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Kazakhstan's government announced a plan to more than double its crude oil refining capacity from 18 million tons to 29 million tons per year by 2040, with an additional 10 million tons from a new refinery.

Berkshire Hathaway Vice Chairman Greg Abel stated that current Japanese bond yields are not a challenge for Japanese trading houses, describing them as relatively low during a CNBC interview.

Qatar and UAE have conducted rare LNG cargo transfers outside the Strait of Hormuz due to ongoing disruptions, a highly unusual practice for LNG shipments.

Middle distillate cracks have reached record highs due to a combination of renewed Middle East conflict affecting the Strait of Hormuz and Russia's ban on diesel exports following Ukrainian drone attacks on refineries.

Nepal's Himalayan floods have raised concerns for its adventure tourism industry ahead of peak travel season, posing potential risks to revenue and infrastructure.

Pakistan rejected a high-cost LNG cargo offer from BP at $27 per MMBtu, citing excessive pricing compared to current market rates of $23.18 per MMBtu, and issued a fresh tender.

The Strait of Hormuz saw reduced tanker traffic, with only four crossings reported on Tuesday compared to a ten-day average of 13, as U.S.-Iran tensions escalate.

U.S.

Oil prices rose in early Asian trade as WTI reached $91.05 per barrel (+0.92%) and Brent reached $95.68 per barrel (+1.19%) following renewed hostilities between the U.S.

Saudi Arabia aims to displace over 1 million barrels per day of domestic liquid fuel consumption by 2030 using natural gas and renewables, with nuclear power planned for further reduction post-2030.

The Port of Corpus Christi was selected as one of two sites for a project integrating small modular reactors (SMRs) to expand nuclear power usage in industrial sectors.

Solar energy is going gangbusters. The world is adding photovoltaic solar panels at a blistering rate, shattering its own records …