Total SA

Total is offering Iraqi oil to Asian refiners as supply increases. The oil and gas field involved is located near Basra, Iraq.

ExxonMobil and QatarEnergy plan to start natural gas production by 2033 from two undersea deposits in Cyprus' exclusive economic zone, with gas likely transported via pipeline to Egypt for liquefaction. The deposits, Glaucus and Pegasus, hold an estimated 7 trillion cubic feet of gas, and the companies aim to expand exploration in the region.

The oil industry in Pakistan protests a unilateral 18–20% fuel price cut by the government, citing estimated losses of Rs105 billion for refineries and marketing companies. Industry executives warn of potential bankruptcy for several OMCs amid policy instability and the exit of foreign firms like Shell and Chevron.

Curaçao, a semi-autonomous Caribbean island, hosted a two-day conference in Kansas City to attract American investment during its World Cup participation. The government, led by Minister Roderick Middelhof, aims to diversify its economy beyond tourism by promoting sectors like energy, logistics, and hospitality. The event highlighted Curaçao's deep-water harbor and expansion plans to position the island as a regional logistics hub.

Fitch Ratings downgraded Mozambique's credit rating due to a probable bond default. Mozambique missed a $119 million payment on a Credit Suisse loan, marking the second such default in two months.

Zambia's Cabinet has approved a revised 2026 budget to address rising fuel costs and stabilize the economy. Finance Minister Alexander Chikwanda aims to restore confidence amid challenges like currency depreciation, high borrowing costs, and slowing growth. The budget revision follows a 2015 photo of fueling activity in Lusaka.