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Saudi Arabia and the UAE are two neighboring countries located in the Persian Gulf and aim to increase economic cooperation.
According to the written statement made by the Ministry of Energy of Saudi Arabia, Minister of Energy Abdulaziz bin Salman met with UAE Minister of Investment Mohammed Hasan al-Suveydi in the capital Riyadh.
During the meeting, a memorandum of understanding was signed between Saudi Arabia and the UAE, aiming to strengthen cooperation in the field of energy, transportation and transportation.
The agreement signed between two Arab countries in the Persian Gulf envisages the interconnection of electricity networks and the development of cooperation in railway connections that will facilitate transportation and transit, as well as electricity trade.
The agreement also aims to strengthen the logistics integration between the two countries, increase efficiency in supply chains, develop economic development opportunities and contribute to regional integration.
China is preparing to restart refined fuel exports in October, which it temporarily stopped during the Golden Week holiday. The decision will help ease supply tightness in global diesel, gasoline and jet fuel markets, according to four trade sources spoken to by Reuters. China approved the export of approximately 3.7 million metric tons of gasoline, diesel and jet fuel in October, and more than 4 million tons of these products were expected to be exported in September. China, which restricted fuel exports in March due to the war with Iran, loosened the controls in the July-September period, but keeps exports under tighter control based on monthly inspection. The export decision was effective because the Middle East war and the Russia-Ukraine conflict disrupted refined fuel production and increased diesel prices. The International Energy Agency (IEA) decided this week to accelerate the use of oil stocks and prioritize diesel supply.

According to the data of the Ministry of Energy and Natural Resources, the share of renewable energy electricity production in Türkiye increased to 56.4% in August. While the total production of solar and wind power plants reached the highest monthly level of all time, hydroelectricity remained the largest renewable resource with a share of 24.7%. The share of domestic resources in total production was 69.7%.
Oil prices fell on Friday as US President Donald Trump said he would not attack Iran and talks progressed to reopen the Strait of Hormuz. Brent fell to $103.53 per barrel and WTI fell to $90.97.
The European Network of Transmission System Operators for Gas (ENTSOG) reported that Europe entered the winter of 2026-2027 with historically low natural gas stocks. The report emphasized that the continuity of LNG shipments is critical for supply security.

Fraunhofer ISE has developed a new architecture that increases battery energy density by 15% by thickening the electrode structure. This technology, which does not contain PFAS and offers lower-cost production, has the potential for commercialization on an industrial scale.

Expectations of an escalation in US-Iran tensions and tanker attacks in the Strait of Hormuz increased oil prices. While Brent oil exceeded $105, the decrease in US stocks more than expected fueled supply concerns.