Yemen

Unipec redirects supertanker to Ningbo after US sanctions

The New Vista vessel, loaded with Abu Dhabi crude, avoided Rizhao port after the United States sanctioned the oil terminal partly operated by a Sinopec subsidiary.

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.

India invests $77 billion in large-scale hydroelectric plan amid China tensions

New Delhi plans to allocate INR6.4tn ($77bn) to develop transmission infrastructure for 76 GW of electricity from the Brahmaputra Basin by 2047, amid growing cross-border pressures.
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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.

Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Engie and Masdar secure 1.5 GW solar project in Abu Dhabi

The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
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Electricity access stalls with 730 million people still unconnected in 2024

Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.

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.

India extends small reactor tender by six months to broaden industrial participation

Nuclear Power Corporation of India Ltd has pushed the Bharat Small Reactors proposal deadline to 31 March 2026, aiming to expand private sector engagement in the captive nuclear energy project.
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Aramco takes control of Petro Rabigh with $702 million acquisition

Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.

Singapore distillate stocks rise above 10 million barrels

Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.

Chevron opens new tech hub in Bengaluru to support global projects

Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
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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.

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.

Sembcorp acquires ReNew’s solar unit in India for $190mn

Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
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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.

Sunsure commissions 82.5 MW solar plant in Uttar Pradesh

Indian developer Sunsure Energy has inaugurated a new solar plant in Jhansi, bringing its projects in Uttar Pradesh to ten, and targeting 500 MW capacity in the state by the end of fiscal year 2025-2026.

Framatome opens a base in India and strengthens nuclear partnerships

Framatome inaugurates a site in Navi Mumbai to support life-extension programmes and new builds, in coordination with Électricité de France and local partners, with a view to 100 GW of nuclear capacity in 2047.

Trump urges NATO to halt all Russian oil purchases by member states

The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.
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International Petroleum repurchases 59,454 shares under its NCIB programme

International Petroleum Corporation repurchased 59,454 common shares between 15 and 19 September, under its ongoing share buyback programme compliant with Canadian and European regulations.

Russia shifts coal exports toward Asia, expert says

Facing Western restrictions, Russia plans to increase coal deliveries to China, India and Turkey, according to a recent presentation on the sector’s outlook.

ACWA Power partners with Larsen & Toubro for 4 GW hydrogen complex in Yanbu

ACWA Power and Larsen & Toubro will collaborate on renewable infrastructure for a green hydrogen project in Yanbu, Saudi Arabia, targeting 4 GW of electrolysis capacity by 2030.
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European Union targets 118 tankers and two Russian giants in its 19th sanctions package

The European Commission seeks to block Russian oil flows through new bans targeting Rosneft, Gazprom Neft, foreign refineries and vessels operating outside the regulatory framework.

OMV fires executive accused of links to Russian espionage in Vienna

OMV terminated the contract of one of its executives after suspicions of spying for Russia, prompting the Austrian Ministry of Foreign Affairs to summon a Russian diplomat.

Brussels seeks to ban Russian liquefied natural gas from January 2027

The European Commission proposes bringing forward by one year the ban on imports of Russian liquefied natural gas, as part of a new sanctions package backed by Washington.
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India secures a 15-year contract with the Seabed Authority

New 15-year agreement for the exploration of polymetallic sulphides in the Indian Ocean, making India the first country with two licences and the largest allocated perimeter for these deposits.

Statkraft sells a 150 MW hydropower project in India to JSW Energy

Norway’s Statkraft continues its exit from the Indian market with the sale of its Tidong hydropower project to JSW Energy, which strengthens its asset portfolio in Himachal Pradesh.

Brussels seeks to accelerate ban on Russian LNG in 19th sanctions package

The European Commission is preparing a new sanctions package including an accelerated ban on Russian liquefied natural gas, with negotiations already underway among member states.
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Russia and Indonesia overtake Australia in South Korea’s thermal coal supply

Port congestion in Australia has boosted Russian and Indonesian coal exports to South Korea, with both now dominating the market due to lower prices and reliable delivery schedules.

Framatome launches operations in India to support nuclear development

Framatome has opened a new site in Navi Mumbai, marking a strategic step in its expansion into the Indian nuclear market, as the country targets 100 GW of installed capacity by 2047.

Oil industry could unlock 1,000 billion barrels through AI recovery methods

A new analysis estimates that existing oil fields could yield up to 1,000 billion additional barrels without major new discoveries, using proven methods supported by artificial intelligence.
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Waaree Sustainable Finance invests in Warehouse Now to capture India’s logistics potential

Waaree Sustainable Finance has announced a strategic investment in Warehouse Now, a fast-growing on-demand warehousing company in India, reinforcing the group’s focus on structurally high-return sectors.

Novatek redirects 70,000 tonnes of condensate to Novorossiisk after Ust-Luga incident

Russian producer Novatek rerouted part of its gas condensate output to the port of Novorossiisk, following a temporary shutdown at its Ust-Luga complex after a drone attack caused a fire.

Kazakhstan resumes crude exports via BTC after one-month technical halt

KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.
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Poland urges European Union to end Russian oil imports by 2026

Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.

Brussels and Washington prepare new energy sanctions against Moscow

The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.