Long queues in Myanmar as Iran war fuel crisis deepens

Drivers are queuing for hours at petrol stations in Myanmar as the Iran war continues to send shockwaves across the globe.

What can nations do to make up for the ongoing energy shortfall?

The Middle East conflict has cut off 20 percent of the world's fuel supply. Countries are scrambling for alternatives.

South Korea proposes over $17 billion in additional budget to ease energy costs as Iran war rages on

Seoul imports 94% of its energy needs, and almost 72% of its crude oil comes from the Middle East.

Bin bag panic grips South Korea as huge Iran war crisis budget agreed

In Seoul last week, South Koreans were stripping shop shelves of plastic bin bags. Not food, not medicine. Bin bags. Nearly 2.7 million of the city’s mandatory “pay-as-you-throw” bags were sold each day, almost five times the normal volume, as residents scrambled to stockpile what they feared might soon become scarce. City by-laws mandate that the prepaid bags – made from naphtha, a petroleum derivative – be used to throw away household waste. But with oil supplies under strain amid the...

By Park Chan-kyong

Bangladesh turns off lights as Middle East war deepens energy crunch - The Straits Times

Bangladesh turns off lights as Middle East war deepens energy crunch  The Straits Times

32.6 million to get up to 600,000 won in relief cash. Will non-Korean residents be included?

Some 32.56 million people in South Korea — those in the bottom 70 percent of the income bracket — will likely receive a one-off cash handout of between 100,000 won and 600,000 won ($65-$390) under the government’s supplementary budget plan. he program, unveiled Tuesday as part of a 26.2 trillion won extra budget proposal, aims to ease the burden of higher living costs driven by surging oil prices, as the ongoing Middle East conflict disrupts global fuel supplies, the Finance Ministry said. The p

By The Korea Herald

Bangladesh turns off lights as Mideast war deepens energy crunch

Bangladesh switches lights off amid Mideast war energy crunch

Bangladesh has instructed its civil servants to switch off the lights and turn down air conditioning to save power as the Middle East war worsens an energy crunch across Asia, offi...

Govt offers up to Tk 1 lakh reward for information on illegal fuel hoarding - The Daily Star

Govt offers up to Tk 1 lakh reward for information on illegal fuel hoarding  The Daily Star

What EU energy ministers discuss today: energy costs, gas stocks and security of supply on the agenda

Pressure for coordinated solutions ahead of winter, with emphasis on stockpiling, avoiding unilateral interventions and supporting the Vertical Corridor The post What EU energy ministers discuss today: energy costs, gas stocks and security of supply on the agenda appeared first on ProtoThema English.

By admin