The UAE and Kuwait increased naphtha exports to Asia to nearly 1.6 million metric tons in August and September, using ship-to-ship transfers outside the Strait of Hormuz to support petrochemical production amid disrupted regional trade flows.
Crude oil exports from key Middle Eastern producers are set to rebound to 12.8 million barrels per day (mmbbl/d) in September, their highest level since the US-Israeli war with Iran began in February, as Saudi Arabia and the United Arab Emirates (UAE) increase shipments, according to preliminary data from analytics firm Kpler cited by Reuters.
Gasoline shipments from Syria to Iraq have begun via Baniyas, creating a two-way energy corridor as Iraq develops alternative fuel routes amid disruptions to Strait of Hormuz shipping.
Energean has completed the removal of the Kilmar and Garrow platforms from the Southern North Sea, transporting more than 3,500 tonnes of steel to the Netherlands for dismantling, reuse and recycling.
Germany’s cabinet approved a roadmap on September 23 to phase out coal, oil, and gas by 2045, reaffirming the country’s focus on electrification, Reuters reported.
Germany is the third country, after France and the Netherlands, to adopt a national roadmap under an international initiative to reduce dependence on fossil fuels.
The US could withdraw from the International Energy Agency (IEA) if the organization fails to align with Washington’s priorities on climate policy, US Energy Secretary Chris Wright said on September 23.
Speaking at a Wall Street Journal event in New York, Wright said the US would seek to reform the Paris-based agency but could consider leaving if those efforts fail.
Saudi Aramco has informally told at least three Asian refiners they may soon be able to pick up crude from Saudi Arabia’s Red Sea port of Yanbu, according to traders familiar with the matter.
US President Donald Trump supports a ban on diesel exports as fuel prices reach record highs to curb the rising costs of energy, Reuters reported.
Trump said the US should keep more of its diesel domestically, adding that the country produces large volumes of the fuel. “I’ve said let’s not send out the diesel. We make a lot of diesel,” Trump told reporters ahead of a meeting with Ukrainian President Volodymyr Zelenskiy.
Baker Hughes ranked first in the energy sector and 37th overall in the 2026 100 Best Corporate Citizens ranking, highlighting its performance in sustainability, transparency, emissions reduction, and community engagement.
Saudi Aramco plans to establish a dedicated gas division as part of a broader business restructuring, while exploring a potential minority listing of the unit and other asset monetization options to raise capital.
