Latest News
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Afghanistan earthquake 5.9 causes eight deaths
The National Disaster Management Authority reported that eight people died and one child was injured when a house in Kabul collapsed following the earthquake in Afghanistan. The German Research Centre for Geosciences, GFZ, reported that an earthquake measuring?5.9 magnitude struck Afghanistan's Hindu Kush on Friday. GFZ said that the quake was at a depth 177 km (110 mi). Witnesses reported feeling strong tremors in the Indian capital New Delhi and Kabul, Afghanistan's capital. Afghanistan is surrounded by rugged mountains and therefore prone to natural disasters. The most deadly are its earthquakes, which kill?about 560 people a year on average. The 6.3-magnitude earthquake that struck the country in November killed at least 27 people and destroyed hundreds of homes. Mohammad Yunus 'Yawar, reporting from Kabul; Akanksha 'Kushi, writing in Bengaluru; Kanjyik 'Ghosh, in Barcelona; Kevin Liffey and Emelia Sithole Matarise editing.
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Emirates Global Aluminium estimates that full recovery of production from the attack could take up to a year
The UAE-based company Emirates Global Aluminium said that it could take up to a full year to fully restore primary aluminium production in its Al Taweelah Smelter, which was damaged by an Iranian attack late last month. In a press release, Al Taweelah said that the facilities were evacuated to the fullest extent and put into emergency shutdown following the attacks of March 28 on the Khalifa Economic Zone Abu Dhabi. EGA stated that to resume operations, it must repair the infrastructure and restore each reduction?cell. Early indications suggest that it could take up to a year for the primary aluminium industry to fully recover. PARTICULAR OPERATIONS EGA stated that the Al Taweelah refining plant, which produces alumina (the raw ingredient of aluminium), and the Al Taweelah Recycling Plant could restart some production sooner, "depending?on?the final?assessment of the site damages". The conflict in the Middle East has caused the price of aluminum to rise the most in almost two years. Benchmark three-month aluminum on the London Metal Exchange rose?10.4% in the last month, and reached its highest level in almost four years -- $3,546.50 a metric ton -- on March 12. The London Metal Exchange's benchmark three-month aluminium reached its highest level in nearly four years - $3,546.50 per metric ton - on March 12. Al Taweelah Aluminium Smelter of EGA will produce 1.6 million tonnes of cast metal in 2025. Al Taweelah is also home to an alumina refinery, which produced 2.4 millions tons of aluminium last year. Hatem Maher (Reporting) Tomasz Janovski and Barbara Lewis (Editing)
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Meloni, Italy's Meloni, visits Saudi Arabia, Qatar, and the UAE amid Gulf tensions and energy concerns
A government official confirmed that Italian Prime Minister Giorgia meloni traveled to Saudi Arabia on Friday for a previously undisclosed trip. The trip will include meetings in Qatar, the United Arab Emirates and other countries. Officials said that the two-day trip was to show support for Gulf countries facing Iranian attacks, and also to protect Italy's energy supply. This is the first visit by an EU leader to Saudi Arabia since the conflict that was started by the United States and Israel in February. It also comes at a moment when there are growing concerns about the security of the?oil & gas 'flows. Qatari liquefied gas covered about 10% of Italy’s total gas consumption before the war. Middle East oil made up around 12% last year of Italy’s total oil imports. Italy received a notification last week that its Gulf supplier would be halting LNG deliveries due to the near-closure?of the Strait?of Hormuz. They will not ship 10 cargoes?between?April and?mid June. QatarEnergy CEO and State Minister for Energy Affairs, QatarEnergy, told?that Iranian attacks had also crippled 17% of Qatar’s LNG export capability. Last month, QatarEnergy's?CEO and state minister for energy affairs told?ajungiaparatulletzten??letztenbackbackééletzten Two sources with knowledge of the situation said on Thursday that Italy would begin to receive liquefied natural gas (LNG), from the Golden Pass LNG facility in the United States, from June. (Reporting and writing by Giuseppe Fonte, Crispian Balmer and Gavin Jones).
