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Vietnam bans exports of listed raw materials and titanium, in force January 2026
Vietnam's export ban, enacted in 2012 and in force in January 2026, covers raw materials of iron, lead-zinc, chromite, manganese, apatite, rare earths, and deeply processed titanium. The policy limits foreign access to these materials in their unprocessed or semi-processed forms from Vietnam.
Tajikistan bans exports of metal waste and scrap, in force January 2026
Export bans on scrap metal are typically introduced to preserve raw material availability for domestic industries. Tajikistan's ban on metal waste and scrap exports, originally enacted in 2020 and still in force in January 2026, restricts the amount of this material that can leave the country for foreign buyers.
North Korea holds 78 thousand metric tons of molybdenum reserves in 2025
Molybdenum is used to strengthen steel and is important in oil refining and chemical processing industries. North Korea's recorded reserves of 78 thousand metric tons of molybdenum in 2025 place it among the countries with quantified holdings of this industrial metal.
Norway holds 37,000 thousand metric tons of titanium mineral concentrate reserves in 2025
Titanium mineral concentrates are the raw feedstock for titanium metal and titanium dioxide, used in aerospace, paints, and coatings. Norway's reserves of 37,000 thousand metric tons in 2025 establish it as a significant holder of this material in the global resource base.
Australia holds 25,000,000 metric tons of nickel reserves in 2025
Nickel is essential for stainless steel and electric vehicle batteries, making reserve figures relevant to long-term industrial planning. Australia's 25,000,000 metric tons of nickel reserves in 2025 represent one of the largest national stockpiles of this material in the world.
The U.S. imports 98% of its xenon consumption in 2025
Xenon is used in ion propulsion systems for satellites, medical imaging equipment, and high-intensity lighting. In 2025, the United States sources 98% of its xenon from abroad, meaning domestic industries that rely on xenon have very limited insulation from foreign supply disruptions.
The U.S. relies on imports for 100% of its rubidium in 2025
Rubidium is used in atomic clocks, research equipment, and some specialized electronics. In 2025, the United States produces none of its own rubidium, making it entirely dependent on foreign sources for this material.
The U.S. imports 93% of its krypton consumption in 2025
Krypton is used in specialist lighting and laser systems, including those with aerospace and defense applications. In 2025, the United States sources 93% of its krypton from outside its borders, leaving domestic users exposed to foreign supply conditions.
China produces 69% of the world's indium in 2025
Indium is widely used in flat-panel displays and thin-film solar cells, making it important to both consumer electronics and renewable energy sectors. In 2025, China accounts for 69% of world indium production, leaving most of the global market reliant on one dominant source.
China supplies 100% of the world's gallium production in 2025
Gallium is a key material in semiconductors and LED technology, and no country other than China is recorded as producing it in 2025. This means the entire global supply of gallium for electronics manufacturing originates from a single country.
China accounts for 88% of world bismuth production in 2025
Bismuth is used in pharmaceuticals, solders, and as a non-toxic substitute for lead in several applications. In 2025, China produces 88% of the world's bismuth, so manufacturers in other countries have limited alternative sources for this material.
China produces 75% of the world's vanadium in 2025
Vanadium is used in steel alloys and large-scale batteries, making its supply chain relevant to construction and energy storage industries worldwide. In 2025, China accounts for 75% of world vanadium production, meaning most countries depend heavily on one source for this material.
