The U.S.-Iran war has driven massive short-term gains in the energy sector, with ExxonMobil and Chevron reporting significant quarterly profit surges. However, experts warn that holding onto these gains for too long could be a mistake, as oil prices are volatile and driven by geopolitics rather than long-term fundamentals.
South Korea's Industry Minister Kim Jung-kwan announced that the first investment project under the bilateral trade deal with the US, focusing on the energy sector, is expected to be unveiled by late September. This marks the initial step in Seoul's $350 billion commitment to US investment.
Australian PM Anthony Albanese and Indian PM Narendra Modi announced a major uranium deal, aiming to end decades of delays for nuclear fuel exports to India for peaceful purposes. The agreement was made during Modi's three-day visit to Australia, where he is also set to address a large rally.
President Putin met with his cabinet to address fuel and transport sector operations. He instructed officials to expedite fuel supplies to Crimea, stating current shortages are temporary and the energy sector has a high safety margin. Measures include rescheduling refinery maintenance and imposing a ban on diesel exports.
Russian Prime Minister Mikhail Mishustin stated that Russia holds the top position among Armenia's foreign trade partners and investors. He noted that Russian companies are actively involved in Armenia's mining, mechanical engineering, transport, energy, and digital economy sectors.
Russia's Deputy Prime Minister Alexander Novak stated that the fuel and energy sector's share in the national GDP has fallen to 13% from 18-20%. The sector's share in revenue also dropped significantly from 42% to 22%. Export share in GDP decreased threefold, while investment share is projected to rise.
President Vladimir Putin stated that Russia is providing assistance to ASEAN member countries in developing their nuclear energy sectors. He highlighted Rosatom's capabilities in building power plants, establishing new industries, training specialists, and sharing knowledge in nuclear medicine and agriculture.
The UK will supply enriched uranium to Ukraine's Energoatom for two years under a £210 million deal to support the country's power grid and energy security. The agreement was made despite ongoing corruption scandals in Ukraine's energy sector and amid Moscow's warnings over nuclear safety.
Russian Prime Minister Mikhail Mishustin is on a working visit to Uzbekistan on June 16-17. He will meet with Uzbek leadership to discuss bilateral cooperation in trade, economy, investment, science, technology, and culture. Priority topics include energy, industry, transport, and agriculture.
A journalist's challenging journey to explore Xinjiang's energy sector, starting with a visit to a large, unstaffed coal mine in northeastern Changji Hui autonomous prefecture, revealing a vast industrial world in China's far west.
Du Xiangwan, a nuclear physicist and CAE academician, confirms his team's role in China's 'zero-waste cities' project, linking nuclear expertise to environmental strategy.
Russia and Saudi Arabia will sign 30 cooperation agreements in sectors including energy, education, and tourism on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud announced the agreements at the forum, where Saudi Arabia is the guest country.
Saudi Energy Minister Prince Abdulaziz bin Salman stated at the St. Petersburg International Economic Forum that the global energy sector needs more stability to avoid further financial losses, emphasizing resilience amidst difficult circumstances.
The global energy sector is experiencing a slight slowdown in oil demand growth due to Middle East tensions, particularly in the Strait of Hormuz. Russia reaffirms its commitment to OPEC+ for market stability, highlighting hydrocarbons' continued dominance in the global energy mix.
Rosatom's Proryv (Breakthrough) project aims to industrialize advanced fourth-generation nuclear technologies and close the nuclear fuel cycle, according to scientific director Yevgeny Adamov. The project seeks to restore the nuclear energy sector's large-scale development potential.
Libya's energy sector is seeing increased interest from Arab and international investors due to improved security and executive flexibility. Memoranda of understanding have been signed, and discussions are underway with major international companies like Chevron to boost oil and gas production and explore new opportunities.
Libya's energy sector is seeing increased interest from Arab and international investors, with the interim government signing a memorandum of understanding with Oman's OQ Group for energy and strategic projects. Meanwhile, US firm Chevron is exploring cooperation with Libya's Arabian Gulf Oil Company, and South Korea has requested facilitation for its companies to invest in Libya's oil and refining sectors.
Baku Energy Week 2026 focused on AI, upstream investment, and gas security, showcasing how energy companies are adapting to geopolitical uncertainty through automation, digital infrastructure, and emissions reduction.
China's National Energy Administration encourages domestic enterprises to integrate AI into the energy sector through state-backed pilot projects, listing 51 application scenarios across 8 core sectors.
Wucaiwan, a boomtown in Xinjiang, China, is rapidly developing due to its immense coal reserves, estimated at 390 billion tonnes. It's a key hub for coal-chemical production, contrasting with the historical dominance of oil in global development.
China's coal-chemical sector is experiencing unprecedented growth due to global supply disruptions caused by the war in Iran. Xinjiang is becoming a major hub for this expansion, with massive infrastructure projects underway.
Russian President Vladimir Putin stated during Russia-China talks that Russia remains a reliable resource supplier and China a responsible consumer amid the Middle East crisis. He highlighted energy cooperation as a driver for economic ties, with joint projects in industry, agriculture, transport, and technology.
The Indian government has rationalised royalty rates and methodologies for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector. This move aims to bring greater clarity, consistency, and predictability to the oil and gas regime, encouraging fresh investments in exploration and production activities.
Ukraine announced it struck two Russian "shadow fleet" oil tankers near Novorossiysk, disrupting Moscow's energy exports. This follows a pattern of Ukrainian drone attacks on Russian oil infrastructure and Russian drone attacks on Ukraine.
