Bahrain



Nuclear Power

The Russian-owned Zaporizhzhia Nuclear Plant says that external power connection has been restored

The Zaporizhzhia?power station in southeast Ukraine, which is occupied by Russia, announced?on Saturday?that?external?power?had been restored. For a while the station was forced to rely solely on diesel generation. The plant's Russian management released a statement on Telegram saying that the plant is operating normally after the return to external power. Radiation levels were normal. International Atomic Energy Agency (IAEA), the U.N.'s nuclear watchdog?also reported that?the external?line?was restored after a 4-1/2-hour break. The Ukraine Energy Ministry stated that Russian military activity is responsible for the disconnections. This is the 20th time since Russia began its full-scale invasion of Ukraine in February...






Energy Markets

Oil & Gas

Oil & Gas

After deadly earthquake, international aid is heading to Venezuela

Venezuela is receiving cash, emergency aid and rescuers after two powerful earthquakes that shook the area around Caracas left thousands of people missing. Details of foreign aid are listed below: UNITED NATIONS U.N. humanitarian?body reported that 25 international teams with 1,000 personnel total had been mobilized. Tom Fletcher, the chief of aid at the United Nations, said that a collective effort would be needed in order to support a government-led response. UNITED STATES The U.S. State Department announced that it is?mobilizing? $150 million in assistance. The U.S. State Department said it is mobilizing $150 million in aid. Washington will also...

Oil & Gas

After deadly earthquake, international aid is heading to Venezuela

After two powerful earthquakes in Venezuela on Wednesday, governments and humanitarian groups around the world have started sending cash, teams of rescuers, and other types of aid. The number is expected to rise. At least 250 buildings were damaged by the two quakes that struck Caracas in a distance of?160km (100miles). The latest count shows 200 people still trapped under debris. U.N. HUMANITARIAN AFFAIRS OFFICE Tom Fletcher, the U.N.'s chief of aid, said that the office for humanitarian affairs was responsible for coordinating the deployment international search and rescue teams. He said that "the coming days will need a massive...

Oil & Gas

Trump: Empty oil tankers headed to U.S. for oil and gas loading

U.S. president Donald 'Trump' said on Saturday that a large number of completely emptied?oil tanks?were headed to the United States for refueling with oil and natural gas. "The best and sweetest oil and gas in the World are being loaded into the United States by a large number of oil tankers that are completely empty. Trump stated in a Truth Social posting that "we have more oil and better quality than the next two largest oil economies combined." The post was made as senior U.S. officials and Iranian officials met on Saturday in Islamabad, Pakistan with Pakistani mediators as Tehran...

Oil & Gas

If the Iran war continues, Brazilian pulp giant Suzano expects prices to rise for toilet paper and tissues worldwide

Brazilian pulp giant Suzano announced on Friday that toilet paper, tissue and diaper prices will increase globally as companies try to cover higher transportation and 'chemical' costs if the U.S. and Israeli war against Iran continues. Suzano is the largest producer of pulp in the world, with a market capitalization of more than $60 billion. This pulp is used to manufacture Kimberly-Clark Cottonelle toilet papers, Kleenex tissues and sanitary products, as well as diapers, cardboard packaging, and other everyday items. The Iran War has caused a spike in oil prices, which have increased Suzano’s costs for shipping, trucking and rail....

Oil & Gas

World Bank lowers its Middle East growth projection for 2026 after turmoil in the energy sector

The GCC's growth forecast for 2026 has been reduced to 1.3% due to lower hydrocarbon revenue Kuwait and Qatar's economies are expected to contract in this year The World Bank warns about lingering risks in the region DUBAI, 8 April - In a report released on Wednesday, the World Bank slashed the growth forecast for the Middle East's economies in 2026 as a "consequence" of the conflict between the U.S. and Israel, along with Iran. The report also warned of widespread risks. Donald Trump announced late Tuesday a ceasefire of two weeks in the conflict. The conflict is now in...

Oil & Gas

Iran's defiance on the eve before Trump's ceasefire deadline

Iran and Israel exchanged attacks on Tuesday, as Tehran defiantly refused to reopen Strait of Hormuz or accept a ceasefire agreement on the eve of the deadline set by U.S. president Donald Trump for Tehran to comply with his demands. According to a source familiar with the plan, Iran rejected the U.S. proposal that was mediated by Pakistan. The plan called for an "immediate" ceasefire, the lifting of the effective blockade in the Strait of Hormuz, and then talks about a wider peace settlement to be held within 15 to 20 working days. IRNA, the official news agency, reported that...