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U.S. SPR Depletion Threatens Further Oil Price Volatility
Crude oil prices are on their way up again, driven by the latest flare-up of hostilities in the Persian Gulf—but they are also up because U.S. crude inventories are down again, and the Strategic Petroleum…
White Hydrogen Drilling Push Gains Momentum Across Three Continents
Scientists and start-ups believe naturally occurring hydrogen could be the next major geological breakthrough, unleashing huge amounts of hydrogen to power the clean energy transition. Researchers in the…
U.S. Oil Stocks Drop as Fuel Demand Weakens
Crude oil inventories in the United States saw a decrease of 4.5 million barrels during the week ending August 28, according to new data from the U.S. Energy Information Administration (EIA) released on…
Ukraine’s Refinery Strikes Force Russia to Process Oil Abroad
As Ukraine targets Russia's refineries and fuel shortages worsen across the country, Moscow is now turning abroad to process its oil. Kyiv has knocked out dozens of oil refineries across Russia with drone…
India Boosts Far East Russian Oil Imports as War Upends Trade Routes
India raised its purchases of Russia’s Far East crude blend ESPO in the first seven months of the year as China backed out of the spot market in the first months of the Iran war and deliveries to India from…
Kazakhstan to Double Oil Refining Capacity by 2040
Kazakhstan plans to more than double its crude oil refining capacity by 2040 from current levels by expanding existing capacities and building a major new refinery, the country's Energy Ministry said on…
Qatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags On
Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait of Hormuz in the past month, a move that’s highly…
Pakistan Rejects Costly LNG Cargo as Blackout Risk Deepens
Pakistan may have to extend rolling blackouts after it refused to pay three times the pre-war price for an LNG cargo, which was the only offer its latest emergency tender drew. The single cargo, offered by BP…
U.S. Energy Secretary Says Venezuela Could More Than Double Oil Production
Venezuela’s crude oil production rate could double in the next few years thanks to new deals set to be signed with U.S. and other foreign energy companies, U.S. Energy Secretary Chris Wright has said. “The…
Saudi Arabia Plans To Free 1 Mb/d As it Invests in Nuclear Power
Saudi Arabia’s power stations, desalination plants, factories and farms consume more than 1 million barrels per day of liquid fuel that the kingdom aims to displace by 2030. Natural gas and renewables will…
Major U.S. Oil Port Selected for Nuclear Power Project
The port of Corpus Christi has become one of two ports selected for a project aimed at integrating small modular reactors in a bid to expand the use of nuclear power in more industries—and propel SMR…
Solar Power Is Booming in Emerging Markets
Solar energy is going gangbusters. The world is adding photovoltaic solar panels at a blistering rate, shattering its own records year after year, buoyed by a flood of ever-cheaper solar panels out of China.…
U.S. Crude Inventories Drop amid Continued SPR Draws
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude oil inventories rose by 4.2…
U.S. Lithium Miners Finally Have a Shot at Cashing In
After years of volatile markets, lithium prices are soaring, and everyone wants a piece. As the battery storage sector goes gangbusters on a global scale, lithium spot prices are seeing a major windfall, with…
Bessent Says Strait of Hormuz Obsolete Within Two Years
Treasury Secretary Scott Bessent says Gulf oil producers could bypass the Strait of Hormuz within two years, putting a remarkably short timetable on a pipeline buildout that has accelerated since the Iran war…
Tanzania’s Mining Model Is Starting to Pay Off
In 1967, a Maasai herder called Jumanne Mhero Ngoma stumbled across a clump of unusual violet crystals in the Mereli Hills near the Tanzanian city of Arusha. For his discovery, Ngoma was awarded 50,000…
Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags On
Spot LNG prices in Asia jumped on Tuesday to the highest level since the 2026 winter, as buyers compete for spot cargoes amid the still-stalled LNG traffic through the Strait of Hormuz. Asia’s spot LNG price…
U.S. Energy Storage Capacity Installations Hit Record High in Q2
The U.S. installed a record-high energy storage capacity in the second quarter of the year as grid operators and utilities turned to storage to boost grid reliability and meet rising power demand, a new…
Russia Doubles Dark Fleet to Ship LNG to Asia
In just nine months, Russia has doubled the number of opaque-owned vessels that it uses to ship liquefied natural gas from its sanctioned Arctic LNG 2 export project, a Bloomberg analysis of vessel-tracking…
