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Russia eases rule on mandatory diesel sales on exchanges

Russia’s energy ministry confirmed on July 3 plans to reduce the mandatory share of diesel production sold on commodity exchanges from 16% to 10%, as the government seeks to redirect more fuel to agricultural producers.

Shareholders in Russian petchems firm Sibur approve 36% drop in dividends for Q1

Shareholders in Russian petrochemicals giant Sibur have approved RUB6.74bn ($86mn) in dividends for the first quarter of 2026, down 36% from the same period last year.

Russia provides tax incentives to boost fuel supply to domestic market

The move comes as Ukraine has intensified drone strikes against Russian oil refineries in recent months, causing widespread shortages including in the capital.

Sevastopol eases restrictions on fuel sales at some stations

Nine filling stations in Russian-annexed Sevastopol began selling fuel without QR codes on July 5, offering limited relief from restrictions introduced in response to persistent supply shortages.

Ukraine hits St Petersburg oil terminal in largescale drone strike on July 4

A major oil products terminal in St Petersburg was struck during a large-scale Ukrainian drone attack overnight on July 4, although Russian authorities reported no casualties.

Iran opens oil talks with Japan as US sanctions window ticks down

Iran is in preliminary talks with three Japanese companies on resuming crude sales for the first time since 2019, racing a 60-day US sanctions window that closes on August 21 amid mine risks and insurance hurdles in Hormuz.

Iran to charge Hormuz transit fees with "special considerations" for friendly states

Iran will charge service fees on ships transiting the Strait of Hormuz once its 60-day MoU with the US expires, its ambassador to China says, with Beijing and other friendly states promised special considerations.

Bangladesh scrambles for short-term LNG deals

Qatar’s supply crunch after Iran’s attacks on the Ras Laffan Complex mean that it will only be able deliver 20 of the 40 scheduled LNG cargoes to Bangladesh.

South Korea leaves door open to new nuclear reactors

South Korea could consider building new nuclear reactors if significantly more semiconductor plants are developed in the country's south-western region than are currently planned.

Russian Urals oil discounts edge higher in June

Cuba's foreign minister rejects US national security threat label as diplomatic talks fail to advance

Cuba says US talks have stalled as sanctions continue to strangle the island's economy

Cuba creates state enterprise agency as government presses ahead with market reforms

Cuba says US talks stall as sanctions deepen economic strain

Iran can use sanctions relief to cut oil discounts, expand sales, analyst says

Iran has found a rare opportunity to expand crude oil sales, slash price discounts and revive competition among buyers after the United States temporarily eased sanctions under a post-war agreement, an Iranian energy analyst said.

Georgia's Black Sea Petroleum to switch to non-Russian crude from August

EU allocates €2.5bn for clean energy projects with majority to eastern member states

The European Union will channel €2.5bn into cleaner energy systems across the bloc including several Central and Southeast European member states, funding dozens of projects aimed at cutting emissions and modernising...

Bosnia's Energoinvest wins power grid contracts worth BAM11.8mn

Bosnian engineering company Energoinvest (SASE: ENISR) has secured two new infrastructure contracts worth BAM11.79mn (€6mn), strengthening its position in the country’s energy sector, the company said on July 2.

Shell Nigeria, nine banks launch $3bn facility for local oil contractors

Shell Nigeria Exploration and Production Company has launched a $3bn contract finance facility with nine banks to support local contractors working on its oil and gas projects.

Malawi targets August resumption of uranium exports from Kayelekera mine

Malawi is preparing to resume uranium exports in mid-August for the first time in years after discussions between the government and the operator of the Kayelekera Uranium Mine

Africa GreenCo, SafiriPower plan 50MW solar project in DR Congo

Africa GreenCo Group has signed a joint development agreement with independent power producer SafiriPower to develop a 50MW solar power project in the DRC, aimed at supplying electricity to mining and industrial users.

Ukraine cuts electricity imports by 25% in June but remains a net importer

Ukraine reduced electricity imports by a quarter in June from the previous month as domestic power generation improved, although the country remained a substantial net importer of electricity amid attacks on its energy infrastructure.

Nigeria's Dangote Refinery raises $750mn in debut international bond

Dangote Petroleum Refinery has raised $750mn through its debut international bond issue, strengthening the Nigerian company’s balance sheet as the Dangote Group prepares for a wider capital-raising cycle.

South Africa’s last manganese smelter halts production as power tariff dispute deepens

South Africa’s last manganese smelter, Transalloys, has halted production and warned its furnaces could go cold permanently by end-July without power tariff relief.

Noronex confirms uranium mineralisation at Etango North project in Namibia

Noronex Limited (ASX: NRX) has confirmed widespread uranium mineralisation at its Etango North Uranium Project in Namibia following the completion of its maiden reverse circulation drilling programme, marking a milestone in the company's exploration.