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FAO: If the Iran war continues, food prices will continue to rise around the world
The United Nations Food and Agriculture Organization reported on Friday that world food prices rose in March, reaching their highest level since last September. They could rise even more if the Middle East conflict continues to push up energy costs. In a recent statement, FAO Chief Economicist Maximo Toreros said that the price rises have been modest. They are mainly due to higher oil prices. He said that if a conflict continues for more than 40 days, and input costs are high, farmers can reduce their inputs, plant fewer crops, or switch to less intensive fertiliser crops. He added that "these choices will impact future yields, and shape our food supplies and commodity prices throughout the remainder of this year and the following years." FAO Food Price Index (which measures changes in global traded food commodities) rose 2.4% over its revised February level. The index is now 1% higher than it was a year ago. However, the value of the index has dropped by nearly 20% from its March 2022 high, which occurred after the beginning of the Ukraine war. Fertilizer costs could lead to reduced planting The index of cereal prices increased by 1.5% compared to the previous month. This was mainly due to a 4.3% rise in international wheat due to deteriorating crop prospects in America and lower plantings expected in Australia because of higher fertiliser costs. The global maize price edged upwards as the?ample supply of maize in the world offset concerns about fertiliser prices and indirect support from higher ethanol demand prospects related to higher energy costs. Due to the timing of harvest and weaker import demand, rice prices fell 3.0%. Vegetable oil price increases are now at 5.1% for the third month in a row. The higher quotations for palm, soya, sunflower and rapeseed oils reflected the impact on rising global energy costs and expectations of stronger demand. Palm oil prices have reached their highest levels since mid-2022. Sugar prices?jumped 7.2% to their highest level since October 2025 in March, due to higher crude oil prices. Brazil, the largest sugar exporter in the world, is expected use more sugarcane for ethanol production. The price of meat increased by 1.0% in Brazil and Europe, with pig prices rising in the EU. In a separate document, the FAO raised slightly its estimate of the global cereal production forecast for 2025 to a record 3,036 billion metric tonnes. This would mean a 5.8% increase year-on-year. (Reporting and editing by Tomasz Janowski and Barbara Lewis.)
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Morocco will stop fewer illegal migrants in 2025 due to route changes
Morocco will prevent?6.4% less attempts by illegal migrants to reach?Europe in 2020 compared to the previous year. The interior ministry announced this on Thursday. It added that people are using different routes, and the problem is not going away. The ministry responded to questions via email that in addition to stopping 73,640 attempts at illegal migration, they also dismantled over 300 migrant smuggling networks. The Sahel region of Africa has been ravaged by conflict for years. High unemployment, and the impact of climate change in farming communities is also a factor that drives migrants to Europe. Morocco has long been a major starting point for African migrants who are trying to reach Europe through the Mediterranean or Atlantic routes or by climbing fences around the Spanish enclaves in northern Morocco, Ceuta or Melilla. The level of cooperation with Spain has increased Since 2022, Morocco and Spain have strengthened their cooperation in the area of undocumented immigration. This follows the resolution of a previous diplomatic dispute. A senior official from the directorate of migration and border controls said that following tightened controls migrants have 'begun to use other departure points in West Africa, and parts of the southern Mediterranean. The marked drop in interceptions indicates a gradual decrease in irregular migration flows, reflecting a steady 'drying out' of the migration routes transiting through Morocco," he stated. The ministry reported that Morocco saved 13,595 migrants from drowning at sea by 2025. Meanwhile, 4,372 irregular migrants participated in voluntary return programs to their countries of origin. The official stated that voluntary returns are a reflection of Morocco's "human centered approach" to migration management, which "strikes an balance between firmness & responsibility". (Reporting and editing by Barbara Lewis; Ahmed El Jechtimi)
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The PM's Office says that the UK will deploy Rapid Sentry air defense system to Kuwait.
The office of Prime Minister Keir Sterne announced on Friday that Britain is sending its Rapid Sentry air defence system to Kuwait in order to protect British and Kuwaiti interest in the Gulf. This follows an Iranian drone attack on a Kuwaiti petroleum facility overnight. Starmer and Kuwait's Crown prince Sabah al Khalid?al Sabah discussed the deployment in a phone call on Friday morning. A spokesperson for Downing Street confirmed this. The spokesperson stated that "the Prime Minister started by condemning the reckless drone attack overnight on a Kuwaiti oil refinery." "He reaffirmed that the UK stands by Kuwait and our Gulf allies." The spokesperson stated that the leaders discussed the deployment to Kuwait of the UK air defence system, designed to shoot down low-flying drones, and other aerial threats. This would protect Kuwaiti?personnel? and?interests? in the region while avoiding an escalation to a larger conflict. Starmer and 'the crown prince' also discussed a 'disruption of global shipping through Strait of Hormuz. They welcomed a meeting on Thursday, chaired by British Yvette Cooper to develop a plan for reopening the crucial shipping route. (Reporting and editing by Tomasz janowski)
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North American farmers are cutting back on their farm machinery to save money as the season of unprofitable growing approaches
