Oil market

The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
Energy logistics firm Exolum launches the UK’s first independent sustainable aviation fuel blending site, supporting a nationwide network expected to supply up to 65,000 flights per year.

The biofuels sector rejects a tax increase deemed brutal

French biofuel stakeholders denounce a tax hike on B100 and E85 announced in the 2026 draft budget, which they say threatens their income and the industrial balance of local areas.
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Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
The 2026 draft budget proposes eliminating tax incentives for B100 and E85 fuels, prompting opposition from agricultural unions concerned about the economic impact on the biofuel sector.

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
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Spanish producer Moeve becomes the first external SAF supplier to join Shell’s blockchain-based platform designed to expand low-emission jet fuel adoption.
LIFT Power has completed the first phase of baseline studies for the Yellowknife lithium project, a key step toward permitting and long-term mine planning.

Used oil imports multiply twentyfold under pressure from biofuels

Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
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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.
Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.

Indonesia approves 10% mandatory bioethanol blend in gasoline

The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.
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California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.
Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.

India risks regulatory setback on ethanol as Brazil consolidates SAF lead

India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
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Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.
LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.

MCatalysis secures funding to industrialise microwave catalysis technology from Oxford

Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.
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Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
Shell ends construction of its biofuels plant in the Netherlands, citing low competitiveness, while reinforcing its oil activities, raising questions over its previous energy commitments.
While corporate demand for sustainable aviation fuel increases, European regulatory rigidity limits short-term investment prospects. SAFc Connect seeks to streamline transactions.
Synhelion completed the world’s first on-road test of solar fuel, powering a Harley-Davidson without modification, a key industrial step for the production of synthetic fuels compatible with existing combustion engines.

Platts expands low-carbon marine methanol assessments to Shanghai and Rotterdam

Platts has released its first low-carbon marine methanol price assessments in Shanghai and Rotterdam, enhancing price visibility for maritime transport and the alternative methanol value chain.
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Verso Energy has secured funding under the France 2030 programme for its "DEZiR" project, aimed at producing sustainable aviation fuel from biogenic CO₂, with an annual production capacity of 81,000 tonnes.
The European Union postpones the launch of negotiations on its 2040 climate target amid internal deadlocks and mounting geopolitical pressure.

European airlines challenge 2030 targets for sustainable fuels

Several air transport groups believe the renewable fuel levels set by the European Union for 2030 are unattainable given current production capacities.
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Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.
The French government unveils its strategy to increase offshore wind capacity, targeting 18 GW by 2035 and 45 GW by 2050, through an ambitious call for tenders covering all maritime fronts.

Economics of Shale Projects: Rising Costs of Oil Production

The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
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Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.

Brookfield invests $1.1 billion in Infinium eFuels for sustainable aviation

Brookfield is investing up to USD 1.1 billion in Infinium, aimed at increasing the availability of sustainable fuels for aviation and heavy industry, marking a significant step forward for alternative energies.
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OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.

Uganda: 21 activists arrested during a march against the EACOP project

In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.
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Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.
Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.

Zambia turns to South Africa and Zimbabwe for electricity

Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.
Verso Energy announces a €1 billion investment in Épinal for a new green fuels production unit, creating 250 jobs and aiming to reduce CO2 emissions.
Liquid Wind and Uniper sign strategic partnership to develop eMethanol production facilities.