Ukraine

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.

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.
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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.
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.

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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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.
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.

Hungary Seeks U.S. Support After New Disruptions on the Druzhba Pipeline

Amid repeated disruptions on the Druzhba pipeline, attributed to Ukrainian strikes, Hungary has requested U.S. support to secure its oil supply.
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First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.

Ukrainian Arrested in Italy for Alleged Role in Nord Stream Sabotage

A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
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A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.

Russian Oil Deliveries to Hungary and Slovakia Suspended After Strike

Oil flows to Hungary and Slovakia via the Russian Druzhba pipeline have been halted, following an attack Budapest attributes to repeated Ukrainian strikes.
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Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
A Dragos report reveals the scale of cyber vulnerabilities in global energy infrastructures. Potential losses reach historic highs.

Canada joins EU and G7 to lower the Russian oil price cap

The Canadian government adopts a new dynamic cap of $47.60 per barrel for Russian oil, aligning its position with that of the European Union and the United Kingdom.
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Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.
The visit of India's national security adviser to Moscow comes as the United States threatens to raise tariffs on New Delhi due to India’s continued purchases of Russian oil.
Lukoil resumes oil exports via the Druzhba pipeline to Slovakia and Hungary after concluding transit agreements with MOL, bypassing Kyiv's sanctions.
Spot prices for liquefied natural gas in Europe are in difficulty compared with long-term oil-indexed contracts, due to persistently low crude oil prices and winter uncertainties.

Lukoil: Slovakia and Hungary step up imports despite sanctions

Following sanctions on Lukoil, Slovakia and Hungary are increasing their imports of Tatneft crude via the Druzhba pipeline, underlining the complexity of energy security in Central Europe.
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Re-elected with 95% of the vote, Abdelmadjid Tebboune is strengthening his strategic alliances with Russia and Italy, and stepping up investment in gas, nuclear and renewable energies. But this approach raises questions about economic sustainability and the risks of dependency.
Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), warns of threats to the Kursk and Zaporizhia nuclear power plants, which are exposed to military tensions in Russia and Ukraine.

Ukraine stops Russian gas transit, but to what effect?

The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies. This article analyzes the economic, geopolitical and logistical consequences for the various players involved.
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The IAEA expresses its concerns about the safety of the Kursk and Zaporizhia nuclear power plants, threatened by armed conflict in Ukraine, during a meeting between Rafael Grossi and Volodymyr Zelensky.
Abdelmadjid Tebboune, Algerian President and candidate for re-election, is focusing his strategy on economic reforms against a backdrop of dependence on hydrocarbons and criticism of the political status quo.

French diesel prices back to pre-Ukrainian conflict levels

Diesel prices fall to €1.60/L, returning to pre-Russian invasion levels, despite the volatility of the oil market.
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Despite high European inventories, the global LNG market remains exposed to supply risks and growing demand from Asia and Latin America, fuelling tensions ahead of winter.
After a confused communication, Ukraine confirms the continuation of Russian oil transit via the Druzhba pipeline until 2029, alleviating the concerns of its European partners and underlining the importance of this energy axis for Central Europe.

Hungary persists with Gazprom despite EU energy policy

Hungarian Foreign Minister Peter Szijjarto discusses energy supplies with Gazprom CEO Alexei Miller in Russia, a move that heightens tensions with the European Union.
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Liquefied natural gas (LNG) prices in Asia continue to climb relative to the US, buoyed by geopolitical tensions and global supply disruptions, reflecting an energy market under pressure.
Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.

Ukraine interrupts Russian gas transit: immediate impact for Europe

Ukraine is terminating its gas transit contract with Gazprom from December 31, 2024, a move that will disrupt energy flows to Europe and heighten geopolitical tensions.
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The European Bank for Reconstruction and Development (EBRD) plans to conclude several loan agreements in Ukraine to strengthen the energy sector before winter, in the face of the challenges posed by Russian attacks.
The International Atomic Energy Agency (IAEA) is monitoring the Kursk nuclear power plant as Ukraine steps up its offensive in the Russian border region.

Norway could break its natural gas export record in 2024

Norway, Europe's main gas supplier, is on track to exceed its 2017 record, with exports up 10% in the first half of 2024.
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Recent Russian strikes have severely damaged Ukraine's energy infrastructure, causing significant power cuts and disrupting rail operations. The Ukrainian authorities are calling for international cooperation to strengthen the resilience of the network.
Hedge funds' long positions continue to have a strong influence on the volatility of the European natural gas and LNG market, in response to geopolitical risks and global supply variations.