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Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032
Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.

U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025

Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
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Global EV Charging Points to Reach 206.6 Million by 2040
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
TCL SunPower Global partners with Energia Italia to strengthen its network in Italy
TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.

China: Refineries Increase Output but Maintain Crude Oil Surplus

In July, China maintained a crude oil surplus of 530,000 barrels per day despite high refining activity, confirming a stockpiling strategy amid fluctuating global prices.
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The aviation fuel market projected to reach USD 751 billion by 2032
With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.
CNAF Acquires Stake in Private Sustainable Aviation Fuel Refinery
China’s aviation fuel distributor CNAF announced a new investment in a private sustainable fuel refinery, reinforcing its integration strategy within an emerging sector considered critical to the country’s aviation industry.

Petrobras negotiates to increase capacity of three FPSOs in Brazil

Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.
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China rejects European threat to reinstate sanctions against Iran
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
800-Million-Dollar Agreement: Tsingshan Triggers an Energy Recomposition in Zimbabwe
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.

Shanghai Electric commissions Manah-1 solar plant in Oman with 500 MW

The Manah-1 solar project in Oman, with a capacity of 500 MW, was delivered by Shanghai Electric and has recorded a stable first month of operation, strengthening industrial and technical cooperation with Électricité de France.
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Vanda RE negotiates power purchase contracts in Singapore for Indonesian solar project
Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
Oman Unlocks $500 Million to Exploit Its Copper and Chrome Reserves
The sultanate awards three mining concessions to local companies. Projects target strategic deposits to reduce hydrocarbon dependence.

Eleven US companies selected to fast-track small nuclear reactor testing

The United States Department of Energy has selected eleven companies to build experimental nuclear reactors by July 2026, under a programme aimed at meeting rising electricity demand.
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OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
Russian Shadow Fleet Disrupts Global Oil Balance in Asia
Hundreds of aging tankers transport Russian oil to Asia, circumventing Western sanctions while creating major environmental risks and transforming global trade flows.

ADNOC L&S Defies Maritime Turbulence with Record Second Quarter Results

The Emirati logistics giant posts 40% revenue growth despite depressed maritime freight rates, driven by Navig8 integration and strategic fleet expansion.
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The global next-generation solar cell market will reach $12.95 billion by 2031
The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
CATL Suspends Lithium Mine in China : Prices Surge 8%
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.
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RWE secures two solar projects in North Rhine-Westphalia through a federal tender
Pietro Mendes resigns from Petrobras to lead Brazilian oil agency ANP
Aalo Atomics raises USD 100 million to launch its first nuclear power plant
Togolese ZIH Acquires Petrogal GB with Structured Financing from Ecobank
Russia and India strengthen energy trade despite US pressure
CBAK Energy reaches 14.6% of global 32140 cylindrical cell market in Q1
Chinese battery manufacturer CBAK Energy rose to fourth place in the global 32140 cylindrical cell market, according to data from the Start Point Institute of Research.
China Faces Looming Decline in Automotive Gasoline Demand
As electric vehicles now account for more than half of new registrations in China, domestic gasoline demand is showing tangible signs of slowing down, raising significant strategic questions for refiners, according to the Oxford Institute for Energy Studies.

PetroChina records a 2.3% increase in net profit in the first quarter of 2025

PetroChina announced stable growth in operational results for the first quarter of 2025, supported by an increase in oil and gas production and accelerated development in renewable energies.
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China Approves Ten New Nuclear Reactors, Marking Historic Major Investment
The Chinese State Council has just authorized the construction of ten new nuclear reactors across five strategic sites, highlighting a massive acceleration in energy ambitions to achieve record installed capacity by 2025.
CNOOC Limited records 4.8% production growth in the first quarter of 2025
CNOOC Limited announced an increase in production and maintained profitability in the first quarter of 2025, despite an 8.3% drop in Brent crude oil prices compared to last year.

The wind shifts: Chinese OEMs struggle to gain traction in the European market

Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
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China’s wind and solar capacity surpasses thermal power for the first time
China has reached a historic energy milestone with wind and solar capacity now exceeding that from thermal sources, amid an acceleration of new installations.
Tariffs, Oversupply: Oil Industry Faces Imminent Global Contraction
The global oil industry anticipates a significant decline in exploration and production investments from 2025, amid persistent oversupply, exacerbated by increased U.S. tariffs and recent decisions by OPEC+.

France seeks to create a China-EU duo to offset US withdrawal

France proposes a stronger alliance between the European Union and China to counter the absence of the United States in the fight against climate change, with a summit scheduled for July 2025.
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Washington criticises anti-fossil policies at IEA summit
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
The UK seeks to ban the purchase of Chinese solar panels linked to forced labour
The UK government has introduced an amendment aimed at preventing its public company from buying components linked to forced labour, which could impact the supply of Chinese solar panels.

CATL unveils revolutionary electric vehicle batteries, paving the way for a new energy era

CATL introduced several innovative batteries for electric vehicles, including the Naxtra, the first series-produced sodium-ion battery, and the Freevoy, marking the entry into the era of multiple power sources.
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Summit in London: Tensions over the role of renewable energy in global energy security
In London, global officials gather to discuss energy security amid rising geopolitical tensions. Disagreements persist on the role of renewable energy in meeting global demand.
Azerbaijan and China sign six agreements to develop renewable energy
During President Ilham Aliyev's official visit to China, six agreements were signed between Azerbaijan and Chinese partners to develop green energy projects, including solar power plants, an offshore wind farm, and energy storage systems.

Algeria and LONGi discuss industrial partnership for solar panel production

Algeria explores a partnership with Chinese giant LONGi to launch local solar panel production. This initiative is part of the country's energy diversification strategy.
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Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia
Chinese giant Sinopec publishes its first international global energy outlook, forecasting a peak in primary energy consumption by 2045 and a rise in non-fossil energy sources.
Trump policies: renewable energy and storage sectors on alert in US markets
Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.

Shanghai Electric signs major energy deals in Saudi Arabia and Oman

Shanghai Electric has secured strategic partnerships with Masdar and Mawarid Group for large-scale solar and wind projects, strengthening its industrial presence in the Middle East.
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Das Solar invests €109mn in photovoltaic plant in France
Chinese group Das Solar begins construction of its first European factory in Mandeure, with an initial 2 GW capacity and the planned creation of 600 jobs.
Artificial intelligence in energy to reach $58.66bn by 2030
The global artificial intelligence market applied to the energy sector is expected to grow at an annual rate of 36.9% between 2024 and 2030, according to a report published by MarketsandMarketsâ„¢ on April 22.
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