Salespeople for farm machinery are closing out a disappointing season of farming shows in North America, as farmers prepare to plant their spring crops without much new equipment. Farmers are still buying but have cut back on big-ticket purchases due to the high cost of fuel, machinery and fertilizer. They also avoid purchasing expensive items because global grain gluts have driven down crop prices. The manufacturer Degelman Industries' Chad Jones said, "They may not buy a million-dollar combine but they will buy a $100,000 tool." He was standing in front of his yellow-painted rockpickers and rippers, as well as other equipment from the company, at Canada's Farm Show, held in March. According to the Association of Equipment Manufacturers (AEM), a group that represents the major players in North American agriculture, farmers are still spending, but at a much lower level than they did in previous years. The group said that in March, sales of large-ticket items such as tractors and combine were down between 30 %?and 40 % in the U.S. compared to last year. Farm machinery sales are being hammered due to the squeeze on farmer's finances, exacerbated by President Donald Trump's tariffs in his trade war that has increased the cost of production for already expensive machines such as tractors and combine harvesters. The items are made from a large amount of steel, and sometimes with imported components. Trump's administration plans to impose a 25% tariff, rather than a 50% one, on finished goods imported from abroad that contain aluminum and steel. This will increase the price of these products. Goods that are primarily made of steel and aluminum such as tractors and combine will still be subject to the 50% tariff in place since almost a full year. John Deere's official stated that in its latest quarterly earnings call the company estimated tariffs would cost $1.2 billion by 2026. He also said that 2025 tariff costs were not passed onto farmers. Trump called for price cuts from manufacturers last Friday to help farmers. Trump's tariffs may be the cause of the industry's woes, but they are not the only problem. Kip Eideberg of Association of Equipment Manufacturers said that the easiest way to reduce the price of machinery would be to "significantly scale back the tariffs which are hitting the manufacturer, and the retaliatory?tariffs which are hitting farmers." The trade wars between the U.S. and China have affected U.S. crop sales. The soybean export market has been depressed for several months, resulting in huge stocks and a drop in crop prices. Leigh Anderson, economist at Farm Credit Canada, said that the farmers were concerned about their profitability for the next growing season. This has led to a delay in replacing equipment. He said that farmers have delayed purchases and hung on to older equipment longer. The farm show in Regina showed that farmers were not interested, as they did not test drive tractors or other large machinery. The show attracted over 5,000 attendees, but many of the displays were quiet. Eideberg, from AEM, said that it is fair to say that the purchasing behavior has changed. AEM hopes to cut tariffs because it is difficult to lower the cost of machinery and fertilizer production once they are high. Eideberg said, "That is the immediate relief which will make a difference for both farmers and manufacturers." (Reporting and editing by Emily Schmall, Aurora Ellis and Ed White)
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FAO: If the Iran war continues, food prices will continue to rise around the world
The United Nations Food and Agriculture Organization reported on Friday that world?food prices rose in March, reaching their highest level since last September. They could continue to rise if the Middle East conflict which has pushed up the energy prices continues. In a recent statement, FAO Chief Economicist Maximo Toreros said that the price rises have been modest. They are mainly due to higher oil prices. He said that if a conflict lasts more than 40 days, and input costs are high, then farmers can reduce their inputs, plant fewer crops, or switch to crops with less intensive fertilisers. He added, "These choices will impact future yields as well as shape our food supply for the rest of this year and the following years." The FAO Food Price Index measures the changes in a basket?of globally traded food commodities. It rose 2.4% compared to its revised February level. The index is now 1% higher than it was a year ago. However, the value is still nearly 20% lower than its March 2022 high, which occurred after the beginning of the Ukraine war. Fertilizer costs could lead to reduced planting The index of cereal prices increased by 1.5% compared to the previous month. This was mainly due to a 4.3% rise in the international wheat price due to deteriorating crop prospects in America and lower plantings expected in Australia because of higher fertiliser prices. The global maize price edged upwards as the?ample supply of maize in the world offset concerns about fertiliser prices and indirect support from higher ethanol demand prospects related to higher energy costs. Rice prices dropped 3.0% due to harvest timing ?and weaker import demand. Vegetable oil price increases are now at 5.1% for the third consecutive month. The higher quotations for palm, soy and sunflower oil, as well as rapeseed, reflect the rising global energy price and expectations of a stronger biofuel demand. Palm oil prices have reached their highest levels since mid-2022. Sugar prices jumped 7.2% to their highest level since October 2025 in March, due to higher crude oil prices. Brazil, the largest sugar exporter in the world, is expected use more sugarcane for ethanol production. The meat price rose by 1.0%. This was mainly due to a rise in pig meat in the European Union and in bovine meat in Brazil. Meanwhile, poultry prices were slightly lower. Separately, FAO raised their estimate of the global cereal production forecast for 2025 to a record 3,036 billion metric tonnes. This would mean a 5.8% increase year-on-year. (Reporting and editing by Tomasz Janowski and Barbara Lewis.)
Qatar's larger LNG growth to squeeze US, other competitors
Qatar's scheduled growth of liquefied gas (LNG) production could see it control almost 25% share of the worldwide market by 2030 and squeeze out competing projects including in the United States where President Biden stopped briefly new export approvals, market professionals state.
