) projects and how bankable they remain when hydrocarbon operations are disrupted. Because most CCUS projects are linked to oil and gas value chains, the regional pipeline is being repriced as higher risk. Our base case of 20 million tonnes per annum (Mtpa) of capture capacity by 2030 now looks unlikely; we expect delays as priorities shift and capital is reallocated, leaving the region tracking closer to our low case…

The U.S. Energy Information Administration sharply revised its oil price outlook in its latest Short-Term Energy Outlook (STEO) based on the growing impact of the Middle East conflict and the near standstill in tanker traffic through the Strait of Hormuz. Brent crude settled at $94 per barrel on March 9, according to the EIA— a roughly 50% surge since the start of the year and the highest level since September 2023. Prices have climbed rapidly as shipments through the Strait of Hormuz slowed dramatically and some Middle East producers began…

Marine fuel supply at the major Middle East bunkering hub of Fujairah has been disrupted after debris from an intercepted drone sparked a fire at an oil storage facility, forcing terminals to halt bunker barge loadings and tightening fuel availability in regional shipping markets. The incident occurred on March 9 when debris from a drone intercepted by UAE air defence systems fell inside the Fujairah Oil Industry Zone, triggering a fire that damaged storage infrastructure. Authorities later said the blaze had been contained, but bunker terminals…

10 de marzo de 2026.- El director general del Mecanismo Europeo de Estabilidad, Pierre Gramegna, ha alertado de que el actual conflicto en Oriente Medio, desencadenado por el ataque de EE.UU. e Israel a Irán, ya está afectando a la economía europea, durante una rueda de prensa celebrada este lunes e...

Asian benchmark Newcastle coal prices jumped more than 9% to $150/ton (as per BBG data) at the start of the week, as energy flows across the Gulf area remain disrupted and transit through the Strait of Hormuz has significantly slowed. The rise in coal prices is being driven by a broader energy shock, with surging gas prices making coal a more economical substitute fuel for power generators. Last week's IRGC kamikaze drone attack, which shuttered Qatar's massive LNG export facility - responsible for roughly 20% of global supply - has been the driving…