Oil Supply Shifts: Canada’s Trans Mountain expansion is set to boost Canadian heavy crude exports, with shipping estimates showing about two-thirds of ~640 crude tankers (May 2024–July 2026) landing in Asia; China is expected to stay the biggest buyer as Middle East disruptions push Asian refiners to reassess supply security. Energy Security & Markets: The IEA’s Fatih Birol says another emergency SPR oil release remains on standby if the Hormuz-linked crisis worsens, while the US has reportedly requested an exchange of up to 40 million barrels from the SPR. India Energy Push: India’s finance leadership flagged the ₹84,000-crore “Samudra Manthan” offshore exploration plan to cut oil and gas import dependence, as the country also weighs rising storage needs—CareEdge projects over INR 4 lakh crore for energy storage by FY32. Grid Buildout: Apraava Energy acquired a Maharashtra transmission SPV to develop ~400 ckm of lines and a 4,500 MVA pooling station, aimed at enabling renewable integration and pumped-storage power evacuation. Hydrogen & Renewables: Oman targets green hydrogen exports by 2030 and wants deeper cooperation with India; China also unveiled a frontier science program and new battery plans, signaling continued push from research to commercialization.