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Ember: Slow national ambitions hinder global tripling of renewables

The progress of national targets for renewable energy remains marginal, with only a 2% increase since COP28, threatening the achievement of the tripling of capacity by 2030 and impacting energy security.

Emerge signs 20-year solar agreement with Misk City to power an innovative urban model

Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.

The MENA renewable energy market will reach USD59.9 bn in 2030 driven by hydrogen and solar

Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.
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Saudi Arabia and Syria launch a strategic agreement for regional energy cooperation

The governments of Saudi Arabia and Syria conclude an unprecedented partnership covering oil, gas, electricity interconnection and renewable energies, with the aim of boosting their exchanges and investments in the energy sector.

Seoul and Tokyo strengthen cooperation to secure regional oil supply

South Korea and Japan are reinforcing coordination on strategic stocks and oil logistics as growing dependence on Gulf imports and geopolitical tensions affect the Asian market.

Allrig strengthens its presence in Saudi Arabia with strategic expansion in Al Khobar

The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
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OIES maintains its Brent price forecast and adjusts oil market surplus projections

The Organization of the Petroleum Exporting Countries (OIES) confirmed its Brent price forecast at 69 USD/b in 2025 and 67 USD/b in 2026, while adjusting its 2025 surplus forecast to 280,000 barrels per day.

SEPCO3 awarded EPC contract for 700 MW Yanbu wind energy project

Shandong Electric Power Construction Corporation No. 3 (SEPCO3) has signed an EPC contract for the construction of the 700 MW Yanbu wind energy project under Saudi Arabia's National Renewable Energy Program.

Europe restricts diesel made from Russian crude, prices surge

The European ban on fuels refined from Russian crude is reshaping import flows, adding pressure to already low inventories and triggering an immediate diesel price rally.
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Saudi Arabia signs agreements to export green hydrogen and electricity to Europe

ACWA Power has signed several agreements with European partners to develop a green energy export chain between Saudi Arabia and Europe, as part of the India-Middle East-Europe Economic Corridor project.

OPEC Cuts Forecasts but Anticipates Rising Oil Demand

OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.

ACWA Power, Badeel and SAPCO to invest $8.3bn for 15,000 MW of renewables in Saudi Arabia

Three major players commit to developing five solar plants and two wind farms, with commissioning scheduled between 2027 and 2028 as part of Saudi Arabia’s national programme.
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Asia accounts for 71% of new renewable capacity, Africa remains marginalised

Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.

Russia-Saudi Arabia trade increases by 60% to USD 3.8 billion

Trade between Russia and Saudi Arabia grew by over 60% in 2024 to surpass USD 3.8 billion, according to Russian Minister of Industry and Trade Anton Alikhanov, who outlined new avenues for industrial cooperation.

OPEC+ Significantly Raises Oil Quotas with Additional 548,000 Barrels

Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.
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Abu Dhabi Fund allocates $205mn to connect Gulf electricity grids

The Abu Dhabi Fund for Development has granted AED752mn ($205mn) financing to the Gulf Interconnection Authority to connect the electricity grids of the United Arab Emirates and Saudi Arabia, enhancing regional energy exchange.

Curve Energy Corp. signs strategic agreement with Saudi Aramco Technologies

Curve Energy Corp. has formalized a non-disclosure agreement with Saudi Aramco Technologies, allowing confidential exchanges of information as part of potential technological collaborations in the global market for low-sulfur marine fuels.

Pronur launches operations in Saudi Arabia to strengthen renewable energy solutions

Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
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Hormuz Threat: Producing Countries Face an Imminent Diplomatic Crisis

The potential closure of the Strait of Hormuz places Gulf producers under intense pressure, highlighting their diplomatic and logistical limitations as a blockage threatens 20 million daily barrels of hydrocarbons destined for global markets.

Iran Nuclear: An acknowledged capability long kept quiet

Confidential reports from the IAEA and multiple intelligence agencies confirm Iran's uranium enrichment to weapons-grade levels, contradicting Tehran's official statements. EnergyNews.pro retraces the evolution of Iran's nuclear program since 2015, three years before the Trump administration's withdrawal from the nuclear agreement.
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Renewable energies: TOTAL steps up its presence in India

Total and Adani subsidiary AGEL have set up a joint venture to increase their renewable energy portfolio in India from 2.1 GW to 2.3 GW through new solar power plants. This collaboration reinforces Total's commitment to renewable energies in India, contributing to the country's ambition to become a regional leader in this sector.

Hydroelectricity: World Bank invests in Pakistan

The World Bank is investing $1.15 billion in hydropower in Pakistan, boosting renewable energy production and creating new infrastructure to transform the energy landscape and reduce dependence on oil.
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