Germany Seals $9.6B TenneT Deal to Ease Power Grid Bottlenecks
Germany has finalized a deal to buy a stake in the German division of Dutch power grid operator TenneT (TenneT Germany) for around €7.6–€8.9 billion (approx. $8.2–$9.6 billion), locking in…
Gulf Stocks Mixed, Oil Steady as Powell Probe Rattles Fed Independence
Gulf equities and oil futures were mixed in early Monday trading as markets weighed fresh legal proceedings against Federal Reserve Chair Jerome Powell. Brent crude for March delivery was up…
Trading Giants Seek Big Asia Buyers for Venezuelan Oil
Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the…
Indonesia Inaugurates $7.4-Billion Upgraded Refinery, Its Largest
Indonesia inaugurated on Monday the upgraded Balikpapan refinery, which cost $7.4 billion to redevelop and is another step toward self-sufficiency in fuel supply. Indonesian President Prabowo Subianto and Energy Minister…
Vitol and Trafigura Secure U.S. Licenses to Trade Venezuelan Oil
Vitol and Trafigura are offering Venezuelan crude to refiners in China and India for March delivery, trade sources told Reuters on Monday, days after two of the world’s biggest independent…
Azerbaijan Ramps Up Natural Gas Production
Azerbaijan, a key natural gas supplier to Europe, raised its production by 2.4% in 2025 from the previous year, the Azeri Ministry of Energy said on Monday. Azerbaijan produced 51.5…
Benin Offshore Oil Production Resumes After Three Decades
Oil production offshore Benin, Nigeria’s neighbor to the west, is set to begin by the end of January, the field operator said on Monday in what would be the first…
China Welcomes EU Guidance on Minimum EV Prices After Tariff Dispute
The European Union issued on Monday a guidance document on a minimum pricing mechanism for Chinese electric vehicles in a move that China welcomed as a “soft landing” on the…
Japan stands at ‘inflection point’ for hydrogen: report
Japan finds itself at an inflection point for hydrogen, according to a World Economic Forum paper. Given its structural reliance on imported fuels and exposure to energy security and decarbonisation…
Financial close for Delfin FLNG vessel ‘within next month’
A final investment decision (FID) for the first floating liquefied natural gas vessel at the Delfin LNG project is expected in the next month, according to Delfin Midstream. It follows…
