Oman’s refinery products output declined by 6.8 per cent in the first five months of 2026, reaching 89.916 million barrels compared with 96.522 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
Russia’s natural gas exports to the European Union (EU) rose by around 18 per cent in the first half of the year, according to the Russian Energy Ministry.
Solar power became the European Union’s largest source of electricity for the first time in June, generating a record 52 terawatt-hours (TWh) and supplying 25 per cent of the bloc’s monthly electricity, up from the previous record of 47 TWh (23 per cent) set in May 2026.
Global renewable electricity generation rose 9.8 per cent in 2024, far outpacing the 1.4 per cent growth in non-renewable generation, according to the International Renewable Energy Agency’s (Irena) Renewable Energy Statistics 2026.
Topsoe and Sasol have signed a licensing agreement with Allied Biofuels to provide core technology, engineering and technical services for a sustainable aviation fuel (SAF) facility in Uzbekistan’s Khorezm region, supporting the project’s advanced eSAF production pathway.
Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports.
Abu Dhabi-based investment group 2PointZero has announced that it has struck a $2.25 billion deal to acquire US-based Traverse Midstream Partners through its energy infrastructure subsidiary ePointZero, a move that gives it minority, non-operated stakes in two US midstream assets.
Global engineering solutions provider Kent has strengthened its footprint in Saudi Arabia after securing long-term agreements and project management consultancy (PMC) contracts with Saudi oil giant Aramco, positioning the company for future brownfield EPC work in the kingdom.
Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects.
Tolls in the Strait of Hormuz now look almost impossible to avoid. Should they land, the world would be paying a new tax on energy itself, and everyone from investors to households would feel it.
