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.
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
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.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
At the World Economic Forum in Riyadh, Patrick Pouyanné, CEO of TotalEnergies, criticized the current development of green hydrogen as still at an "embryonic stage", and promoted biofuels as a priority solution for reducing emissions.
Ukraine is suffering the consequences of an intensive Russian missile offensive on its energy infrastructure, causing extensive damage to several thermal power plants and leading to power cuts. In retaliation, Ukraine attacked refineries in Russia with drones.
The European Commission has given the go-ahead for a 300 million euro subsidy to Nuward, an EDF subsidiary, for the development of SMRs aimed at strengthening the European Union's decarbonization and energy autonomy.
Nuclear power is gaining ground, prioritized as a key solution to climate change at the COP in December 2023. A major challenge lies ahead for 2050, despite the geopolitical challenges.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Ukraine has recently stepped up its attacks on Russian territory. Ukrainian drones specifically targeted critical energy infrastructure in eight regions, impacting a fuel depot and three power substations.
Ukraine's energy crisis is worsening following repeated attacks on its power infrastructure. The Ukrainian Ministry of Energy and the operator DTEK are calling for moderate electricity consumption.
Ukraine consolidates its energy security by intensifying its collaboration with Holtec International for the deployment of modular reactors and spent fuel management.
