Ukraine

Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.

Iran and IAEA sign technical agreement to restart nuclear inspections

Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.
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Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
The Grand Ethiopian Renaissance Dam is now fully operational, with a planned capacity of 5,150 MW, marking a key step in the country’s energy deployment.

Jordan ready to export electricity to Syria pending grid connections

Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.
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Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.

Two sanctioned Russian LNG carriers deliver to China despite restrictions

The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
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The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
Eight OPEC+ members will meet to adjust their quotas as forecasts point to a global surplus of 3 million barrels per day by year-end.

Greek shipowners cut Russian crude links under new compliance rules

Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.

Italy seeks energy guarantees in potential sale of IP to SOCAR

The Italian government is demanding assurances on fuel supply security before approving the sale of Italiana Petroli to Azerbaijan's state-owned energy group SOCAR, as negotiations continue.
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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.
The new Russian railway line linking the Elga mine to the Sea of Okhotsk port will reach full capacity in 2026, after an operational testing phase scheduled for 2025.

Indian imports of Russian oil rise 15% in first half of 2025

India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.
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Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
Orano loses control of its subsidiary in Niger: 1,150 tons of uranium blocked
Amarenco announces an international €500 million financing deal to support its solar projects in Europe, solidifying its strategic positioning in key markets.

OPEC+ Extends Oil Cuts Until 2025 to Stabilize Prices

Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
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A leak detected on a branch of the Druzhba pipeline in Poland reignites debates on the security of energy infrastructures in Europe amid geopolitical tensions and reliance on strategic networks.
China plans to transform its carbon policy by introducing total emission caps by 2030, according to its climate envoy Liu Zhenmin, marking a significant step toward stronger environmental commitments.

Completion of the “Power of Siberia” Gas Pipeline: Strategic Implications for Russia and China

Russia and China complete the "Power of Siberia" gas pipeline six months ahead of schedule. This strategic infrastructure, designed to transport 38 billion cubic meters per year, is reshaping Eurasian energy and economic dynamics.
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Qatar will supply China with 3 million tons of liquefied natural gas annually starting in 2025, under a long-term agreement with Shell, reinforcing its position in the Asian and global LNG market.
The historic hearings at the International Court of Justice aim to clarify the legal responsibilities of states in combating climate change, a move initiated by Pacific island nations seeking climate justice.

Gazprom Reduces Its Investment Budget for 2025 by 7%: China in Focus

Gazprom sets its 2025 investment budget at 1.52 trillion rubles, marking a notable reduction. The focus remains on China with the expansion of the "Power of Siberia" pipeline to meet growing demand.
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HSFO premiums in Singapore fall in December as geopolitical tensions and limited demand from Chinese refineries signal persistent volatility in marine fuel markets.
Elengy, a leading French LNG terminal operator, has implemented measures to comply with European sanctions banning the transshipment of Russian LNG starting March 2025.

The United States Outpaces Russia in Diesel Deliveries to Brazil This Week

For the week ending December 8, the United States is expected to become Brazil’s leading diesel supplier, delivering 6% more than Russia, according to preliminary data from S&P Global.
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Amid weakened global demand, the rise of U.S. shale oil, and internal divisions, OPEC+ seeks to preserve its influence on prices while adapting its production strategy.
The new HPCL Rajasthan Refinery Ltd. integrated refinery is set to transform India's petrochemical sector. With an annual capacity of 9 million tons, it aims to reduce petrochemical imports and increase refining margins.

Goldman Sachs forecasts a Brent price drop to $76 in 2025

The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.
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OPEC+ members meet amidst tensions over production targets, global economic uncertainties, and weak demand, particularly in China.
Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.

Putin visits Kazakhstan: energy cooperation and geopolitical stakes

Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.
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A major contract has been signed between Bolivia and Hong Kong CBC Investment for the construction of two lithium carbonate plants, strengthening the country's strategic position in the renewable energy sector.
Turkey seeks a waiver from U.S. sanctions to continue paying for its gas imports via Gazprombank, which is critical to its energy security, according to Turkish Energy Minister Alparslan Bayraktar.