Oil & Gas

Foreign Minister says China is ready to work with Russia to reduce tensions in the Middle East

In a Sunday phone call, Foreign Minister Wang Yi informed his Russian counterpart Sergei Lavrov that China was 'willing to continue cooperating with Russia at the U.N. Security Council' and to make efforts to "cool down" the Middle East situation. Wang stated that the best way to resolve navigational issues in the Strait of Hormuz was to achieve a cessation of fire as soon as possible. He added that China has always favored a political resolution of hot-spot?issues by dialogue and negotiation. The call was made ahead of next week's U.N. Security Council voting on a Bahraini Resolution to protect...

Oil & Gas

Trump says Iran's current leaders are'very reasonable', as Pakistan prepares for talks

President Donald Trump claimed that the U.S. has been meeting with Iran "directly and indirect" and that the new Iranian leaders were "very reasonable". This was as more U.S. troops arrived in the area and Tehran warned they would not accept humiliation. Trump's comments on Sunday come after Pakistan, acting as an intermediary between Tehran, Iran and Washington, announced that it would be hosting "meaningful discussions" in the next few days to end the Iran?war, which has lasted for a month. Trump said to reporters Sunday night as he traveled on Air Force One from New York City to Washington....

Oil & Gas

Fears of wider Iran conflict has led to a relaxation in the Gulf markets

Investors' sentiment was affected by the sagging of most Gulf stock markets in early Sunday trading, as concerns about a wider conflict linked to Iran weighed heavily on their minds. This came after Yemen’s Houthis launched the?first? attacks on Israel since the conflict started and the U.S. sent additional forces into the Middle East. The Washington Post reported Saturday that U.S. officials had said that the Pentagon was preparing for a possible multi-week?operation on the ground in Iran. However, it remained unclear whether President Donald Trump would authorize the deployment. The Qatari Index fell by 1.1% as Qatar National Bank,...

Oil & Gas

Analysis finds that the Patriot missile used in the Bahrain attack was likely US-owned.

According to an academic analysis, the Patriot air defense system operated by the United States likely fired the missile that caused the pre-dawn blast in Bahrain which injured dozens and destroyed homes 10 days after the start of the war against Iran. Both Bahrain and Washington blamed the March 9 explosion on an Iranian drone. The Gulf kingdom reported that 32 people were injured, including some children, in the blast. U.S. Central Command stated on X on the day after the attack that an Iranian drone had struck a residential area in Bahrain. Bahrain acknowledged on Saturday, in response to...

Oil & Gas

Saudi Arabia orders four Iranian embassy staff and the military attache to leave

Saudi Arabia informed Iran's military attache and his aide, as well as three members of the embassy, that they must leave the kingdom within 24 hours of being declared persona grata. The Saudi Foreign Ministry cited what it called continued Iranian attacks against Saudi territory. Saudi Arabia has been attacked by hundreds of Iranian missiles and drones, most of which were intercepted. In a press release, the?ministry stated that continued Iranian attacks will?lead?to further escalation and "significant consequences" on current and future relationships. Saudi Arabia's foreign minister stated on Wednesday that the kingdom reserves the right to use military force...

Oil & Gas

Sources say that Fujairah in the UAE resumes oil loading after an attack

Four sources confirmed that oil loading operations at the United Arab Emirates Fujairah, a major 'bunkering hub' and crude export terminal, had re-commenced despite a Saturday drone attack and fire. However, it is unclear whether the operations are back to normal. The U.S. - Iran war has already reduced Middle Eastern oil supply by more than?7m barrels a day, or 7% of the global supply. The disruptions?at Fujairah could force OPEC’s third largest crude producer to cut more?production, after already cutting production at its offshore oil fields. According to Kpler, Fujairah outside the Strait of Hormuz exported on average?more? than...

Fossil Fuels

Fossil Fuels

Weekly gain in oil heads as Middle East supply risk persists

The oil price fell on 'Friday, but remained on course for a weekly gain as renewed U.S. - Iran fighting disrupted shipping through the Strait of Hormuz. This stoked concerns about supply disruptions. Brent futures fell 68 cents or 0.9% to $75.62 per barrel at 0817 GMT. U.S. West Texas Intermediate crude (WTI), which is a blend of U.S. and Canadian crudes, fell 64 cents or 0.9% to $71.44. Brent was expected to gain about 5% this week and WTI would increase by about 4%. Vandana Hari, an analyst at Vanda Insights who provides oil market analyses, said that although...

