The clean energy transition is well underway around the world, at what many experts estimate to be an unstoppable velocity. While political shifts in the United States are pulling the emergency break on clean energy policy mechanisms, the international energy sector is plowing full-steam ahead. “This is no longer a distant promise: it is happening now, at a pace and scale that was unthinkable even five years ago,” writes Reuters, “and it is being driven not just by advanced economies but increasingly by developing ones.”…

For decades, Trinidad and Tobago has relied on oil production to bring in revenue to the small Caribbean state. However, as its oil reserves begin to dwindle, the outlook is less certain, despite ongoing investment in new auctions for further exploration. The country is now at a crossroads, as the government decides whether to support more invasive exploration practices or to shift to alternative energy sources and pursue economic diversification. In recent years, the neighbouring South American state of Guyana has attracted attention from oil…

Poland has reopened its border with Belarus after a nearly two-week closure tied to the Zapad-2025 joint military exercises held by Russia and Belarus, with Beijing playing a quiet but crucial role in the decision. Within the first few minutes of September 25, passenger vehicles resumed crossing at Terespol–Brest and trucks at Kukuryki–Kazlovichy, while freight rail reopened via Kuznica Bialostocka–Hrodna, Siemianowka–Svislach, and Terespol–Brest. The move followed an order by Polish Interior Minister Marcin Kierwinski…

While much of the world is looking to phase out its coal production, United States President Donald Trump has put coal back on the energy agenda, with big plans to reinvigorate ageing coal facilities. Despite concerns over the impact of ongoing coal use on human health and the environment, Trump views fossil fuels as the most stable energy source to boost U.S. energy security, which could lead to consumers paying more for their energy bills over the coming years. Upon entering office in January, Trump declared an energy emergency, and he has since…

Scientists are getting closer and closer to unlocking the intricate dance of quantum physics to revolutionize the way we produce energy. As the computing industry threatens to run out of energy on the back of the artificial intelligence boom, scientists are racing to bring quantum computing into reality as a means of solving critical energy security dilemmas while also turning computing technology on its head. We know that the potential of quantum physics and quantum computing is massive within the energy sector, but there is still a lot that we…

Uzbekistan evidently is on a fast-track to gain membership in the World Trade Organization. Tashkent’s application could win acceptance by the spring of 2026, WTO Director-General Ngozi Okonjo-Iveala said in an interview with Uzbek television. Gaining membership in the WTO involves what can be a lengthy process of negotiations. It took China, for example, 15 years for its application to be approved. Technically, Uzbekistan’s accession process dates back to 1994, but Tashkent only demonstrated a serious intent to meet WTO requirements…

While the world is watching the UN General Assembly discussions on Gaza-Israel, hybrid warfare in Europe (drones) and Trump, global oil markets are showing increased instability, as Ukrainian drones are destroying key oil and gas infrastructure inside of Russia. Over the last few weeks, a tsunami of reports has been published about a possible oil glut in the coming months or years, supported by OPEC-8 decisions to increase the export ceiling. However, reality in the market shows a different picture. Until now, no real crude oil price crash is showing;…

Washington is making it clear to New Delhi: any path forward on a U.S.–India trade deal runs through Russia’s oil fields. In recent talks, U.S. trade negotiators told Indian counterparts that curbing purchases of Russian crude is critical to lowering America’s punitive tariffs and unlocking a deal, sources told Reuters on Friday. India is pushing back. Commerce Minister Piyush Goyal called the negotiations “constructive,” but New Delhi is making room for strategic wiggle; officials have floated substituting Russian…

Washington is making it clear to New Delhi: any path forward on a U.S.–India trade deal runs through Russia’s oil fields. In recent talks, U.S. trade negotiators told Indian counterparts that curbing purchases of Russian crude is critical to lowering America’s punitive tariffs and unlocking a deal, sources told Reuters on Friday. India is pushing back. Commerce Minister Piyush Goyal called the negotiations “constructive,” but New Delhi is making room for strategic wiggle; officials have floated substituting Russian…

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 549, according to Baker Hughes, down 38 from this same time last year. US drillers added 6 oil rigs in the week, according to the data, reaching 424. Year over year, this represents a 60-rig decline. The number of gas rigs fell by 1 to 117 active rigs, which is 18 over this tame time last year. The miscellaneous rig count rose by 2 to 8. The latest EIA data…

