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Russia increases oil exports from western ports by 11% in September
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+ approves 137,000 barrels/day increase starting in October
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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OPEC+ prepares for decisive debate on quotas amid surplus risk
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.

Zelensky urges Slovakia to stop buying Russian oil via Druzhba pipeline

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.
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Transneft strategic site targeted in Russia strike
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.
Oil flow via Druzhba to Germany restored after drone strike
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.

Russia targets 30 million tons of coal transported via Pacific Railway by 2026

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.
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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.
Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project
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.

T Plus to maintain electricity production at 57.6 TWh in 2025

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.
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Indonesia and Eurasian Economic Union to sign free trade deal by end of 2025
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.
Putin asks Slovakia to block energy flows to Ukraine
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.

Moscow and Bratislava discuss the Ukrainian conflict and energy cooperation

Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
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Aramco and SOMO suspend crude supplies to India’s Nayara Energy
Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
Rosatom prepares new nuclear projects in India and Turkey
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.

Hungary launches pipeline with Serbia despite regional supply tensions

Budapest plans to complete a new oil link with Belgrade by 2027, despite risks of dependency on Russian flows amid ongoing strikes on infrastructure.
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Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024
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.
Fico to meet Putin in China before hosting Zelensky in Slovakia
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.
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Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
Greek shipowners cut Russian crude links under new compliance rules
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
International agreement to triple nuclear capacity by 2050
The agreement signed by 22 countries at the Climate Change Conference in Dubai aims to triple global nuclear capacity by 2050, marking a decisive turning point in the fight against global warming.
Emirati emissions: shock revelations at COP28
Al Gore raises major concerns about UAE greenhouse gas emissions at COP28, denouncing the impact of Adnoc.

Lula confirms that Brazil will join OPEC+.

Brazilian President Lula announced Brazil's membership of OPEC+ at COP28 in Dubai, marking a strategic turning point for the country in preparing for the world's fossil fuel-free energy transition. This decision, while attracting criticism, reflects the complexities of today's energy and climate diplomacy.
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Stable oil supplies in Asia despite OPEC+ cuts
Despite recent OPEC+ production cuts, Middle Eastern suppliers continue to ensure a stable supply of crude oil to their Asian customers, preserving long-standing commercial relationships.
OPEC+ oil supply reduction: challenges and prospects
OPEC+ is committed to further voluntary cuts in oil supply, an ambitious strategy aimed at stabilizing the market in an uncertain economic climate.

NGO denounces TotalEnergies’ mercantile ambitions with Russian LNG

TotalEnergies finds itself at the heart of the debate as the NGO Global Witness calls for a ban on Russian gas imports into Europe to prevent financing Moscow's "war machine".
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The United States imposes new sanctions on Russia
New US sanctions against Russia hamper its energy ambitions. The impact is being felt by oil companies and their executives, while Russia explores bypass strategies in Asia and faces tensions within OPEC+.
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Zaporijjia power plant: IAEA still denied access to roofs
The International Atomic Energy Agency (IAEA) expresses its regret for the lack of inspection of the roofs of the Zaporizhia nuclear power plant, where accusations of placement of mines or explosives by Russian forces occupying the site have been made by Ukraine. IAEA experts are still awaiting access to the roofs of reactor buildings to investigate allegations of nuclear provocation in the volatile security context of this front-line conflict region.

Putin launches Arctic LNG 2 liquefied natural gas mega-project

Vladimir Putin inaugurates Arctic LNG 2, a colossal gas project in the Arctic, despite the withdrawal of TotalEnergies. Environmental and geopolitical issues intersect at the heart of this ambitious Russian initiative.
Bulgaria and Ukraine sign nuclear energy agreement
Bulgaria and Ukraine have given concrete expression to their commitment to energy by signing an agreement to strengthen cooperation in the nuclear field, infrastructure protection and energy efficiency.
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Nord Stream: Russia summons three European ambassadors
Russia has summoned the ambassadors of Germany, Denmark and Sweden to express its dissatisfaction with the investigation into the Nord Stream pipeline explosion. Despite eight months of investigations, the responsibility for this underwater attack remains a mystery.

Venezuela: Washington extends operating permits for 4 oil companies

The United States has renewed the license of four U.S. oil companies to operate in Venezuela for six months, despite the current embargo on Venezuelan oil. This relaxation of sanctions is intended to ensure the safety of personnel and the functioning of operations.
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Russia says it has arrested Ukrainian “saboteurs” who were targeting nuclear plants
Ukrainian "saboteurs" were planning attacks on Russian nuclear power plants, but were arrested by Russian security services with seized explosives.
Gazprom’s net profit to fall in 2022, the year of sanctions on Russian gas
Russian state-owned giant Gazprom has reported a 41.4% drop in net profit in 2022, to 14.2 billion euros, due to a drop in gas exports to Europe as a result of the conflict in Ukraine, heavily impacted by Western sanctions.

France: Macron defends energy projects in Mongolia

Emmanuel Macron, the first French president in Mongolia, promotes an energy partnership during a symbolic visit to the country between China and Russia. He also defends Orano's bid for a uranium mining project and is committed to facilitating Mongolia's ecological transition.
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G7: Controversial decision on gas investments
The G7 made a controversial decision to support gas investments, drawing criticism from environmental activists and fueling debate about its impact on global climate goals.
Russia’s oil price cap hit its targets, says U.S. Treasury report
The cap on Russian oil prices imposed by the EU, G7 and Australia has met its objectives, according to a US Treasury report. Russian oil exports increased in April 2023 compared to March 2022, but Russia is having difficulty finding buyers for its crude.

European natural gas prices at two-year lows as summer approaches

European natural gas prices are hitting a new low due to comfortable storage levels and rising temperatures, while the European Union is trying to prevent a further price spike by launching bulk gas purchases to replenish stocks before winter.
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Borrell urges EU to crack down on Indian fuel imports made with Russian oil
The European Union warns India against reselling Russian oil in Europe as refined fuel. Concerns about this practice, which is considered a violation of the sanctions, are prompting the EU to call for strict measures.
Russian oil exports reach peak since Ukraine invasion (IEA)
Russian oil exports reach record levels despite Western sanctions, reports the IEA. Global oil demand is expected to continue to grow in 2023, according to the same source.
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