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.
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.
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.
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.
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.
India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.
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.
Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
Russia is approaching its crude oil production quota under the OPEC+ agreement, said Alexander Novak.
However, challenges remain in meeting the reduction targets.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
The USA and Ukraine are jointly working on a plan to rebuild Ukraine's post-conflict energy grid, integrating secure nuclear technologies and renewable energies.
The Commission de régulation de l'énergie (CRE) reveals that tariff shields for gas and electricity cost 20.4 billion euros between 2022 and 2023, in order to protect consumers against soaring prices.
The boom in renewable energies is leading to an increase in negative price hours on the electricity market, highlighting the challenges of balancing the grid.
Portugal plans to achieve a 93% share of renewable energies in its electricity consumption by 2030, according to an updated draft of its energy and climate plan.
The European Commission has opened an investigation to verify whether Belgian public support for the extension of the Doel 4 and Tihange 3 nuclear reactors complies with EU state aid rules.
The Tuapse refinery in Russia came under Ukrainian drone attack, causing a fire that was quickly brought under control.
This is the first attack on a refinery in over a month.
Hungary accuses Ukraine of blocking Russian oil deliveries transiting through its territory, and is asking the European Union to intervene to resolve this conflict, which threatens its energy security.
Venezuela, with the world's largest oil reserves, is struggling to revitalize its oil industry despite sanctions, pollution of Lake Maracaibo and environmental challenges.
