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energy crisis
News updates related to the energy crisis.
OPEC oil production hit its lowest level in more than two decades due to tensions in the Strait of Hormuz.
OPEC's oil production in April 2026 plummeted to 20.04 million barrels per day, the lowest level since 2000, due to the impact of geopolitical conflicts in the Middle East.
Market
Russian President's envoy: Energy crisis forces EU to "change its attitude"
The Russian president's special envoy believes the energy crisis is forcing the EU to change its attitude and prepare for potential negotiations with Moscow.
Energy crisis: Europe doesn't know how much it has in reserves?
Amidst airline suspensions and calls from officials for people to cut back on travel, Europe is striving to prevent energy shortages caused by the Iran conflict...
Russia ships 100,000 tons of oil to Cuba, breaking the US blockade.
The arrival of the Anatoly Kolodkin oil tanker at a Cuban port marks a strategic move by Moscow to challenge economic pressure from the US and resolve the energy crisis in Cuba...
The EU risks a gas shortage as fuel prices surge by 40%.
The European Union (EU) faces the risk of failing to meet its target of filling 90% of its gas reserves before winter due to tight global LNG supplies and geopolitical conflicts.
Hormuz in the geopolitical chessboard: Who wins – who loses?
At its narrowest point, the Strait of Hormuz is only 33 kilometers wide, but it holds the "heartbeat" of the global economy. In recent days, the world has held its breath, watching every development at this gateway...
IEA: Record oil supply disruptions in April 2026 threaten the European economy.
The International Energy Agency warns that a shortage of 12 million barrels of oil and LNG due to the Middle East conflict would cause a greater shock than the crises of 1973 and 1979.
World oil prices surged 50%, exceeding $110 per barrel, due to the conflict in Iran.
March 23, 2026 17:35
Conflicts in the Middle East disrupt 20% of global energy supplies, driving up crude oil and gas prices and directly threatening world food security.
World oil prices surpass $110, energy supply disrupted by conflict in Iran.
March 23, 2026 15:30
Conflicts in the Middle East have disrupted 20% of global oil and LNG supplies, driven energy prices up by 50%, and directly threatened global food security.
Strait of Hormuz hotspot: IEA warns no country is immune to crisis.
March 23, 2026 10:00
The Director-General of the International Energy Agency (IEA), Fatih Birol, has just issued an urgent warning about the "major threat" to the global economy posed by the energy crisis...
Blockade of the Strait of Hormuz: Electric vehicle vision helps China resolve its energy crisis.
March 20, 2026 11:31
The conflict in Iran led to a blockade of the Strait of Hormuz, causing world oil prices to surge by 30%. Against this backdrop, China's long-term new energy vehicle strategy has helped it maintain...
Middle East tensions on March 20th: Energy infrastructure repeatedly attacked, global markets shaken.
March 20, 2026 08:11
The conflict in the Middle East, with its dangerously escalating developments as strategic oil and gas facilities in the region are repeatedly targeted, is not only pushing China into a volatile situation...
The EU is planning an emergency measure to curb soaring energy prices caused by the Iran conflict.
March 18, 2026 05:30
The EU has announced a roadmap to regulate the carbon market and increase industrial subsidies in response to the €6 billion increase in fuel import costs following the Iran conflict.
US-Iran Situation: Has the "elimination of the mastermind" turned into a bitter strategic blow?
March 14, 2026 10:57
The US and Israeli airstrikes that killed top Iranian leaders were once hoped by Washington to be a decisive blow to reshape the regional order. However...
IEA: Middle East conflict creates 'the biggest oil shock in history'
March 13, 2026 09:43
Brent crude oil prices surpassed $100 per barrel amid escalating military clashes between Israel, the US, and Iran. According to the International Energy Agency (IEA), there is a risk of disruption to shipping routes...
World oil prices hit $119 per barrel due to supply disruptions caused by the conflict in Iran.
March 11, 2026 08:00
Conflict in the Middle East has driven oil prices up by nearly 30% as major producers such as Saudi Arabia, Iraq, and Kuwait have simultaneously cut production and declared force majeure.
World oil prices surpassed $119 as the Iran conflict disrupted supply in the Middle East.
March 11, 2026 06:31
Geopolitical tensions in the Persian Gulf have caused Brent and WTI oil prices to surge by more than 12%. Gulf nations are simultaneously cutting production while the G7 discusses options for relief...
Oil prices surged amid tensions in Iran, prompting many Asian nations to urgently implement economic protection measures.
March 9, 2026 15:25
World oil prices have surged due to tensions related to Iran and the risk of supply disruptions from the Middle East, forcing many Asian governments to urgently implement stabilization measures...
World oil prices surged due to the energy crisis stemming from the Strait of Hormuz.
March 3, 2026 09:53
World oil prices surged nearly 7% following threats of a blockade of the Strait of Hormuz, pushing domestic gasoline prices and global inflation risks to new alarming levels.
More than 250 oil and LNG tankers are stranded off the Strait of Hormuz following airstrikes.
March 2, 2026 05:30
Approximately 150 ships are anchored outside the Strait of Hormuz, and hundreds of other vessels have been grounded following the attacks on Iran, threatening 20% of the global oil supply.
Is the energy crisis pushing Zelensky into a deadlock?
November 14, 2025 16:10
Ukrainian President Volodymyr Zelensky is facing intense criticism over a corruption scandal in the energy sector, while the country's citizens are grappling with winter...
Ukraine loses 60% of its gas production, facing a winter energy crisis.
October 10, 2025 16:35
According to Bloomberg, Kyiv has informed its Western partners that Russian attacks have destroyed more than half of its gas production capacity, forcing the government to...
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