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EXPLAINER: What is the EU’s CBAM and how will it affect global trade from 2026?
The European Union’s Carbon Border Adjustment Mechanism (CBAM) will enter its full operational phase on January 1, 2026, marking a major shift in global climate and trade policy.
Tanzania set to host state-of-the-art oil export terminal as EACOP nears completion
The East African Crude Oil Pipeline (EACOP) project has reached 70% completion, according to Ombeni Sefue, board chairman of the Tanzania Petroleum Development Corporation.
Iran faces critical water crisis after driest year in five decades
Iran faces critical water crisis after driest year in five decades with 40% nationwide rainfall drop.
Nigeria finalises $2.6bn bond plan to clear power-sector arrears
Nigeria finalised the government-backed bond to clear verified arrears owed to power generation companies and gas suppliers. It forms part of the Power Sector Recovery Plan and aims to restore liquidity and investor confidence in the sector.
Cameroon promotes offshore licensing round, offers nine high-potential blocks
Cameroon shared details of its latest licensing round during this year’s African Energy Week: Invest in African Energies conference, organised by the African Energy Chamber.
Global renewables to double by 2030, but IEA warns momentum must accelerate
Global renewable energy capacity is on course to double by 2030, reaching 4,600 GW—comparable to the current combined total of China, the European Union and Japan—according to the International Energy Agency’s Renewables 2025 report.
South Korea’s embrace of SMRs as a pillar of nuclear policy
Spearheaded by Korea Hydro & Nuclear Power, these compact reactors are increasingly being seen as central to the nation's energy policy, offering flexibility, scalability, and ultimately a pathway to carbon neutrality
COMMENT: Ukraine's drone attacks on Russian refineries have probably reduced throughput by 30.4%, less than headline figures suggest
Ukraine has been hitting Russian refineries and caused a fuel crisis that has spead across multiple regions. The headline figure is that oil refining has been reduced by 38% since August, but digging into it and the reduction is likely less.
China leads global energy export race as clean tech shipments hit record highs
China is outpacing the US in the global race to dominate energy exports, as demand for clean technology surges and fossil fuel revenues plateau. China exported $120bn in green technology through July 2025, surpassing the US' oil and gas exports.
Iran rejects petrol price hike report after leaked document sparks confusion
The Iranian government denied reports that it planned to raise petrol prices, after a state-affiliated media outlet published and quickly deleted what appeared to be an official document approving such a move.
US reduces fees on foreign-built LNG carriers
The US is reducing maritime fees on foreign-built LNG tankers.
Eni and YPF sign deal, move closer to FID on Argentina LNG project
Italian energy giant Eni and Argentina’s state-run firm YPF inked a preliminary agreement to take a positive final investment decision on the Argentina LNG project.
Nigeria lawmakers probe $18bn refinery rehabilitation spending as plants stay idle
Nigeria’s House of Representatives has ordered a multi-committee inquiry into roughly $18bn spent on rehabilitating the Port Harcourt, Warri and Kaduna refineries, which remain largely non-functional
State control rattles Indonesia’s fuel market
Indonesia’s tighter control on private fuel imports has sparked debate over how far the government should go to protect its domestic energy market and ensure national energy sovereignty.
US sanctions on Serbian oil company NIS take effect
Sanctions imposed by the United States on Serbia’s sole oil refiner, NIS, took effect on October 9, ending months of postponements and raising fears of fuel shortages and wider economic disruption.
Political and fuel crises push Bolivia into lonely Latin American recession
Bolivia faces one of its most severe economic crises in decades, with the World Bank projecting a three-year recession stretching until 2027.
Nigeria’s Dangote refinery designated ‘systematically important’ following strikes
The Nigerian government has said that the country’s privately-owned 650,000 barrels per day (bpd) Dangote refinery is too important to fail, according to a Bloomberg report.
Chevron reportedly seeking to sell pipeline assets in US’ DJ Basin
Chevron is reportedly seeking to sell a set of pipeline assets in the Denver-Julesburg Basin.
Berkshire Hathaway to buy US firm Occidental’s OxyChem unit for $9.7bn
Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash.
Philippines sets out policy framework for first nuclear power plant
The initiative marks a significant step in reviving the Philippines’ long-dormant nuclear ambitions. Following the 1973 oil crisis, the country constructed the 621 MWe Bataan Nuclear Power Plant in 1984 at a cost of $460mn – around $1.4bn today.
How Central Asia came to love the Chinese electric vehicle invasion
Resistance would be futile – and expensive. The region has flung its doors open to the likes of BYD.
Uganda's $4bn Hoima refinery launch now expected in 2029–30
Uganda’s $4bn Hoima refinery is now expected to begin operations in late 2029 or 2030, according to the general manager of the Uganda Refinery Holding Co. Michael Nkambo Mugerwa.
Feasibility study for trans-Caspian power line to be ready in 2026 – report
Europe-bound electricity unlikely to flow before 2030.
Romania's Electrica seeks shareholder approval to borrow €1bn for acquisitions
State-controlled electricity utility group is eyeing acquisitions including Distribuție Energie Oltenia, currently owned by Macquarie.
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