Ukraine

Ukraine prepares legal framework to accelerate small modular reactor deployment

A roadmap under development aims to establish regulatory and technical foundations for the deployment of small modular reactors, with the goal of strengthening national energy security and attracting private capital.

Naftogaz proposes integrating its gas storage into EU strategic reserve plan

Naftogaz urges the European Union to use Ukraine’s gas storage capacity as part of a strategic reserve system, while calling for the end of storage filling obligations after 2027.

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.
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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.

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.

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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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.

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.

Russia formally exits bilateral nuclear agreement with the United States

The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.
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Oil rises 1.3% after limited OPEC+ output increase

Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.

Ukraine plans to increase gas imports by 30% after Russian strikes

The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.

Belarus quadruples fuel exports to Russia in September

Rail shipments of Belarusian gasoline to Russia surged in September as Moscow sought to offset fuel shortages caused by Ukrainian attacks on its energy infrastructure.
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Tusk refuses to hand over Ukrainian suspect to Germany over Nord Stream sabotage

Polish Prime Minister Donald Tusk said it was not in Poland’s interest to extradite to Germany a Ukrainian citizen suspected of taking part in the explosions that damaged the Nord Stream gas pipelines in 2022.

Denmark strengthens maritime controls at Skagen Strait amid Russian shadow fleet activity

Denmark is intensifying inspections of ships passing through Skagen, a strategic point linking the North Sea and the Baltic Sea, to counter the risks posed by the Russian shadow fleet transporting sanctioned oil.

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.
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Ukrainian strike cuts power to 5,400 homes in Belgorod region

A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.

Ukrainian suspected in Nord Stream sabotage faces possible extradition

Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.

Europe commits €800bn to defence, destabilising strategic metals supply balance

The European rearmament plan intensifies pressure on critical metals supply chains, dominated by China, and in direct competition with other key industrial sectors.

Rosneft takes control of strategic rare earth deposit Tomtor in Siberia

State-owned oil group Rosneft has taken over the exploitation licence for the Tomtor rare metals deposit, marking the entry of hydrocarbons into a mining sector largely abandoned by private investors.

Turkey faces Russian control over its nuclear future at Akkuyu

Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.
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European Union sanctions 189 new Russian tankers used clandestinely

The European Union has expanded its measures against Russia by targeting nearly 200 new vessels illegally transporting oil, as part of its 17th sanctions package.

European Union pushes G7 to lower Russian oil price cap to $50

Brussels aims to persuade the G7 to reduce the Russian oil price cap to $50 per barrel, as part of negotiations on the next sanctions package targeting Moscow’s energy revenues.

Russia Challenges European Carbon Taxes at the WTO

Russia has filed a complaint with the World Trade Organization (WTO) challenging the European Union's Carbon Border Adjustment Mechanism (CBAM), deeming it discriminatory and protectionist towards its strategic commodity exports.
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Macron in Vietnam: France faces Russian-American nuclear agreements

Emmanuel Macron is visiting Vietnam as the country expands its nuclear partnerships, signing today an agreement with the American company Westinghouse, following recent cooperation with Russia, intensifying competition in this strategic market.

BRICS Warn of Energy Risks Linked to Economic Sanctions

The BRICS denounce economic sanctions and trade restrictions imposed by Western countries, warning of their consequences on global energy markets, especially regarding supply chains and financial stability in the energy sector.

European Union cuts Russian gas imports by 98 bcm since 2021

The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
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Turkey banks on 75 bcm gas field to ease import bill

Ankara announces the discovery of a new Black Sea gas reserve worth $30bn as part of its strategy to boost public investment in the energy sector.

OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks

The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+'s gradual production increases starting in 2025.

The European Union strengthens maritime sanctions on Russian oil exports

The European Union has approved a new package of sanctions targeting 345 vessels suspected of helping Russia circumvent restrictions on crude oil and refined product exports.
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The EU Maintains Its Goal to Ban Russian Gas Imports, Even After a Potential Peace Deal

Dan Jørgensen, European Commissioner for Energy, confirms that the EU will continue its ban on Russian gas imports, regardless of the outcome of peace negotiations in Ukraine, with legislative proposals expected in June.

Hanoi and Moscow accelerate nuclear power plant talks in Vietnam

Russia and Vietnam have signed a nuclear roadmap aimed at strengthening technological cooperation, including a commercial nuclear plant and a scientific centre by 2030.

Serbia negotiates renewal of gas contract with Russia ahead of expiration

Belgrade aims to retain favourable pricing terms for Russian gas imports as the current contract nears its May 31 deadline.
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Russia targets stable return to 10.8 million barrels per day

Deputy Prime Minister Alexander Novak says Russian oil production could reach a sustained level of 10.8 million barrels per day, supported by rising global demand and internal fiscal adjustments.

Oil prices rebound following trade deal between London and Washington

Oil prices climbed on Friday, supported by the signing of a trade agreement between the United States and the United Kingdom, reviving expectations of easing global tensions.

Ukraine submits strategic mining agreement with the United States for parliamentary vote

An agreement covering the exploitation of 57 types of natural resources is set for ratification by the Ukrainian Parliament, establishing a bilateral fund with Washington with no explicit military guarantees.
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Saudi Arabia offers titanium and aluminium to France to strengthen its industry

During a visit to France, the Saudi Minister of Industry presented the kingdom's titanium and aluminium as levers to reach agreements with French manufacturers and support the country’s industrial diversification.

US-China tariff war disrupts China’s petrochemical market

The increase in tariffs between the United States and China is radically reshaping China's petrochemical supply flows, threatening to raise costs and intensify supply challenges in an already strained strategic sector.