Italian Energy giant Eni and BMW Group have signed an agreement to fuel BMW corporate fleet vehicles in Italy with Enilive's HVOlution, a hydrotreated vegetable oil (HVO) biofuel produced entirely from renewable feedstocks, as the two companies deepen their collaboration on lower-carbon mobility solutions.
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to divest its entire stake in Solenergi Power Private Limited, including the Sprng Energy group of companies, in a transaction valued at $1.8 billion.
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in 2026 to 780,000 barrels per day (bbl/d), marking the third consecutive downward revision, according to OPEC's monthly oil market report.
France reduced nuclear power output by 6.3 GW across eight reactors as a prolonged heatwave raised river temperatures, forcing EDF to curb generation under environmental regulations while the country remained a net electricity exporter.
TThe liquefied natural gas (LNG) loadings from Qatar and the United Arab Emirates (UAE) dropped by 35 billion cubic meters (bcm) since the eruption of the Middle East conflict in March 2026 compared with the same period last year, said Gergely Molnar, Energy Analyst at the International Energy Agency (IEA) during a recent live webinar by the International Gas Union's (IGU) reflecting on its 17th annual edition of the World LNG report.
Turkmenistan, which holds the world’s fourth-largest proven natural gas reserves, produced 39.1 bcm of natural gas in the first half of 2026, up slightly from a year earlier, while China remained the country’s largest export market.
The International Energy Agency (IEA) CEO, Fatih Birol, has called on the European Union (EU) to reconsider its stance against Arctic oil and gas exploration as the bloc works to safeguard future energy supplies, Reuters reported.
Claudio Descalzi, CEO of Italy’s state‑controlled energy group Eni, warned that if the Middle East conflict drags on, the global oil market will break out of its current $80–$100 band by early 2027, fueling inflation and curbing energy demand.
Cuba's national power grid collapsed on Friday, marking the second nationwide blackout this week and the fourth major outage this year, according to Reuters.
Energy Minister Vicente de la O Levy said authorities were working to restore the National Electric Power System, a complex ‌situation amid all the difficulties we face on a daily basis. The latest collapse came as part of the country, including Santiago de Cuba, were still disconnected due to severe fuel shortages following Monday's nationwide blackout, which affected the island's around 10 million residents. Most electricity services had been restored by Tuesday.
TotalEnergies SE has sold its 170-megawatt portfolio of distributed solar generation assets in Europe. The assets were acquired by Amarenco and AMPYR Distributed Energy, who will continue operations and supply existing customers. TotalEnergies did not disclose the financial terms of the transaction.
