Eni Industrial Evolution and FIB agree to develop an integrated industrial LFP battery chain in Italy, with a capacity exceeding 8 GWh annually by 2029 and the goal of capturing more than 10% of the European stationary storage market.
South American oil exports reach 787 million barrels in 2026. Brazil, Guyana, and Venezuela consolidate the region as the new global swing supplier.
OPEC reduced its oil demand growth forecast for 2026 from 1.38 to 1.17 million bpd, the organization's most significant adjustment in months, with direct impact on global investment plans.
India raises its Venezuelan crude imports to 427,000 bpd in May 2026, with Reliance Industries as the main buyer, cementing India as the largest global destination.
TotalEnergies Arctic LNG 2 moves into a new phase after Russia authorized the transfer of its 10% stake to Novatek.
U.S. commercial crude inventories fell by 6.8 million barrels in the week ending May 29, marking seven consecutive weeks of reduction, according to the American Petroleum Institute.
Brent crude approaches $100 per barrel after the breakdown of negotiations between Washington and Tehran regarding the Strait of Hormuz, critical for 20% of global LNG.
Vitol warns that the market underestimates the oil supply crisis: 14 million bpd out of the market and a 4-5 million bpd drop in demand create a hidden risk.
Aramco warns of underinvestment in refining: 3 million bpd lost and 14 million bpd from the Middle East off the market threaten global energy security.
The Strait of Hormuz continues to shape the energy market as Kuwait accelerates the recovery of 70% of its oil production.
U.S. LNG flows fell to a four-month low after maintenance at Golden Pass and Freeport LNG, impacting the natural gas market.
Ksi Lisims LNG strengthens European energy security after signing a supply agreement with SEFE to export Canadian gas to Germany.