Several terminal operators in China’s Shandong province plan to ban entry to old vessels and such with fake or suspicious certificates in a move that appeared to be aimed at the shadow fleet, Reuters reported on Friday, quoting a notice from the operators it has reviewed. The terminal operators Qingdao Haiye Oil Terminal Co, Qingdao Shihua Crude Oil Terminal Co, Qingdao Gangxin Oil Products Co, and Qingdao Lixing Logistics Co, last week issued an official notice for the Huangdao Port. The communication, seen by Reuters, will ban – effective…

Several terminal operators in China’s Shandong province plan to ban entry to old vessels and such with fake or suspicious certificates in a move that appeared to be aimed at the shadow fleet, Reuters reported on Friday, quoting a notice from the operators it has reviewed. The terminal operators Qingdao Haiye Oil Terminal Co, Qingdao Shihua Crude Oil Terminal Co, Qingdao Gangxin Oil Products Co, and Qingdao Lixing Logistics Co, last week issued an official notice for the Huangdao Port. The communication, seen by Reuters, will ban – effective…

Amid all the threats and counterthreats related to warnings NATO is prepared to shoot down Russian aircraft this week, Germany has in a major policy U-turn, called for the European Union to use frozen Russian assets to help fund Ukraine's defense. Berlin's stance the whole time Europe has tried to gain consensus on this issue was marked by prior reluctance, but German Chancellor Friedrich Merz in a newly published op-ed for the Financial Times said the bloc needs to urgently establish a legal framework through which to unlock the assets, calling…

Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub.  The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the Nova Gas Transmission Ltd. (NGTL) system, has been weak all summer and plunged below zero earlier this week.  On Thursday, the daily spot price at the AECO averaged minus 5 cents per million British thermal units (MMBtu), per pricing data of LSEG cited by Reuters. Earlier in the week, the price had slumped to as…

Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub.  The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the Nova Gas Transmission Ltd. (NGTL) system, has been weak all summer and plunged below zero earlier this week.  On Thursday, the daily spot price at the AECO averaged minus 5 cents per million British thermal units (MMBtu), per pricing data of LSEG cited by Reuters. Earlier in the week, the price had slumped to as…

Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub.  The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the Nova Gas Transmission Ltd. (NGTL) system, has been weak all summer and plunged below zero earlier this week.  On Thursday, the daily spot price at the AECO averaged minus 5 cents per million British thermal units (MMBtu), per pricing data of LSEG cited by Reuters. Earlier in the week, the price had slumped to as…

Oil saw a strong rally this week as attacks on Russian oil infrastructure and rising geopolitical risk continue to fuel the rally. 26 September, 2025Moscow’s restrictions on fuel exports, including a full export ban on gasoline and a partial one on diesel, have lifted ICE Brent futures above $70 per barrel this week, further buoyed by market participants distrusting OPEC+’s unwinding of its 2.2 million b/d voluntary cuts, seeing only a fraction of promised barrels in the market. Iraq will be the key price indicator of the upcoming weeks,…

French LNG terminals operator Elengy has issued force majeure notices to customers that its three import facilities in France will not be receiving cargoes until October 2 due to a prolonged strike, a company spokesperson told Reuters on Friday.  France is gripped by a nationwide strike over pay and salary negotiations in the energy sector, which has resulted in lower electricity output at French nuclear power plants and other energy facilities in recent days.  The strike has been affecting LNG terminals, too.  Elengy operates the…

Numbers Report – September 26, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.  Let’s take a look.  OPEC+ Unwinds Cuts, But Real Output Trails Promises OPEC+ countries have agreed to unwind the first tranche of 2.2 million b/d voluntary cuts and have already started to bring back supply from the second tranche…

The arbitrage window for American crude shipments to Asia could soon close amid surging tanker rates and cheaper Middle Eastern oil which is also closer to the world’s top demand region than the U.S. Gulf Coast.   The rates for chartering a supertanker, the so-called very large crude carrier (VLCC) capable of transporting up to 2 million barrels of oil, from the U.S. Gulf Coast to Asia has jumped to $70,000 per day in recent weeks, according to data from the Baltic Exchange cited by Bloomberg. The rates for supertankers on the Middle…