Solar Overtakes Coal as China's Largest Power Source
Solar power has just become the single largest electricity capacity source in China, toppling coal in a landmark achievement of the Chinese renewable energy rollout. Solar power capacity in China stood at…
Price, Not Politics, Is Driving Most of India’s Oil Buying
India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, the top executive of India’s state-owned Oil and Natural…
Europe’s Wind Power Buildout Jumps 30% in First Half
New wind power capacity in Europe reached 8.8 GW in the first half of the year, up about 30% from a year earlier, according to WindEurope data cited by Reuters. The annual increase was driven by Germany as…
Oil Prices Climb as Trump Threatens New Strikes on Iran
Crude oil prices extended their earlier climb after President Trump issued his latest threat to Iran, following the first exchange of fire in weeks. At the time of writing, Brent crude was trading at $91.48…
Why More Venezuelan Oil Won’t Solve America’s Gasoline Problem
Venezuela has the largest proven oil reserves in the world, and its heavy crude is particularly well suited to the sophisticated refineries lining the U.S. Gulf Coast. More Venezuelan oil should help U.S.…
Iran War Triggers Billions in New Oil Pipeline and Port Investment
The severe disruption of oil and gas flows out of the Persian Gulf resulting from the war between the U.S. and Israel and Iran, has saddled energy-importing nations with soaring bills, supply uncertainty, and…
Canada Tariffs Deepen North America’s Steel and Aluminum Squeeze
The renewed trade war between the United States and Canada adds even more uncertainty to the complex steel and aluminum supply chains critical for heavy manufacturing and North America’s automotive industry.…
BP Adds 80 MMcf/d to Egypt’s Gas Supply Two Years Ahead of Schedule
Roughly two years ahead of schedule, BP has started production from the Fayoum-4 well in Egypt’s West Nile Delta, adding around 80 million cubic feet per day of natural gas to a market where declining domestic…
Russian Oil Is No Longer India’s Easy Bargain
India’s crude imports fell in August, and Russia’s share declined with them, exposing a supply problem that seasonal refinery patterns alone cannot explain. The usual maintenance period at Indian plants comes…
SLB Makes $3.4 Billion Bet on AI Data Center Boom
The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom. SLB said Monday it will acquire German cooling equipment maker Kelvion, more…
Europe Gas Prices Jump 5% to Highest Level Since 2023
European benchmark natural gas prices jumped by 5% in early morning trade on Monday as the re-escalation of hostilities between the United States and Iran intensified concerns about LNG supply from the Middle…
China Coking Coal Prices Set for Record 46% Monthly Surge
Supply issues have been tightening the Chinese coking coal market for months, pushing the price of the key steelmaking raw material a record 46% in August alone, the biggest surge on record. Coking coal…
Asia Steps In to Fill Diesel Supply Gap in Africa as Middle East Exports Crash
Asia’s diesel exports to Africa are surging to nearly five-year highs, as Middle East’s sales to Africa crashed to nine-year lows amid threats to shipping and refinery outages, a Reuters analysis of…
China's LNG Imports Set to Drop 18% in August as Prices Soar
China’s liquefied natural gas imports are on track to slump by 18% in August from a year earlier, bucking a three-month-long trend of growing purchases this summer, as high LNG prices put off some…
Lithium Miners Cash In as Battery Storage Demand Surges
Lithium miners are reporting strong profits for the first half of the year thanks to stronger demand for battery storage, Bloomberg reported today, noting some of them are planning production ramp-ups and…
Asian Refiners Turn to Argentina as Iran War Disrupts Oil Supply
Asian crude oil importers, including China, Japan, and South Korea, have turned to buying oil from as far as Argentina to offset supply losses from the Middle East, anonymous traders with knowledge of the…
Trump Says Venezuelan Oil Will Refill U.S. Strategic Petroleum Reserve
The United States will use Venezuelan crude to refill the Strategic Petroleum Reserve, President Donald Trump said on Sunday on social media. Describing the move as a “Gift from Venezuela to the People of the…
U.S. Army To Spend $2.2B On Nuclear Microreactors At Military Bases
Back in October 2025, the U.S. Army unveiled the Janus Program to supply portable nuclear microreactors to military bases by 2028. Whereas these reactors are much smaller than conventional nuclear plants, they…
Data Centers Are Driving a New U.S. Natural Gas Buildout
