Latest Stories

Drone debris falls on Russia's Slavyansk oil refinery

28 June 2026

The extent of damage to the refinery was not confirmed.

Russia drafts ban on crypto mining to avert risk of power shortages

28 June 2026

Russia’s energy ministry has prepared a draft government decree that would ban cryptocurrency mining in Moscow, the Moscow region and parts of the Kursk region from July 1.

Russia's Irkutsk region announces state of high alert amid fuel shortages

28 June 2026

Filling stations owned by Russian state oil company Rosneft in the region have imposed a daily limit of no more than 50 litres of fuel per vehicle in a single refuelling.

Russia quadruples jet fuel imports from Belarus amid supply crunch

28 June 2026

The surge in imports comes as Ukraine has intensified its drone strikes against Russian refineries over recent months, including an attack on Moscow’s main oil refinery on June 18.

France's June 2026 heatwave is worse than August 2003

28 June 2026

The heat gripping France right now has already eclipsed the catastrophic summer of 2003. Météo-France's national thermal indicator — a composite average across 30 weather stations — is in red alert across the country for the first time.

Syria cuts fuel and cooking gas prices by up to 20%

28 June 2026

Syria has reduced the prices of fuel products and household cooking gas by between 14% and 20% following a review of domestic energy pricing.

Iraq seeks to expand energy cooperation with Chevron

28 June 2026

Iraq's Ministry of Oil has held talks with US energy major Chevron to expand cooperation and explore investment opportunities in the country's oil and energy sector.

Kuwait, Bahrain confirm Iranian strikes as building damaged

28 June 2026

Kuwait and Bahrain have confirmed they were targeted by Iranian missiles and drones, with a building damaged in Bahrain, after Iran struck US bases in the two Gulf states in retaliation for US strikes on Iranian territory.

Iraq presses Iran to reopen Strait of Hormuz as crude exports take hit

28 June 2026

Any interference in the Strait of Hormuz will only delay its reopening, Iran's foreign minister Abbas Araghchi says in Baghdad, as Iraq offers to host a regional security summit including Iran and the Gulf states.

Serbia's NIS seeks new US waiver as sanctions deadline looms

28 June 2026

NIS has requested a new waiver from the US Treasury Department to allow it to continue operating beyond July 1, as the deadline approaches for both its sanctions exemption and negotiations over the sale of the company's Russian-controlled stake.

Energo-Pro launches first battery energy storage system in Bulgaria

28 June 2026

Energo-Pro has commissioned its first battery energy storage system in Bulgaria, marking the group's entry into grid-scale energy storage in the country as it seeks to support electricity network balancing and renewable energy integration.

China readies second LNG import terminal for cargoes from Russia’s Arctic LNG 2 plant

28 June 2026

New terminal will join Beihai terminal, which has imported 41 cargoes since August 2025.

South Korea’s HanmiGlobal plans US SMR venture

27 June 2026

HanmiGlobal, South Korea’s largest construction management company, is planning to establish a project development firm targeting the US small modular reactor market

Second Taipingling reactor reaches first criticality in China

27 June 2026

China’s National Nuclear Safety Administration issued a 40-year operating licence for Taipingling 2 on April 30. The first fuel loading, involving 177 assemblies inserted into the reactor core, was completed on May 3.

China expands 500 kV grid build-out

27 June 2026

China has advanced its high-voltage transmission build-out with the commissioning of a 500 kV project in Fujian province.

Turkey's Ihlas Holding breaks ground on $3bn Kyrgyz hydropower megaproject

27 June 2026

Construction of the 912-MW Kazarman hydropower cascade on Kyrgyzstan's Naryn River officially began on June 25.

Russian regions battle fuel shortage as diesel deficit spreads

27 June 2026

Russian regions have been battling a fuel shortage since June 23, with bus services cut, fares raised and rubbish collection halted in places, as a diesel deficit spreads across almost all regions.

Ecuador adds 35,000 bpd of crude capacity via Petroecuador campaign, ministry says

27 June 2026

Ecuador added 35,000 barrels of crude production capacity in the first five and a half months of 2026 through a sustained campaign of drilling.

Europe's June heat wave is most severe ever recorded — and the new normal

26 June 2026

The heatwave that seared much of Europe in late June is officially the most severe ever recorded in the region, according to a rapid-attribution study published on June 26.

Can geothermal power Central Europe’s energy transition?

26 June 2026

The appeal of geothermal power is strong in a region where the 2022 gas crisis exposed the strategic vulnerability created by dependence on imported fossil fuels.

Brazil secures global backing for industry decarbonisation

26 June 2026

Brazil has become one of the first countries to secure approval for an industrial decarbonisation strategy under a global climate fund programme, paving the way for financing aimed at cutting emissions from energy-intensive industries.

Angolan crude discounts deepen as global oil oversupply pressures market

26 June 2026

Angolan crude oil is reportedly facing some of its steepest price discounts in more than a decade as a growing glut of global supply and weakening demand from China weigh heavily on the market.

Zambian firm Wonderful Group says equipment procurement for 600MW power plant reaches 80%

26 June 2026

Equipment procurement for a 600MW thermal power plant being developed in Zambia’s Sinazongwe District has reached 80%, highlighting a significant milestone for one of the country’s key energy projects