COGNICURRENT

The EU anticipates inflation could exceed 3% this year if the Middle Eastern war causes Brent oil prices to remain around $100 per barrel and natural gas prices to stay elevated long-term.

Trump announces the release of U.S. oil reserves to help lower fuel prices amidst rising gasoline costs.

Germany's government is implementing reforms to control rising fuel prices by limiting price hikes at gas stations and releasing national oil reserves.

Transportadora de Gas del Sur is set to invest US$ 3 billion to process gas from Vaca Muerta, aiming to separate valuable by-products and enhance local supply security.

TGS is set to invest $3 billion to develop a gas liquid fractionation plant in Bahía Blanca and a pipeline from Neuquén, creating thousands of jobs and boosting exports.

Uniper, a major energy company in Germany, expresses concern over rising gas prices due to ongoing conflicts in the Middle East, particularly following the onset of the Iran conflict.

The ongoing conflict in the Middle East has led to significant concerns over potential liquefied petroleum gas (LPG) shortages in South Asian countries like India, Pakistan, and Bangladesh.

Gazprom reported that Ukrainian drones have attacked critical infrastructure linked to the TurkStream and Blue Stream pipelines supplying gas to Turkey and southeastern Europe.

A significant gas shortage is affecting many countries due to the blockage of ships in the Strait of Hormuz and Persian Gulf.

Liberty Energy Inc. has begun shipping large quantities of fracking sand to Australia, highlighting the growing global demand for hydraulic fracturing amidst the world's reliance on fossil fuels.

Russia has accused Ukraine of attacking energy facilities connected to gas pipelines supplying Turkey, alleging sabotage plans against these pipelines.

Despite a nationwide LPG gas shortage causing long lines and difficulties, a village in Bihar has successfully created a self-sustaining solution using biogas from cow dung.

The head of Ukraine's Naftogaz Group discusses recent Russian drone attacks on oil pumping stations in southern Ukraine, aimed at disrupting non-Russian oil supplies to Europe.

The Russian Defense Ministry alleges that Ukraine is attacking the TurkStream gas pipeline infrastructure to disrupt gas deliveries to Europe.

German authorities are seeking solutions to the persistently high oil and gas prices, implementing new regulations for gas stations and releasing part of their oil reserves.

The Indian government announced that it will receive a significant LNG shipment to alleviate the ongoing LPG shortage in the country.

Raízen, a major player in Brazil's energy sector, has filed for extrajudicial recovery to renegotiate debts while assuring that operations will continue as normal.

Greece's DESFA has confirmed that there are currently no supply issues for natural gas, despite international market volatility due to continued war in other regions.

As the U.S.-Israeli conflict in Iran escalates, gas prices have surged, prompting Republicans to adjust their messaging regarding President Biden's handling of energy costs.

The article discusses how Trump and his energy secretary underestimated Iran's potential response to U.S. military actions, focusing instead on the implications for fuel prices.

The article discusses the impact of geopolitical factors on energy prices in Europe, emphasizing how conflicts lead to volatility and price increases.

St. Papastavrou highlighted the transformative benefits of the new oil and gas contracts between Greece and the Chevron-HELLENiQ Energy consortium during a parliamentary meeting.

There is growing support within the Mexican government for implementing fracking techniques to exploit the country's vast shale gas potential, despite a current prohibition citing environmental and water usage concerns.

The President of the European Commission, Ursula von der Leyen, highlighted that the ongoing conflict in Iran has led to significant increases in gas and oil prices, costing European taxpayers billions.

Greek authorities assure that there are no supply issues for natural gas amid Middle East tensions, stating that Greece does not import gas from the Gulf region.

Gas prices in Europe have seen fluctuations, with a recent increase attributed to geopolitical factors.

The Strait of Hormuz is a crucial maritime route connecting the Persian Gulf to the Arabian Sea and is vital for global oil and gas supplies.

The article discusses the concept of force majeure in commercial contracts, particularly in the energy sector, in light of recent geopolitical tensions affecting Gulf energy companies.

International oil and gas markets are experiencing significant volatility, influenced heavily by geopolitical events such as the ongoing war in the Middle East.

India has activated its Plan-B in response to a potential LPG crisis amid the ongoing Middle East conflict by increasing domestic production and sourcing additional LPG-LNG cargoes from countries like Algeria, Australia, Canada, and Norway.

The ongoing conflict in Iran has led to a severe shortage of LPG gas in India, affecting both households and the hospitality sector.

Concerns over international energy security have risen following reports of Iran potentially mining the Strait of Hormuz, a critical shipping route for oil transport.

The market predicts that liquefied natural gas prices will experience less of a decrease than oil prices over the next several months due to geopolitical tensions.

The article discusses how modern wars swiftly affect energy prices, particularly oil and gas, signifying a return to economic anxiety in Spain as wholesale electricity prices approach February 2024 highs amidst geopolitical tensions.

LNG Canada has significantly increased its natural gas production and exports to Asia, responding to supply vulnerabilities due to the ongoing conflict in Iran.

A consortium is set to announce the construction contractor for a key pipeline from Vaca Muerta in April 2024 after purchasing necessary materials from an Indian company.

Gasoline prices are surging in several regions of Greece, surpassing the psychological barrier of 2 euros per liter in some areas.

The energy crisis in India is significantly impacting the hotel industry, with owners facing potential business closures due to severe shortages of domestic gas cylinders.

The ongoing war in Iran is causing significant disruptions in the global supply of crude oil and natural gas, raising concerns about potential LPG shortages in India.

Customers are increasingly anxious about gas prices following recent hikes and ongoing geopolitical tensions.

Tensions in the Middle East are causing rising concerns over domestic and commercial LPG gas availability in several Indian cities.

Prime Minister Narendra Modi has assured that India has sufficient supplies of LPG and instructed relevant ministries to prepare for any challenges despite the ongoing energy crisis due to conflicts in the Middle East.

The Indian government has prioritized LPG production units in its domestic gas allocation system amidst rising tensions in West Asia and disruptions in LNG supply through the Strait of Hormuz.

The article discusses the need for the German government to develop a strategy to manage potential price shocks in oil and gas, especially in light of recent price increases due to geopolitical tensions.

Putin is seeking to leverage high energy prices amidst the ongoing Iran conflict, positioning himself as a mediator while looking for new buyers for Russian gas.

Priyanka Chaturvedi criticizes the government's false statements regarding gas stock reserves during a parliamentary session, highlighting the real issues faced due to gas shortages.

The recent surge in oil and gas prices may peak soon, particularly with changing trade routes in the Persian Gulf.

An ongoing conflict in Iran has led to a significant global energy crisis, with oil and gas supplies from the Strait of Hormuz halted for 11 days.

The gas crisis has worsened in multiple countries, including India, due to disruptions in the global energy supply chain caused by escalating military conflicts in the Middle East.

Several Asian countries are implementing measures such as reducing work hours and closing universities in response to energy supply uncertainties exacerbated by the ongoing conflict in the Middle East.