The Black Sea Infrastructure is at risk, according to the Romanian National Defence Strategy
A draft national defence strategy released on Wednesday said that Romania must strengthen its ties with allies along the Black Sea to protect energy projects, which will make Romania the largest gas producer of the European Union in 2027. In the past two years, the EU and NATO member state has been repeatedly violated by Russian drones.
UAE's Dana Gas signs an agreement to explore the revival of Syria gas fields
Dana Gas, based in the UAE, announced on Wednesday that it had signed an initial agreement with Syria's oil company for assessing the redevelopment of natural gas fields damaged by the 13-year-old civil war which made Syria dependent on imports from Iran. The Syrian rebels overthrew longtime president Bashar al-Assad in late 2018.
Dow closes at record high; traders bet against government shutdown
The Dow Jones Industrial Average closed at a record-high on Tuesday. This was boosted by progress in ending the longest U.S. Government shutdown. Nvidia, and other companies related to artificial intelligence, fell due to renewed concerns over high valuations. The Polymarket betting platform has fully priced in a resolution for this week, as members of the U.S.
Argentina's YPF anticipates La Angostura Sur will produce 80,000 bpd over the next few years
Maximiliano W. Westen, Vice President of Strategy at YPF, said that the company expects to produce more than 80,000 barrels a day in its La Angostura Sur Block over the next few years. YPF executives told analysts that despite reporting a loss of $198m in the third quarter, they are on track to meet their 2025 forecast, as shale production has surged.
US sanctions threaten to disrupt Lukoil's international assets
The sale of Lukoil's overseas assets to Swiss commodity traders Gunvor has been blocked by Washington, which is a result of U.S. sanctions. Lukoil has a global footprint that includes upstream oil and natural gas projects, refineries, and fuel distribution networks in Europe, Central Asia and the Middle East. The company produces a half-million barrels of crude oil per day…
EUROPE GAS - European prices are mixed due to divergent weather forecasts
Dutch and British electricity prices were mixed Monday morning, reflecting forecasts for a quicker return to cooler temperatures that will increase gas demand. However, the weather is still expected to be warmer than normal and windy in the coming days. LSEG data shows that the benchmark Dutch front-month contract was up 0.03 euros at 31.21 Euro per megawatt hour at TTF hub, or $10.58/mmBtu at 0924 GMT.
Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy, particularly across the hospitality, tourism and transport sectors.
Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC
Day two's theme 'The Technology Leap: Redefining Energy Leadership' underscored how strategic AI adoption and digital innovation are reshaping energy leadership, with industry voices calling for coordinated investment to unlock transformation at speed and scale Experts debated AI’s role in boosting efficiency, enhancing resilience…
Official: India's rapid roll-out of renewable energy and the mismatch in demand is driving up electricity costs.
A senior official from the Central Electricity Authority said that India's rapid rollout of renewable energy is straining grid operations, and increasing electricity costs because demand has not kept up with it. In the first half 2025, India's renewable energy output grew at its fastest rate since 2022. In the first half of this year…
Trump adds copper and metallurgical coke to the US list of critical minerals
The Trump administration released a list of essential minerals on Thursday, including copper, which plays a vital role in electric vehicles, power grids and data centers. It also includes metallurgical coke, which can be used to produce coke. The list of minerals maintained by the Interior Department guides federal investment and permits decisions, and shapes government's overall mineral strategy.
Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring CEOs and ministers spotlighted the importance of embracing all energy sources, all technologies…
India must double its sugar exports due to a surplus that is growing as a result of lower ethanol production
Industry officials stated on Thursday that India should double its sugar allocation for export to 2 million metric tonnes in the new season. This is because a lower sugar diversion rate to ethanol production will result in a greater domestic surplus. Sugar futures in New York and London could be impacted by higher exports from the second largest sugar producer in the world.
Wood Mackenzie warns that China's curtailment of renewable energy will present revenue risks over the next decade.
Wood Mackenzie, a consultancy, said that if renewable energy is curtailed to balance China's grid during times of low or high demand it will pose a risk to investor revenues over the next decade. Wood Mackenzie predicts that solar curtailment rates will average over 5% in 21 provinces within the next decade. According to the latest…
YPF and Eni sign an agreement with ADNOC’s XRG for the development of Argentina LNG project
YPF, Argentina and Eni, Italy have signed an agreement for the Abu Dhabi National Oil Company’s XRG Investment arm to participate in a liquefied gas project related to Argentina’s Vaca Muerta Field. In a press release issued during the Abu Dhabi International Petroleum Exhibition and Conference, YPF CEO Horacio Martin said that…
The major Gulf exchanges are tracking Asian shares lower due to valuation fears
The Gulf's major stock markets fell on Wednesday morning, following the Asian share market lower after a tech-led selloff overnight on Wall Street brought the focus on stretched valuations. The stock market is retreating after reaching record highs, amid fears that equity markets have become stretched. This comes as CEOs from Wall…
Spot prices are affected by the increased supply of wind and nuclear energy
The European power price fell on Wednesday, as the availability of nuclear and wind generation increased while demand was flat. The LSEG analysis concluded that the thermal capacity was higher and that exports from Germany, the main producer, were indicated for tomorrow. LSEG data shows that the French baseload price for Thursday's delivery was 66 euros ($76.97), down 17.5% on its previous close.
Liberia's new mines minister replaces the previous one amid US investment talks
Liberia's office of President Joseph Boakai has announced that it has replaced the mining minister and top regulator in the country, as the West African nation, which is a producer of iron ore, pursues discussions with Washington about investments in its vital minerals sector. R. Matenokay Tingban was the deputy mining minister for former president Ellen Johnson Sirleaf. Wilmot J.M. was the former minister.
Due to the shutdown, Americans are at risk of losing millions in heating assistance.
The government shutdown could make it difficult for millions of Americans to access funds for heating their homes as early as next month, according to lawmakers and nonprofit organizations from both parties. In its 29th day of the shutdown, the U.S. Department of Health and Human Services is blocking the states from receiving $3.6 billion in the Low-Income Home Energy Assistance Program (LIHEAP)…
BW Energy reports encouraging preliminary results for Kharas well offshore Namibia
BW Energy announced on Friday that the preliminary results of its Kharas-1 well, which was drilled offshore Namibia in the Kudu license, were encouraging and indicated the presence hydrocarbons. The results come after a series of discoveries made by oil companies including TotalEnergies and Shell, which have transformed the small Southern African nation into a hotspot for exploration.
Brazilian prosecutors investigate the illegal use of native timber in corn ethanol manufacturing
Ana Luiza Peterlini, a prosecutor in Mato Grosso, Brazil, said that the state is investigating if corn ethanol plants burn wood from illegal deforestation for the production of biofuel. This would be against the decarbonization goals set by the sector. Mato Grosso, Brazil's largest soybean producer, accounts for 2/3 of the nation's corn-ethanol production. This has increased dramatically in recent years.