Qatar, one of the world's top LNG exporters, plans an 85%. expansion in LNG output from its North Field's current 77. million metric heaps annually (mtpa) to 142 mtpa by 2030, from. previously anticipated 126 mtpa.
Some market experts said that the relocation will have an impact. on global jobs in the United States, East Africa, and. elsewhere which requires financing and long-lasting consumers. commitment to reach last investment decision (FID), offered. Qatar's edge as the world's least expensive expense producer.
Analysts estimate Qatar's system cost of LNG production to be. as low as $0.3/ mmBtu, versus $3-$ 5/mmBtu worldwide, as associated. liquids production pays for most of the LNG construction expenses,. and as access to cheap labour from southeast Asia prevents. projects ballooning in cost or slipping behind schedule.
The Qataris understood that they should be able to use. basically the most competitive costs. They have the reserves,. lower expenses for developing incremental capacity, the relationship. with engineering companies and existing customers, so why stop here?,. said Individual retirement account Joseph, Elder Research Partner at Columbia. University's Center on Global Energy Policy.
This recommends that they are hurtling into usage it or lose it. mode. If you're the world's low cost producer, why not throw. down the hammer & & scare away any competition that's needing. long-lasting clients and financing, he added.
Fraser Carson, Senior Research Analyst of Global LNG at Wood. Mackenzie said the timing of Qatari announcement is. fortuitous, as other significant LNG rivals stall, in light of. the Biden administration's time out of U.S. LNG export approvals,. sanctions on Russian LNG and as civil discontent continues in. Mozambique.
Competitors in between Qatar and the United States heightened. following Europe's choice to wean off reliance on Russia's. pipeline gas following its intrusion of Ukraine, as U.S. gas. suppliers filled the supply vacuum, developing themselves as. the world's greatest LNG exporter in 2023, surpassing Qatar,. Qatari supplies likewise helped change the volumes.
The U.S. LNG capability will practically double over the next 4. years, however a choice to stop briefly approvals for applications for. brand-new LNG export terminals, for environmental reviews, has. triggered cautions from gas importers that the move would. compromise future energy security worldwide.
The signal the U.S. tasks need to take from this (is):. if they do not go ahead, someone will, stated Kaushal Ramesh,. Rystad Energy's vice president for LNG research study.
ASIA'S DEVELOPMENT HORIZON
The new expansion is anticipated to lead to a period of more. stable, lower prices across the remainder of the years and would. motivate higher take-up of LNG from Asian purchasers, said Alex. Froley senior LNG analyst at information intelligence firm ICIS.
Bringing online 16 mtpa of low cost volumes is favorable for. Asia and is precisely what the LNG market needs to guarantee a. long-lasting future in emerging Asia, Rystad's Ramesh stated.
International gas market will grow to 580-600 mtpa by 2030, from. present 400 mtpa, primarily driven by Asian demand. Qatar is. anticipated to control 24-25% of the marketplace by then.
Qatar is geographically well placed to fulfill existing high. demand in Northeast Asia in China, Japan and Korea and future. demand in the only real development region of South Asia, particularly. in India, stated Henning Gloystein, Practice Head, Energy and. Resources at Eurasia Group.
QatarEnergy chief Saad al-Kaabi said on Sunday that he still. believes that there is ample chance for gas to be part of. the energy mix in the future: We believe there will be a scarcity. of gas, even with our project.
While there are concerns over the extra carbon. emissions effect from new worldwide LNG production, Others argue. that there is still huge scope for gas to lower emissions by. changing coal and oil, ICIS' Froley stated.
Despite being the world's biggest LNG importer last year,. China's overall energy mix is only around 8% gas against 61% for. coal and 18% for oil, for instance, he included, citing IEA figures.
For coal to be replaced by gas provided as LNG as the. primary fuel in Asian thermal power plants, the LNG price and. rate stability is vital. Volatility will make coal to gas. conversion more difficult, said Morten Frisch, senior partner. at Morten Frisch Consulting.
The world's top energy business including Exxon Mobil. , Shell, TotalEnergies and. ConocoPhillips have actually played a central function in Qatar's LNG. industry for decades. They all hold stakes in existing. production centers and in recent years obtained stakes in the. brand-new growth stages, offering money in exchange for LNG volumes.
While the brand-new contracts are not as financially rewarding as in the past,. according to industry sources, they use the business an. essential grip in the LNG industry, which they expect will. continue to grow in the coming decades as economies shift from. coal to less polluting gas.
Industry sources anticipate Qatar to continue to seek. partnerships with worldwide players as it has a lot of LNG volumes. to sell, with one source anticipating Australia's Woodside. , whose U.S. Lake Charles job is under risk by. Biden's pause, might look for to become a Qatari partner, provided they. have just recently shelved plans for a $52 billion tie-up with. smaller competing Santos.
(source: Reuters)