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Russian forces strike gas stations in Ukraine's Sumy region

5 July 2026

Ukraine’s state emergency services said filling stations were targeted in the Nedryhailiv community and the city of Sumy. One of the facilities was hit again in the morning after an initial overnight attack.

Russia's Urals oil blend falls under $45 per barrel

5 July 2026

The estimated free-on-board price of Urals at the Baltic ports of Primorsk and Ust-Luga and the Black Sea port of Novorossiysk fell below $45 per barrel last week.

Kazakhstan eyes options to reduce reliance on Russia's Orenburg plant to process Karachaganak gas amid drone strikes

5 July 2026

Kazakhstan is weighing Nostrum’s Zhaikmunai plant as a back-up for Karachaganak gas, but only limited volumes could be redirected.

Omani upstream firm OQEP wins inaugural ‘BBB-‘ rating from S&P

5 July 2026

S&P Global Ratings announced on July 4 that it has assigned its inaugural long-term issuer credit ratings to OQ Exploration and Production SAOG (OQEP), awarding the Omani upstream energy company a 'BBB-' investment-grade global rating.

Russia imports record volume of Belarusian gasoline in June amid shortages

5 July 2026

The volume was 140% times higher than imports during the whole of May and compared with only 1,000 tonnes in June 2025, Vedomosti reported, citing data from the Centre for Price Indices.

The EDB's next frontier: Uzbekistan and the future of Central Asian integration

5 July 2026

Only a year after becoming the Eurasian Development Bank's seventh shareholder, Uzbekistan has quickly become one of the institution's strategic priorities.

Ukraine hits Russian oil refineries nearly 200 times this year

5 July 2026

Ukrainian forces struck Russian oil refineries at least 194 times in the first half of 2026, an elevenfold increase from the same period last year, as Kyiv intensified a drone campaign that has contributed to Russia’s worsening fuel crisis.

Krško second reactor remains central to Slovenia’s energy strategy in shifting political landscape

5 July 2026

New government to accelerate JEK2 project to as one of Slovenia’s key strategic energy projects, energy ministry tells IntelliNews.

Gazprom Neft deploys Russia's first domestically-produced fracking fleet

5 July 2026

Gazprom Neft has deployed what it described as Russia’s first domestically produced hydraulic fracturing fleet at the Yuzhno-Priobskoye field in the Khanty-Mansiysk region.

Bulgaria's PM proposes reviving Belene nuclear project with EU funds

5 July 2026

Rumen Radev said he had proposed to Ukrainian President Volodymyr Zelenskyy that Bulgaria and Ukraine jointly build the long-delayed Belene nuclear power plant using European Union funding, instead of Kyiv purchasing Russian-built reactors.

Gazprom Neft completes trials of Russia's first domestically-produced oil well tractor

5 July 2026

Russian oil firm Gazprom Neft has completed trials of what it described as Russia’s first domestically produced well tractor, cutting the cost of downhole operations by a fifth.

Russian refinery runs hit multi-year low in June amid Ukrainian strikes

5 July 2026

Russian refinery runs could recover from June’s multi-year low, but fuel supply is expected to remain tight through summer.

Georgia's only refinery to stop using Russian oil to target EU fuels market

5 July 2026

Georgia’s Kulevi oil refinery plans to stop processing Russian crude from August or September, allowing it to target more profitable markets in the EU.

Head of German far-right party calls for return to Russian oil and gas

5 July 2026

“Cheap energy from Russia was the secret of the success of ‘Made in Germany’. We need it back,” the leader of the far-right AfD told Reuters last week.

Mongolia expects progress on Russia-China gas pipeline at Vladivostok form in September

5 July 2026

“I think there will be progress during this year’s Eastern Economic Forum in Vladivostok,” Ninj Demberel said, referring to the event scheduled for September 1–4.

Syria dispatches 7.3mn litres of petrol to ease fuel shortages

5 July 2026

Syria's Ministry of Energy said it had begun distributing more than 7.3mn litres of petrol across the country as part of efforts to replenish fuel stations and ease shortages following a surge in demand.

Yamal LNG carrier arrives in Danish yard for maintenance ahead of EU ban on Arc7 servicing

5 July 2026

A Yamal LNG carrier has entered Denmark’s Fayard yard ahead of new EU restrictions in 2027.

Iraq signs Halliburton deal to develop Bin Omar and Sindbad oilfields

5 July 2026

Iraq's Ministry of Oil has signed a five-year integrated management contract with US oilfield services company Halliburton to develop the Bin Omar and Sindbad oilfields in Basra.

Uzbekistan's Uzbekneftegaz targets 1.6% growth in gas output this year

5 July 2026

The company plans to drill at 17 prospective areas targeting combined C3 resources of almost 81.9 bcm of gas.

Russian wholesale gasolines see mixed changes in week ending July 3

5 July 2026

Russian wholesale gasoline prices moved in different directions in the week ending July 3, with AI-92 gaining 1.38% while AI-95 fell by more than 1%.