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The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.

OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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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.
India unveils a national plan to boost nuclear capacity to 100 GW by 2047, combining large reactors and small modules, with a strengthened regulatory framework and new public-private partnerships.

HYLENR raises $3 mn to accelerate commercialisation of its industrial LENR reactors

Start-up HYLENR finalises a strategic $3 mn fundraising to move from pilot phase to industrialisation of its low-energy nuclear reaction systems for industrial heat production.
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BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
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.

Siemens Energy sets order record and raises 2025 annual outlook

Siemens Energy posts historic third-quarter orders, significant revenue growth and lifts its dividend ban, reinforcing its backlog strength and ambitions for profitable growth in 2025.
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According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
Gentari and Amazon Web Services have entered into an 80 MW power purchase agreement in India, marking a major step for large-scale wind energy development in the region.

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.
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New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates

Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
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Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.
Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.

Turkey starts Azerbaijani natural gas deliveries to war-torn Syria

Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.
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First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
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.
Baku signs multiple deals with major industry players to boost exploration as oil reserves decline and ACG production slows.
Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.

France-India: Towards Strengthening Nuclear and Energy Partnership

Emmanuel Macron and Narendra Modi meet in Marseille to deepen their energy cooperation. The visit to the ITER nuclear fusion project and discussions on small modular reactors (SMRs) illustrate the ambition of a strategic collaboration between France and India.
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Negotiations between the Kurdistan Regional Government and Baghdad officially focus on salary payments. Meanwhile, the Iraq-BP agreement to increase production in Kirkuk fuels speculation about a possible resumption of oil exports.
Qatar announces technical assistance to restore essential infrastructure in Syria, severely affected by years of conflict. This aid includes an energy contribution as well as support for the electricity sector, which is undergoing restructuring.

Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens

Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
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Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.
According to DNV, global energy-related CO2 emissions are peaking this year due to the decreasing costs of renewables. However, increased efforts are necessary to meet the climate targets set by the Paris Agreement.

Increase in Russian Coal Exports to India Amid Western Sanctions

Russia intensifies its coal sales to India to meet growing energy demand, despite Western sanctions impacting its other energy exports.
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REC prices are expected to drop by 76% by 2050 in the Asia-Pacific region, falling from 46 to 11 USD/MWh, due to the massive increase in renewable energy generation in the region, according to a report by Wood Mackenzie.
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.

India Launches a Tender for 6,000 MW of Renewable Capacity with Storage

India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
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High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.

India: MEIL to develop 4000 MW of hydroelectric storage in Maharashtra

Megha Engineering & Infrastructures Limited (MEIL) is developing two hydroelectric storage projects in Maharashtra, with a total capacity of 4,000 MW, marking a breakthrough in energy management in India.
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BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.

Kazakhstan boosts Tengiz while consolidating ties with OPEC+.

Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
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ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.
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