Refined Products

Oil prices rise after US strikes on Iran

Oil prices rose on Thursday, after the U.S. launched new?strikes in Iran. This dented hopes of an end to the Iran war, and the full reopening of the Strait of Hormuz. The Strait of Hormuz is a chokepoint that supplies one-fifth of the world's oil supply before the war. Brent crude futures were up 78 cents or 1% at $78.8 per barrel as of 0054 GMT. U.S. West Texas Intermediate Crude Futures rose 74 cents or 1.01% to $74.26 per barrel by 0054 GMT. WTI and Brent crude prices rose by more than $1 in the post-settlement trading on Wednesday,...

Fossil Fuels

After deadly earthquake, international aid is heading to Venezuela

After two powerful earthquakes in?Venezuela on Wednesday, governments and humanitarian groups have started sending cash, teams of rescuers, and other aid. The death toll is expected to increase. According to the latest statistics, the back-to-back earthquakes, measuring 7.2 & 7.5 in magnitude, struck roughly 160 km (100 miles), west of Caracas. They damaged at least 250 buildings, and trapped about 200 people. U.N. HUMANITARIAN AFFAIRS OFFICE Tom Fletcher, the U.N.'s chief of aid, said that the office for humanitarian affairs was in charge of coordinating the deployments by international teams to search and rescue urban areas. He said that "the...

Mining

Mineral Resources

Mineral Resources

Gold drops over 1% and oil increases after Trump declares Iran peace deal "over"

Gold prices fell more than 1% after the?U.S. Donald Trump declared that the interim peace agreement with Iran is "over", which sent oil prices soaring and revived fears of inflation. Gold spot fell by 1.4% at 1027 GMT to $4,049.92 an ounce, its lowest price since July 2. U.S. gold futures for August delivered fell 2.3% to $4.059.80/oz. Oil prices rose by more than 6% following a statement from?Trump that the Memorandum of Understanding signed with Iran in June to end their four month conflict was "over", and that he did not want to engage Tehran. UBS analyst Giovanni Staunovo...

Mineral Resources

Japan Q3 aluminium prices soar highest since 2015 due to Mideast supply squeeze

Five sources said that Japanese aluminium buyers paid a premium of $395 per ton between July and September. This was the highest price since 2015. The U.S./Israeli war against Iran has squeezed the supply. Japan is the largest Asian importer and benchmark for the region. Its premiums on primary metals are set at a level that exceeds the London Metal Exchange cash price each quarter. The premiums agreed to are up from $350-$353 per ton in April-June, the third consecutive increase. This is the highest since $425 between January and March 2015. As tensions ease, producers cut their offers Sources...

Mineral Resources

Gold gains for the week as US job data weakens rate hike betting

Gold rose on Friday, and was expected to gain a weekly profit after four weeks of losses. Weak U.S. job data dampened expectations that the Federal Reserve will raise rates in the near future. Gold spot was up 1.3% to $4,176.29 an ounce at 1006 GMT after reaching its highest level since June 23. Bullion is above its 21-day moving average and up over 2% this week. U.S. Gold Futures for August Delivery gained 1.53% to $4188.80/oz. Data released on Thursday revealed that nonfarm payrolls increased by 57,000 in the U.S. last month. This was below the 110,000 economists had...

Mineral Resources

Gold prices rise for the first time in five weeks on Fed rate hike bets

Gold gained 1% on Friday, and investors were set to?make their?first weekly gains in five as they dialed back expectations for U.S. interest rate hikes after softer than expected jobs data. As of 0612 GMT spot gold was up by 1% to $4,165.29 an ounce. It had earlier reached its highest level since the 23rd of June. U.S. Gold Futures for August Delivery gained 1.3% to $4,178.50. Bullion is on track to gain 1.8% in a week, its first weekly gain since?May 29. Weaker-than-expected data from nonfarm payrolls as well as private payrolls have tempered inflation concerns and interest rates...

Mineral Resources

Gold prices rise for the first time in five weeks on Fed rate hike bets

As investors lowered their expectations for Federal Reserve rate hikes after softer than expected U.S. job data, gold rose by more than 1%. As of 0235 GMT spot gold rose 1.4% to $4179.94 an ounce. This was its highest price since June 23. U.S. Gold futures for delivery in August gained?1.6%, to $4193.20. Bullion is on track to gain 2.3% in a week, its first weekly gain since the week of May 25. Weaker-than-expected data from nonfarm payrolls as well as private payrolls helped ease concerns about inflation and longer-term interest rates. The dollar was heading for a weekly decline,...

Mineral Resources

Fed raises interest rates and a strong dollar will cause gold to have its worst quarter since 13 years.

