Ukraine

Brent under pressure: traders expect prices to fall towards $60

Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

Shell calls for stability and predictability in US policies

Shell CEO Wael Sawan calls for stable energy policies in the US to attract investment in LNG and renewable energy projects.

Russian LNG exports to Europe fall by 10% in 2023

According to a GIIGNL report, Russian LNG exports to Europe are set to fall by 10% in 2023, while the global LNG market is experiencing a slowdown.

Russian oil exports fall in May, India reduces purchases

In May, Russian crude oil exports fell by 10% to 3.52 million barrels per day, a six-month low, as flows to India contracted.
Chute des exportations de pétrole russe en mai, l'Inde réduit ses achats.

Norway reassures of imminent recommissioning of Langeled

Europe's indispensable supplier of liquefied natural gas eases tensions. Norwegian pipeline operator Gassco announced on Tuesday that the Langeled pipeline, linking Norway to the UK and temporarily closed after a leak, should be back in service by Friday.

Dutch PM urges Germany to buy TenneT Germany

Dutch Prime Minister Mark Rutte urges the German government to rapidly finalize its offer to acquire TenneT Germany, a subsidiary of the Dutch electricity grid TenneT.

Safety of Zaporizhzhia restart in question according to IAEA

Rafael Grossi, Director of the IAEA, believes that the resumption of the Russian-controlled Zaporizhzhia nuclear power plant is risky as long as the conflict in Ukraine continues.

EU Launches Pilot Mechanism to Boost Hydrogen Market

The European Commission introduces a new pilot mechanism to strengthen the hydrogen market, facilitating investment and exchanges between suppliers and consumers.

Japan-EU Hydrogen Demand and Supply Development Agreement

Japan and the European Union are joining forces to stimulate the demand and supply of clean hydrogen, aimed at gradually replacing fossil fuels.
Accord politique offre hydrogène

Russia-China gas deal on hold due to Beijing’s demands

Negotiations between Russia and China on the Power of Siberia-2 gas pipeline project have stalled due to price demands deemed excessive by Moscow.

United States: Democrats call for investigation into oil collusion

Democratic senators urge the DOJ to investigate big oil's collusion to raise gas prices, accusing Scott Sheffield of being behind it.

EU proposes sanctions on Russian LNG with no impact on Asia

The European Commissioner for Energy, Kadri Simson, assures us that the new European sanctions against Russian LNG transshipment will not affect Asian buyers.
Sanctions UE sur le GNL Russe Asie

Mali launches Safo solar power plant with China

The Malian government has launched the construction of a 100 MWp solar power plant in Safo, in partnership with China, to address electricity shortages.

Closure of Norway’s Sleipner hub pushes up European gas prices

The closure of the Sleipner offshore hub in Norway led to a sharp rise in European gas prices, reaching their highest level in 2024.

U.S. Senators Call for Oil Price Inquiry

More than twenty Democratic senators are calling for a Justice Department investigation into suspected price-fixing in the US oil industry.
Enquête sur l'entente des prix

EDF finalizes acquisition of General Electric’s nuclear activities

Emmanuel Macron announces the official takeover of General Electric's nuclear activities by EDF, strengthening French energy sovereignty.

Asian refiners want OPEC+ to maintain production cuts

Asian refiners want OPEC+ to maintain production cuts to ensure stable oil prices and refining margins

Antarctic prospecting: Russia and the UK play down suspicions

The UK and Russia play down suspicions of oil prospecting in Antarctica, asserting the scientific nature of Russian research.
Soupçons Prospection Antarctique

Agreement between Rosatom and Uzbekistan for several modular units

During Vladimir Putin's state visit to Uzbekistan, a historic contract for the construction of a modular nuclear power plant was signed between Rosatom and Uzbekistan.

Glencore defends its commitment to coal despite criticism

Glencore's CEO defends the company's commitment to coal, stressing its short-term necessity for the global energy transition.