Top Tweets for #GlobalEnergyUpdate
#GlobalEnergyUpdate | Saudi Arabia Grabs 18% of West Africa’s Gasoline Market in June
Saudi gasoline deliveries to West Africa surged from zero in May to 57,000 barrels per day in June — securing the kingdom the position of the region’s second-largest supplier after Belgium with an 18% market share.
Stronger Atlantic Basin premiums redirected Saudi cargoes westward, highlighting shifting trade flows in response to arbitrage opportunities.
#GlobalEnergyUpdate | Strait of Hormuz Traffic Drops Sharply – Down 60% to Just 6 Crossings
According to @Kpler data (23 July), maritime activity in the Strait of Hormuz fell dramatically, with only 6 confirmed crossings — a 60% drop from the previous day. Most vessels used the Iranian Unilateral Scheme, reflecting heightened caution amid ongoing tensions.
Bab el Mandeb saw a partial recovery with 49 crossings (including shadow fleet and dark transits), but overall flows remain uneven as operators assess risks and many ships stay on hold.
#GlobalEnergyUpdate | QatarEnergy Extends LNG Force Majeure to Mid-October – Supply Shock Drags On
@qatarenergy is preparing to formally extend its force majeure declaration on LNG shipments through mid-October 2026, signalling that disruptions tied to the Strait of Hormuz crisis and regional conflict are far from over.
As one of the world’s largest LNG exporters, the prolonged suspension is keeping global supply tight, pushing spot prices higher, and forcing buyers in Europe and Asia to scramble for replacement cargoes.
#GlobalEnergyUpdate | Major Energy Move: Iraq & Syria Revive Strategic Crude Pipeline with US-Led Consortium
Iraq and Syria have signed a landmark agreement to rehabilitate and reconstruct the Iraq-Syria crude oil pipeline — a critical energy corridor linking Iraqi production to Mediterranean export markets.
The project, backed by a U.S.-led international consortium including @Chevron , Transocean, and Qatar’s Urbacon, targets an initial capacity of 2 million barrels per day.
This ambitious revival aims to diversify export routes, boost regional energy security, and unlock significant new investment and trade flows.
#GlobalEnergyUpdate | Strait of Hormuz Crossings Plunge to 3-Week Low — Risks Mount as Gulf States Build Alternatives
On 16 July, confirmed transits through the Strait of Hormuz fell to just 8 — the lowest level in three weeks. Seven of the eight vessels used the higher-risk Iranian route, with activity split evenly between low-risk and sanctioned ships and no shadow fleet movements recorded. A newly verified incident involving the tanker Belma (disabled by U.S. forces en route to Kharg Island) and ongoing enforcement measures have heightened uncertainty.
While mediation efforts continue, commercial operators are clearly prioritizing security, crew safety, and insurance over diplomatic signals.
@Kpler notes that Saudi Arabia, the UAE, and Oman are accelerating pipelines, ports, and logistics to reduce reliance on the Strait — though refined product exports remain heavily exposed. Strategic geography is being reshaped not just by conflict, but by infrastructure investment.
#GlobalEnergyUpdate | @eni CEO: Industry Shifting Investments to Africa & Latin America Amid Hormuz Crisis
Claudio Descalzi, CEO of Eni, says the prolonged disruption in the Strait of Hormuz is prompting the oil and gas industry to accelerate diversification — with Africa and Latin America emerging as prime destinations for new large-scale investments.
Even after peace returns to the Middle East, the region will carry higher long-term risk, pushing companies and importing nations to seek more stable and promising opportunities in Africa, South America, and Southeast Asia.
#GlobalEnergyUpdate | Ruwais LNG: ADNOC’s Game-Changing Low-Carbon Export Facility
@ADNOCGroup is building the first LNG export plant in the Middle East and Africa powered entirely by clean energy. Located in Al Ruwais Industrial City, Abu Dhabi, the project features two liquefaction trains with a combined capacity of 9.6 million tonnes per annum (mmtpa).
Powered by clean electricity and leveraging AI, digitalisation, and cutting-edge technology for maximum efficiency and safety, Ruwais LNG will more than double ADNOC’s LNG production to meet surging global demand.
One year’s output will be enough to power every home in the City of London for over two years.
#GlobalEnergyUpdate | Open Strait, Closed Confidence: Hormuz Traffic Retreats Under Fire
Despite declarations that the Strait of Hormuz remains open, commercial traffic has fallen sharply below historical averages (JMIC recorded only 9–14 transits per day recently vs ~138 historically). Renewed attacks, mine warnings, and defensive routing have eroded shipping confidence, even as some Iranian exports and previously trapped cargoes continue.
The US military campaign has intensified with strikes on Iranian targets, while Washington signals that beneficiaries should share the security burden. Recent incidents, including the strike on the GFS Galaxy and attacks on UAE-flagged tankers, underscore the risks to commercial shipping.
For Africa, the pressures are already felt through higher insurance, freight costs, and competition for alternative supplies, highlighting the need for strategic stocks and diversified sourcing ahead of any prolonged disruption.
https://t.co/H1umuMf9bM
#GlobalEnergyUpdate | Russian Refineries Under Sustained Attack as Diesel Crisis Deepens
Ukrainian drone strikes have hit more than 13 major Russian refinery and petrochemical facilities in July alone, including Syzran (Rosneft), Afipsky, Salavat (Gazprom Neftekhim), Omsk, and others. Primary processing units have been damaged, pushing Russian refining throughput to a 21-year low and triggering domestic fuel shortages, rationing, and export bans.
For the world’s third-largest crude and refined fuel exporter, this marks a new phase in the Russia-Ukraine war with direct petrochemical consequences.
West Africa, which has relied on Russian diesel and gasoil in recent years, could face higher import costs and supply competition. At the same time, the global tightness may ease pressure on crude barrels and create opportunities for African refiners like Dangote to expand regional supply.
https://t.co/RKrMGxj4BX
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