China

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.
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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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 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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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.
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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Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
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 is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
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's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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 next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.
Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.

Chinese trade-in programme cuts air-conditioning bills by $943mn

According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
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Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.

China: Green Light for First Interprovincial Hydrogen Pipeline

China has approved the construction of a strategic pipeline to transport green hydrogen from Inner Mongolia to Beijing, facilitating supply to industrial zones around the capital and boosting a rapidly expanding energy economy.
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Chimbusco Pan Nation completes its first B30-MGO delivery in Hong Kong for the shipping company Orient Overseas Container Line, confirming its strategy of diversifying into alternative fuels and meeting new international marine fuel regulations.
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.

PDVSA oil sales abroad reach $17.5bn in 2024 despite sanctions

Petróleos de Venezuela S.A. (PDVSA) recorded $17.52bn in export sales in 2024, benefiting from increased volumes due to U.S. licences granted to foreign partners, according to an internal document seen by Reuters.
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Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Envision announces the official commissioning of the world's largest green hydrogen and ammonia plant in China, powered by an autonomous renewable energy system and entirely AI-driven, with exports planned from late 2025.

Rio Tinto: five strategic priorities to close a 40% valuation discount

Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
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Despite record electricity demand, China sees no significant increase in LNG purchases due to high prices and available alternative supplies.
Chinese manufacturer JinkoSolar has delivered three energy storage systems totalling 21.6 MWh to the American company Distributed Energy Infrastructure, as part of the Solar Massachusetts Renewable Target (SMART) programme aimed at strengthening local solar infrastructure.

BRICS Launch Their Own Climate Finance Framework and Reject CBAM

BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
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Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
The European Commission is launching an alliance with member states and industrial players to secure the supply of critical chemicals, amid growing competition from the United States and China.

TCL Solar signs strategic 250MW agreement for Pakistani market

TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
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Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.
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