SOMO is negotiating with ExxonMobil to secure storage and refining access in Singapore, aiming to strengthen Iraq’s position in expanding Asian markets.
Rosneft Germany announces the resumption of oil deliveries to the PCK refinery, following repairs to the Druzhba pipeline hit by a drone strike in Russia that disrupted Kazakh supply.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
Oil flows to Hungary and Slovakia via the Russian Druzhba pipeline have been halted, following an attack Budapest attributes to repeated Ukrainian strikes.
The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
In July, Russian gas flows to Europe via the TurkStream pipeline reached their second-highest monthly level since its operation began, according to data from S&P Global Commodity Insights.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
Slovakia and Hungary reject the European Commission's suggestion to replace Russian oil via an alternative route in Croatia, citing prohibitive costs and uncertain capacity.
Vietnam is aiming for 15% of its power capacity to be LNG-fired by 2030, but a controversial price cap could jeopardize this goal by discouraging investment and making projects economically unviable.
BP signs an agreement with Iraq to develop four oil and gas fields in the province of Kirkuk, with the aim of increasing energy production and diversifying resources.
The European Commission insists that there is no threat to oil supplies to Hungary and Slovakia despite the Ukrainian sanctions against Lukoil, as transit via Ukraine remains intact.
The European Investment Bank (EIB) provides a 500 million euro counter-guarantee to Deutsche Bank, marking the start of a 5 billion euro initiative to support the European Union's wind power industry.
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
Denys Shmyhal, Prime Minister of Ukraine, assures us that the sanctions against Lukoil do not compromise Slovakia's energy security and have the full support of the European Union.
The dispute over Russian oil transit between Hungary, Slovakia and Ukraine reveals deep-rooted energy tensions within the European Union, exacerbated by divergent interests and complex political alliances.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
