Chine

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.

India rejects Trump’s tariff threats over Russian oil purchases

New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.

Aramco maintains resilience with $24.5 billion profits in second quarter 2025

The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
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China launches 60 GW hydropower dam and creates dedicated public group

A 60-gigawatt hydropower dam under construction in Tibet will increase national capacity by 16%, with an estimated cost of $167bn supported by a new state entity.

Chinese oil companies strengthen their presence in the Iraqi market

Independent Chinese oil companies are intensifying their investments in Iraq, aiming to double their production to 500,000 barrels per day by 2030 and compete with the sector’s historic majors.

OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes

The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
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India navigates between US sanctions and Russian oil dependence

Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.

FRV partners with Envision for a 500MW green ammonia project in Brazil

Fotowatio Renewable Ventures joins forces with Envision Energy for the H2 Cumbuco project, aiming for a 500MW green ammonia plant targeting Brazilian, European, and Asian markets.

First Solar raises annual outlook after new import tariffs

First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
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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.

US-Brazil trade war opens pathway for China and Europe in Latin America

The 50% tariffs push Brasília toward accelerated commercial integration with Beijing and Brussels, reshaping regional economic balances.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
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US wind energy sector faces political and tariff headwinds in 2025

The US wind market recorded 91% growth in the first quarter of 2025, but new regulatory restrictions and the planned end of tax credits threaten the sector’s future.

Trump revokes 3.5 million acres dedicated to US offshore wind

The Trump administration cancels federal offshore wind zones, threatening 77,000 jobs and $12bn in annual investments in a sector currently employing 120,000 people.

Schneider Electric posts record half-year results driven by data centre demand

Schneider Electric’s revenue reached EUR19.3bn in the first half, supported by strong data centre activity and growth across all its main markets.
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SANY launches 10 MW solar project in Zimbabwe with unique EP+F model

SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.

Global electricity demand set for robust growth until 2026 despite economic pressures

Global electricity demand is projected to grow steadily through 2026, driven by industrial expansion, data centres, electric mobility and air conditioning, with increasing contributions from renewables, natural gas and nuclear power.

CNOOC Limited strengthens gas capacity with Dongfang 1-1 13-3 project

The launch of the Dongfang 1-1 13-3 project by CNOOC Limited marks a milestone in offshore gas development in China, bringing new investments in infrastructure and regional production.
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EU–US energy deal faces global market realities

The European commitment to purchase $250bn of American energy annually raises questions about its technical and economic feasibility in light of limited export capacity.

Global geothermal investments projected to reach $13.56bn by 2030

The rise in investments and the boom in binary cycle technologies are placing geothermal energy at the heart of global energy strategies, driven by heat pump demand and Asian ambitions.

Falling oil prices: OPEC+ struggles to reverse the trend

Brent crude oil prices hit their lowest level since March 2023. OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.

Cour des Comptes criticizes France’s fiscal governance of the energy sector

The Cour des Comptes (French Audit Office) questions the effectiveness of France's energy tax system, arguing that it is not aligned with climate objectives, and suggests a reform of its governance.

China: Huasun delivers 1.8 GW of HJT modules for 4 GW solar project

Huasun Energy supplied 1.8 GW of HJT solar modules in three months for China Green Development Investment Group's 4 GW project in Ruoqiang, Xinjiang, China.
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BMW and Toyota join forces to produce hydrogen-powered cars by 2028

BMW has announced mass production of its first hydrogen-powered car for 2028, in collaboration with Toyota, despite the infrastructure and cost challenges associated with this niche technology.

Sovcomflot maintains its share of Russian non-G7 oil exports at 80%.

Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August. New U.S. sanctions increase pressure to reduce Russian revenues.

Sanctions: Russian maneuvers to exploit the Arctic fail

The United States is stepping up its pressure on Russia's Arctic LNG 2 project by imposing new sanctions against companies and vessels involved, further complicating Moscow's liquefied gas export capabilities.
Arctic LNG 2 site, Russia

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.

US Treasury warns: Energy credit cuts threaten economy

U.S. Treasury Secretary Janet Yellen warns that eliminating clean energy tax credits would drive up household energy costs and hamper industrial investment crucial to U.S. competitiveness.

OPEC+ Extends Production Cut to Stabilize Oil Prices

Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
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Volvo Cars adjusts its 2030 electric target to meet infrastructure challenges

Volvo Cars is lowering its target for 100% electric sales by 2030, due to delays in the development of charging infrastructure and regulatory changes.

Fuel price hikes in Nigeria: a reform that shakes up the economy

The abolition of fuel subsidies in Nigeria has led to soaring petrol prices, directly impacting the national economy and the living conditions of the population, against a backdrop of record inflation and currency devaluation.

Brent crude falls to a 9-month record low: Markets in a state of uncertainty

Brent crude prices fell sharply on expectations of a rapid resumption of Libyan exports and possible adjustments to OPEC+ production cuts.
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Industry: The Franco-German contrast in decarbonization

A study by McKinsey and La Fabrique de l'Industrie highlights the marked differences between France and Germany in their industrial strategies for reducing emissions, highlighting divergent priorities in terms of energies and sectors.

Russian oil exports down on Asian demand

Exports of Russian petroleum products fell sharply in August, to a level not seen since the pandemic, due to weaker demand in Asia and a shift towards the domestic market.

Smeaton BESS: Go-ahead for 228MW storage facility in the UK

The Scottish Government approves the Smeaton BESS, a 228 MW energy storage project by Kona Energy, designed to enhance grid management and reduce constraint costs in the UK.
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Astronergy delivers 1 GW of solar modules for projects in Algeria

Astronergy supplies 1 GW of solar modules to Algeria, supporting the development of 2,000 MW of photovoltaic power plants as part of the country's energy strategy.

Climate: Strategic dialogue between the United States and China ahead of COP29

Climate envoys from Washington and Beijing are meeting this week to strengthen cooperation on energy and climate policies, ahead of COP29 in Azerbaijan.

Saudi Arabia: Lower Asian crude oil prices expected in October

Saudi Arabia adjusts its official crude oil sales prices for Asia in October, due to a lower Dubai benchmark and reduced refining margins in China.
Khurais Oil Plant, à 150 km au sud de Riyad

EU revises hydrogen subsidies to reduce dependency

The European Union is changing its hydrogen subsidy rules, targeting local supply chains and data security in the face of cheaper Chinese imports.

Extended exemption from Russian coal export duties

Russia extends export duty exemption for thermal coal until December. Despite this measure, logistical restrictions and sanctions continue to hold back global demand.