Netherlands

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.

IAEA proposes local truce to restore power at Zaporizhzhia

The United Nations nuclear agency is urging Ukraine and Russia to establish a local ceasefire to repair damaged power lines at the Zaporizhzhia plant, which remains on alert after losing all external power supply.

Mongolia plans to launch its first oil refinery in 2028 with India’s support

India is funding Mongolia’s first oil refinery through its largest line of credit, with operations scheduled to begin by 2028, according to official sources.
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Battery prices in Asia-Pacific drop to record lows through 2029

Utility-scale battery storage system costs continue to fall across Asia-Pacific, but the pace of reductions is expected to slow significantly by 2029, according to Wood Mackenzie projections.

Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —

China’s crude oil imports rise 3.9% in September

China imported an average of 11.5 million barrels of crude oil per day in September, supported by higher refining rates among both state-run and independent operators.
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OPEC maintains demand forecast and lowers expected 2026 deficit

OPEC confirms its global oil demand growth forecasts and anticipates a much smaller deficit for 2026, due to increased production from OPEC+ members.

India invests $77 billion in large-scale hydroelectric plan amid China tensions

New Delhi plans to allocate INR6.4tn ($77bn) to develop transmission infrastructure for 76 GW of electricity from the Brahmaputra Basin by 2047, amid growing cross-border pressures.

Russia taps into Tajikistan’s rivers and cotton for joint ventures

Moscow strengthens industrial joint ventures with Tajikistan by leveraging hydropower, agriculture, and mining in a strategy based on mutual interest and economic complementarity.
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Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.

Australia loses Asian markets for seaborne thermal coal

Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.

Rosatom begins excavation for small modular reactor project in Uzbekistan

The construction of Uzbekistan’s first small modular reactor (SMR) is underway, with 1.5mn m³ of earth being excavated in Jizzakh, marking a major milestone for the nuclear project led by Rosatom.
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Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Google signs wind energy deal with Eneco for its Belgian data centre

Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.

Electricity access stalls with 730 million people still unconnected in 2024

Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.
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US sanctions hit NIS, a key player in Serbia’s oil market

Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.

India extends small reactor tender by six months to broaden industrial participation

Nuclear Power Corporation of India Ltd has pushed the Bharat Small Reactors proposal deadline to 31 March 2026, aiming to expand private sector engagement in the captive nuclear energy project.

Singapore distillate stocks rise above 10 million barrels

Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
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Chevron opens new tech hub in Bengaluru to support global projects

Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.

Russia increases oil production and nears OPEC+ quota

Russian oil output moved closer to its OPEC+ allocation in September, with a steady rise confirmed by Deputy Prime Minister Alexander Novak.

OIES maintains its Brent price forecast and adjusts oil market surplus projections

The Organization of the Petroleum Exporting Countries (OIES) confirmed its Brent price forecast at 69 USD/b in 2025 and 67 USD/b in 2026, while adjusting its 2025 surplus forecast to 280,000 barrels per day.

Macsen Labs Makes a Breakthrough with Its Prussian White Cathode Material for Sodium-Ion Batteries

Macsen Labs announces a major advancement with its Prussian White material for Sodium-Ion batteries. The company files a provisional patent and moves to the pilot-scale production phase.

Nayara modifies payment terms for naphtha export tender following EU sanctions

Following the imposition of European Union sanctions, Nayara Energy adjusted its payment terms for a naphtha tender, now requiring advance payment or a letter of credit from potential buyers.
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Europe records record LNG imports since April

Since early April, Europe has imported nearly 45 billion cubic meters (bcm) of liquefied natural gas (LNG), with storage prospects for winter putting pressure on gas prices.

Trump to impose 100% tariffs on buyers of Russian oil

US Senator Lindsey Graham announced that President Donald Trump plans to impose 100% tariffs on countries purchasing Russian oil, including China, India, and Brazil.

HyCC secures Dutch subsidy for its 90 MW H2eron hydrogen project

The Dutch government has granted major funding to HyCC for its H2eron electrolysis project, aimed at producing renewable hydrogen in the Delfzijl industrial zone.
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Rosneft denounces EU sanctions against Nayara Energy as illegitimate

Russian oil group Rosneft rejects EU sanctions targeting Nayara Energy, in which it holds a 49.13% stake, citing a breach of international law and a threat to India’s energy security.

Europe restricts diesel made from Russian crude, prices surge

The European ban on fuels refined from Russian crude is reshaping import flows, adding pressure to already low inventories and triggering an immediate diesel price rally.

Gutami Holding signs 150 MW solar deal with storage in Burkina Faso

Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
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Global demand could extend coal’s role beyond 2030

A report by Wood Mackenzie reveals that geopolitical pressures and rising global electricity demand could keep coal-fired generation elevated well beyond current forecasts.

Chevron completes $60bn acquisition of Hess after favourable arbitration

Chevron finalised the acquisition of Hess for nearly $60bn, after winning an arbitration case against ExxonMobil over pre-emption rights in Guyana.

European Union tightens sanctions on Russian oil to increase diplomatic pressure

The European Union lowers the price cap on Russian crude oil and extends sanctions to vessels and entities involved in circumvention, as coordination with the United States remains pending.
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China allocates $167.1bn for strategic dam in Tibet

Beijing has launched the construction of a colossal dam on the Yarlung Tsangpo, with $167.1bn in public investment, drawing attention from New Delhi and downstream states.

A US-sanctioned LNG vessel docks at Russia’s Arctic LNG 2 terminal

The Voskhod vessel, under US sanctions, docked at the Arctic LNG 2 plant in Russia, marking the second visit by a sanctioned ship to the site this year, according to maritime tracking data.

OPEC Cuts Forecasts but Anticipates Rising Oil Demand

OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
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European Union struggles to agree on new Russian oil price cap

Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.

Global battery storage market to reach $143bn by 2031

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%.

Serbia seeks new US sanctions waiver for NIS amid geopolitical tensions with Russia

Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
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First commercial seaweed harvest completed in Dutch offshore wind farm

North Sea Farmers has carried out the very first commercial-scale seaweed harvest in an offshore wind farm, supported by funding from the Amazon Right Now climate fund.

European Union finalises agreement to lower Russian oil price cap

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.