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Aramco and SOMO suspend crude supplies to India’s Nayara Energy
Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
ACWA Power commits to study 2,500 MW of energy projects in Syria
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.

Kuwait launches tenders for 1.8GW energy and water project

The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
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United States clears Rio Grande and Commonwealth LNG toward final decisions
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
Bangladesh finalises memorandum with Aramco for LNG supply deals
Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.

Masdar mobilizes USD 1.685 billion for energy projects through green bonds

Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
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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.

Low-carbon ammonia faces technical and financial challenges in shipping

According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.
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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.
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.

Iran cuts 1.4 GW to Iraq, Baghdad speeds up regional interconnections

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.
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Aramco sells 49% of Jafurah Midstream to GIP for $11 billion
Aramco finalizes a strategic agreement with an international consortium led by GIP, valuing its midstream gas assets in Jafurah at $11 billion through a lease and leaseback contract.
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.

OPEC+ Cuts Production Despite Higher Quotas in July

OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.
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Australia recalibrates hydrogen ambitions after wave of major project abandonments
BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.
OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts
The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.

Pakistan Refinery purchases Nigerian Bonny Light from Vitol for the first time

Pakistan Refinery Limited is preparing to import Bonny Light crude oil from Nigeria for the first time, reflecting the expansion of Asian refiners’ commercial partnerships amid rising regional costs.
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The e-fuels market targets $66.25bn by 2030 driven by Asia-Pacific momentum
E-fuels growth is accelerating with the market expected to reach $66.25bn by 2030, fuelled by Asia-Pacific’s industrial expansion, technological advances, and investments in hydrogen and ammonia infrastructure.
Chinese manufacturers accelerate global expansion, Wood Mackenzie reports, to overcome trade barriers
The proliferation of Chinese industrial sites abroad, analysed by Wood Mackenzie, allows renewable energy players to expand their hold on the sector despite intensified global protectionist measures.
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Global renewable energy investments reach $386 billion in first half
Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project
Indonesia advances waste-to-energy incineration with support from SUS ENVIRONMENT
TotalEnergies secures two new offshore permits in the West Delta basin
Dongfang Electric installs 26 MW offshore wind turbine, a world record
Trump, the puppet-master president: between tariff bluffing and energy market control
Donald Trump applies his negotiation methods to the energy sector, leveraging tariffs and targeted statements to influence markets and trading partners. Behind these decisions lies an ambiguous commercial strategy blending bluff and concrete actions.
Morocco: Six green hydrogen projects approved for $32.5 billion
The Moroccan government has selected six green hydrogen projects, representing an investment of 319 billion dirhams ($32.5 billion). These initiatives involve international consortia and align with the country's strategy to develop this sector.

OPEC+ Gradually Increases Iraqi Oil Production Starting April 2025

OPEC+ has authorized a gradual increase in Iraq's oil quota starting in April 2025, enabling the country to reach 4.11 million barrels per day by January 2026, amid strategic developments marked by the imminent reopening of the Iraq-Turkey pipeline.
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Public companies emit more CO2 than private firms, according to a study
State-owned companies, such as Saudi Aramco, are responsible for more CO2 emissions than private firms like Shell or ExxonMobil, according to a study by the British think tank InfluenceMap.
Opec+ announces gradual increase in production, causing oil prices to fall
Opec+ has reaffirmed its plan for a gradual increase in oil production starting from April 2025, a decision that has led to a drop in oil prices, particularly Brent. This strategy marks a shift in the cartel’s approach.

Aramco announces a 12.39% decrease in profits in 2024

The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
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Opec+ production increases lead to a drop in oil prices
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
ACWA Power acquires energy assets in Kuwait and Bahrain for $693 million
ACWA Power has signed an agreement to acquire stakes in power generation and water desalination assets in Kuwait and Bahrain for $693 million, further strengthening its position in the regional sector.

Aramco acquires 25% of Unioil to Expand Its Retail Network in the Philippines

Aramco strengthens its presence in the Philippine fuel market by acquiring 25% of Unioil, with the intent to expand its network of service stations and offer its refined products and Valvoline lubricants across the country.
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Yemen’s Oil Minister Urges Iran to Halt Houthi Support as the Country Eyes Gas Exports Again
Yemen's Oil Minister, Saeed Suleiman al-Shamasi, recently urged Iran to stop supporting Houthi rebels, as the war-torn country seeks to revive its natural gas exports. This plea was made amid a dire energy crisis and a deteriorating geopolitical situation.
EDF and TAQA Geothermal sign an agreement to develop geothermal energy in Saudi Arabia
EDF Saudi Arabia and TAQA Geothermal Energy Company have signed a memorandum of understanding to develop geothermal energy in the Kingdom. This initiative aims at electricity production and HVAC applications, aligning with Saudi Arabia’s Vision 2030.

Dangote Refinery Nears Full Capacity Despite Supply Challenges

Dangote Refinery, Africa’s largest, could reach its full potential of 650,000 barrels per day within 30 days. Currently operating at 85% capacity, it faces crude oil supply challenges despite pressure from Nigeria’s regulatory authorities.
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Thailand Cuts Electricity Supply to Myanmar, Impact on Energy Flows
Thailand's decision to cut electricity supply to several Myanmar border towns affects bilateral energy trade. With a loss of $1.5 million per month, this measure raises questions about the future of regional supply contracts.
European Oil Majors Slow Down Their Energy Transition
Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.

Indonesia: First Small Modular Nuclear Reactor in Southeast Asia Expected by 2030

Indonesia is accelerating the development of its nuclear program and could become the first country in Southeast Asia to deploy a small modular reactor (SMR) by 2030. Despite competition from renewable energy, Jakarta is betting on nuclear power to diversify its energy mix.
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Saudi Arabia: Saudi Aramco Adjusts Prices in Response to Asian Demand
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
American Pressure and Market Balance: OPEC+ Faces Trump’s Demands
The Trump administration is increasing pressure on OPEC to boost oil production. Between economic strategies and geopolitical stakes, global market balance remains fragile as OPEC+ takes a cautious approach ahead of key decisions.

Record Chinese Energy Installations: 24 GW in Belt and Road Countries

In 2024, Chinese companies installed 24 gigawatts of new energy capacity in Belt and Road countries. Nearly half of the projects focused on renewable energy, underscoring their key role in global energy diplomacy.
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ACWA Power signs agreements with Italian companies for global projects
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
Shell strengthens its position in the New England energy market
Shell has completed the acquisition of RISEC Holdings, consolidating its presence in the ISO New England market with a 609 MW combined-cycle power plant.
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