Energy Crisis Archives - National Times

14 Apr

France and the UK to host 40-nation summit on Strait of Hormuz security

Rajeev Sharma0 CommentsWorld NewsEmmanuel Macron, Energy Crisis, Keir Starmer, Maritime security, Naval blockade, Strait of Hormuz

Paris (Rajeev Sharma): France and the United Kingdom have announced a major diplomatic initiative to address the deepening crisis in the Strait of Hormuz. On Tuesday, April 14, 2026, French President Emmanuel Macron and British Prime Minister Keir Starmer confirmed they will co-host a joint video conference this Friday in Paris. The summit aims to bring together more than 40 non-belligerent nations to establish a coordinated and defensive mission to restore freedom of navigation in the world’s most critical energy chokepoint. The move follows a breakdown in peace negotiations in Islamabad, which has left the vital waterway under a sustained…

OMCs Hike Premium Petrol and Industrial Diesel Prices Amid Global Supply Disruptions

Gurpreet Singh0 CommentsIndiaEnergy Crisis, fuel prices, HPCL, industrial diesel, IOCL, Petrol hike, West Asia Conflict

New Delhi (Gurpreet Singh): Indian oil marketing companies (OMCs), including Indian Oil Corporation (IOCL) and Hindustan Petroleum Corporation Limited (HPCL), have implemented a significant price hike for premium petrol and industrial diesel effective Friday, March 20, 2026. Premium petrol variants have seen an increase of approximately ₹2 to ₹2.35 per litre, while the price of industrial diesel has surged by over ₹21 per litre. These revisions come as global energy markets face extreme volatility driven by escalating geopolitical tensions in West Asia and disruptions in the Strait of Hormuz. The hike specifically targets branded, high-performance fuel variants such as IOCL’s…

LNG Canada Ramps Up Production to Shield Asian Markets from Middle East Energy Crisis

Rajeev Sharma0 CommentsBritish Columbia, CanadaEnergy Crisis, Gas Exports, Kitimat, LNG Canada, West Asia

Kitimat, B.C. (Rajeev Sharma)— In a critical move for global energy security, LNG Canada has significantly accelerated its production and export volumes this week as the escalating conflict in West Asia threatens to cripple the world’s liquefied natural gas supply. Data released on Wednesday, March 11, 2026, indicates that the Shell-led facility in Kitimat is operating near its full capacity of 14 million metric tonnes per year, providing a vital alternative for Asian nations currently cut off from traditional Gulf sources. The urgency comes as QatarEnergy, which normally accounts for approximately 20% of the world’s LNG trade, declared force majeure…