The dollar was firmer amid expectations that U.S. rates will be raised, and gold edged up from a near seven-month low. As of 1150 GMT spot gold was up 0.4% to $4,031.29 an ounce after hitting its lowest level in November 2025 earlier in session. U.S. gold futures for August delivery fell 0.2% to $4.045.30/oz. "The failure to maintain gains (for gold), highlights the current fragile mood, where traders continue to?sell into strength instead of buying into weakness, which is a noticeable shift from behaviour seen in the past few years," said Saxo Bank Analyst Ole Hansen. Bullion fell more...

Mineral Resources

Gold drops as Gulf tensions fuel inflation concerns and Fed rate hike bets

Gold prices fell on Monday as recent hostilities in Gulf added to inflation fears and expectations of rate hikes by the U.S. Federal Reserve, putting pressure on the non-yielding material. As of 1053 GMT, spot gold was down by 1.3% to $4,036.19 an ounce. U.S. Gold Futures for August Delivery fell by 1.1%, to $4.051/oz. Bullion experienced a weekly decline of 1.7% on Friday, and is on course for a monthly loss in excess of 10%. A U.S. official announced on Sunday that Iran and the United States had agreed to cease recent hostilities and re-start talks regarding their dispute...

Mineral Resources

Gold drops as Gulf tensions fuel inflation concerns and Fed rate hike bets

Gold fell on Monday, as recent hostilities in the Gulf increased inflation fears that fueled expectations of a rate hike by the U.S. Federal Reserve. This pushed the non-yielding material down. As of 857 GMT, spot gold was down by 0.9% to $4,049.90 an ounce. U.S. Gold Futures for August Delivery lost 0.8%, to $4.063.50/oz. Bullion experienced a weekly drop of 1.7% on Friday, and was on course for a monthly decline of over 10%. A U.S. official announced on Sunday that Iran and the United States had agreed to cease recent hostilities and resume talks about their dispute over...

Mineral Resources

Gold falls as new US-Iran strikes increase oil and Fed rate hike bets weigh

Gold prices?reduced on Monday, as the recent U.S. - Iran?strikes in the Gulf pushed up oil prices. Expectations of U.S. Federal Reserve rate hikes also weighed on this non-yielding material. As of 0602 GMT, spot gold was down by 0.8%, at $4,057.77 an ounce. U.S. Gold Futures for August Delivery fell 0.6% to $4072.20. Metal was heading for a fourth consecutive monthly loss of 10.5%. Tim Waterer is the chief market analyst for KCM Trade. He said: "U.S.-Iran were back at it over the weekend with new military strikes reported from both parties. This casts doubt on how long oil...

Mineral Resources

Gold falls as new US-Iran strikes increase oil and Fed rate hike bets weigh

Gold prices?reduced on Monday, as the recent U.S. - Iran?strikes in the Gulf pushed up oil prices. Expectations of U.S. Federal Reserve rate hikes also weighed on this non-yielding material. As of 0242 GMT, spot gold was down 0.7%, at $4,061.35 an ounce. U.S. Gold Futures for August Delivery lost 0.5%, to $4076.40. Metal was heading for a fourth consecutive monthly loss of 10.4%. Tim Waterer is the chief market analyst for KCM Trade. He said: "U.S.-Iran were back at it over the weekend with new military?strikes from both parties. This casts doubt on how long oil will remain at...

Mineral Resources

Gold to fall by a week's worth on fears of rate hikes and tensions in the Middle East

Gold prices dropped on Friday and were set to?have a weekly loss? as tensions in Middle?East dampened hopes for a U.S. - Iran peace deal amid fears of rising inflation and rate hikes. As of 0718 GMT, spot gold was down by 0.3%, at $4,461.28 an ounce. It has dropped about 1.6% this week. U.S. Gold Futures for August Delivery fell by 0.4% to $4487.90. Israel has said that it will not withdraw its troops from Lebanon, despite the rejection of a ceasefire by Hezbollah's?militia. This undermines President Donald Trump’s efforts to stop fighting in Lebanon to reach a peace...

Mineral Resources

Gold to fall by a week's worth on fears of rate hikes and tensions in the Middle East

Gold prices dropped on Friday and were set to?for an overall loss? as tensions in Middle 'East tempered?hopes of a U.S. - Iran peace deal amid fears about rising inflation and rate hikes. As of 0548 GMT, spot gold was down by 0.6%, at $4,445.51 an ounce. The price of gold has dropped about 2% in the last week. U.S. Gold Futures for August Delivery fell by 0.7% to $4471.70. Israel has said that it will not withdraw its troops from Lebanon, despite the rejection of a ceasefire by Hezbollah's?militia. This undermines President Donald Trump’s efforts to stop fighting in...