Russia’s decision to ban diesel exports this week has sent shockwaves through global energy markets, tightening supplies of one of the world’s most widely used fuels and driving prices sharply higher across
Tankers carrying liquefied natural gas from the United States and other suppliers are increasingly diverting from Europe toward Asia as spot prices surge amid escalating tensions in the Middle East. The redirection
More
On a quiet coastal plot in the town of Futaba in northeastern Japan, an ultramodern textile factory now stands where destruction once defined the landscape. Opened just three years ago, the facility
More
Pakistan’s government is preparing to introduce fuel-saving and austerity measures after global oil prices surged above $100 per barrel and gas supply disruptions in the Middle East triggered panic buying in the
More
Colombo is grappling with a potential energy crisis after the Indian company Trident Chamfer, contracted to supply 25 coal ships for power generation in 2026, has delivered only 13 vessels so far,
More
The Public Utilities Commission of Sri Lanka has issued a detailed report warning that the country could face significant disruptions to electricity generation in April, June, and July 2026 due to the
More
Airline shares moved in sharply different directions on Thursday as the aviation industry grappled with the fallout from escalating conflict in the Middle East, with Asian carriers showing signs of recovery while
More
Businessmen operating fuel stations under the Ceylon Petroleum Corporation (CPC) are reporting severe financial distress following the corporation’s decision to cut the 3 percent commission that has been paid to station operators
More
Sri Lanka’s Norochcholai Power Plant is confronting a potential energy shortfall this year as coal imports fail to meet the plant’s requirements, according to Frontline Socialist Party Education Secretary Pubudu Jayagoda. Speaking
More
The Ceylon Electricity Board has incurred a direct financial loss exceeding Rs. 2,796 million after burning substandard coal that failed to comply with the technical design requirements of its power plants, according
More
United Republic Front leader Patali Champika Ranawaka has intensified criticism of the controversial coal tender, claiming that Sri Lanka is losing two gigawatt hours of power every day due to the import
More