Ukraine

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.

Brussels moves forward with plan to eliminate Russian oil and gas imports by 2028

Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.
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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.

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.

JANAF and MOL begin crucial talks on Central European oil transport

Hungarian oil group MOL and Croatian operator JANAF are negotiating an extension of their crude transport agreement as the region seeks to reduce reliance on Russian oil.
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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.

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.
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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.

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.
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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.

Opec+ raises production by 137,000 barrels per day in November

Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.

Rosatom completes welding of El Dabaa reactor, marking key industrial milestone for Egypt

Welding of the main reactor for Egypt’s El Dabaa nuclear power plant has been completed in Russia, marking a major milestone in the development of the country's first civilian nuclear programme.

Carbon prices rise in the UK and EU, driven by gas and ETS linkage talks

British and European carbon markets extended gains, boosted by geopolitical tensions and prospects of aligning emissions trading systems.

Germany detains Russian shadow fleet tanker after engine failure

A Panama-flagged vessel suspected of belonging to the Russian shadow fleet was detained by German customs after suffering an engine failure in the Baltic Sea in January.
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Iraq and the United Arab Emirates submit compensation plans to OPEC+ after oil overproduction

Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.

Zelensky: Between Europe and the United States, the Crucial Choice for Ukraine’s Geopolitical Future

Amidst war and geopolitical uncertainty, Ukraine must choose between European influence and the strategic promises of the United States, a choice that could redefine its economic and security future, particularly in terms of natural resources.

Trump and Putin plan talks on sharing rare earth resources in Ukraine

Donald Trump and Vladimir Putin are set to discuss the sharing of rare earth resources in Ukraine on Tuesday, including energy production plants and territories rich in raw materials. These resources are at the heart of the ceasefire negotiations.
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Russia and Venezuela strengthen their energy cooperation

Presidents Vladimir Putin and Nicolás Maduro announced an agreement to expand their cooperation, particularly in the energy sector. This initiative comes amid increased U.S. sanctions against Caracas.

TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted

TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.

China, Russia and Iran meet in Beijing to discuss Iranian nuclear programme

A tripartite meeting between China, Russia and Iran will be held in Beijing to address the Iranian nuclear dossier as tensions surrounding Iran's nuclear programme continue to rise.
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The EU increases imports of American LNG amid trade war with the United States

In the context of growing trade tensions with the United States, the European Union strengthens its imports of American liquefied natural gas (LNG) to diversify its energy sources and reduce its dependence on Russian gas.

Trump unveils energy policy in Houston, focuses on fossil fuels

The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.

Bangladesh: IAEA inspects Rooppur nuclear power plant ahead of commissioning

The International Atomic Energy Agency has begun an assessment visit to the Rooppur nuclear power plant, Bangladesh’s first facility, 90% financed by Russia. The inspection focuses on site safety ahead of the scheduled fuel loading in 2025.
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Orano secures €400M loan from EIB for uranium enrichment plant expansion

Orano has secured a €400 million loan from the European Investment Bank to finance the expansion of its Georges Besse II uranium enrichment plant at Tricastin, aiming to increase its capacity by 30% by 2028.

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.

Orano signs contract with Energoatom for uranium enrichment

French group Orano has signed an agreement with Energoatom to provide uranium enrichment services until 2040. This collaboration aims to reduce Ukraine's reliance on Rosatom, the Russian nuclear giant.
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Russia and Myanmar sign deal for construction of nuclear power plant

Russia and Myanmar have signed an agreement for the construction of a small nuclear power plant in Myanmar. The project aims to provide affordable energy for Myanmar’s economy while strengthening bilateral relations.

France, Europe’s main importer of Russian LNG in 2024

In 2024, France maintained its position as the leading importer of Russian liquefied natural gas (LNG) in Europe, despite an overall decline in its gas consumption.

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.
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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.

Russia accuses Ukraine again of attacking the TurkStream pipeline

Russia has once again accused Ukraine of attacking the TurkStream pipeline with drones, marking the second attack in two months aimed at disrupting Russian gas deliveries to Europe.