The expansion of data centers to power the artificial intelligence boom is causing a natural gas revival in the United States. Planned gas-fired power capacity tied to data centers nearly doubled in the first…
Saudi Arabia Backs Turkey’s Rapid Renewable Energy Buildout
Turkey and Saudi Arabia have announced ambitious plans to cooperate on renewable energy, as both countries aim to deploy vast amounts of clean power. Saudi Arabia has already invested heavily in Turkey’s solar…
Solar Has Crossed a Critical Economic Tipping Point
For years, the economic case for solar came with an awkward qualification. Yes, it had no fuel bill. Yes, its operating costs were low. And yes, over the life of a project it could already produce cheaper…
America’s Electricity Boom Is Outrunning Its Power Grid
The United States’ energy grid is under extreme duress as rapid electrification and energy demand place increasing and unprecedented demand on transmission infrastructure. The artificial intelligence boom is…
Oil-Rich Azerbaijan Bets Big on a Clean Energy Boom
Azerbaijan is one of the world’s oldest oil producers and exporters, having pumped crude since the mid-19th century, and remains a major global oil producer. It has long relied on oil and gas to meet its…
The AI Boom Could Triple Data Center Water Use by 2030
The massive data center capacity scale-up underway has focused attention on the scale of water required for these facilities to operate. Rystad Energy estimates that without water-saving measures in place…
Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure
Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG deliveries into November amid still blocked transits through the…
Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens
Ukraine’s forces struck the Slavneft-YANOS oil refinery in Yaroslavl, Russia, early on Friday, with drones causing a fire at the facility, the Ukrainian General Staff said, as Ukraine continues to pound…
Qatar Extends Force Majeure as Hormuz Crisis Still Blocks LNG Traffic
Qatar’s state-owned QatarEnergy has extended by several weeks its force majeure on LNG deliveries to customers as the LNG flows at the Strait of Hormuz remained blocked despite increased oil flows. QatarEnergy…
U.S. uranium production more than tripled in 2025 and was the highest since 2017
In 2025, uranium concentrate production in the United States totaled 2.1 million pounds of triuranium octoxide (U3O8), the base component of nuclear reactor fuel. U.S. U3O8 production in 2025 was the most…
Amazon Nears 1 GW of Wind Power in Sweden With Four New Deals
Amazon has expanded Germany’s largest-ever power purchase agreement (PPA), signed in June, and announced another four deals to buy power from four wind farms in Sweden as the e-commerce giant and other…
Oil Selloff Outruns Reality in Hormuz
WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62 as traders sold on reports that Iran, Oman…
Pakistan’s Five Refineries Set for $6 Billion Upgrade Push
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Representatives…
China’s Solar Boom Hits a Wall as Industry Losses Mount
Three of China’s top solar market players reported deepening losses over the first half of the year, reflecting weakening demand for solar in the world’s top manufacturer and generator. Jinko Solar, JA Solar…
Oil Prices Head for a Weekly Loss Despite Escalating Iran Tensions
Crude oil prices were on course to book another weekly loss despite no sign of any progress being made towards peace between Iran and the United States. At the time of writing, Brent crude was trading at…
Egypt’s LNG Comeback Is Set to Start in Cyprus
Egypt’s gas sector is running short of domestic gas just as Cyprus prepares to become a producer. The recently approved Cronos project offshore Cyprus (expected to deliver up to 2.8 million tonnes per year of…
East Africa’s Oil Rivalry Spurs Multi-Billion-Dollar Projects Across The Region
Last month, we reported that Nigerian billionaire and Africa’s richest man, Aliko Dangote, has agreed to build a $17 billion (Ksh2.2 trillion), 700,000-barrel-per-day refinery on Kenya’s Lamu Island that would…
DoE Begins Tests for Fracked Geothermal
The Trump administration is no friend of wind and solar. Axed subsidies and project suspensions have been the attitude towards those alternative forms of energy. Geothermal, however, is something else. The…
Europe Heads Into Winter With Gas Storage at a Two-Decade Low
Europe is heading for the winter with one of the lowest levels of gas in storage in the past two decades as the war in the Middle East crippled LNG supply from Qatar, sent gas and LNG prices in Europe and Asia…
Trump’s War on Offshore Wind Leaves U.S. Workers in Limbo
United States President Trump has strongly criticised wind power since coming into office, introducing several executive actions aimed at restricting the development of wind farms. Trump has particularly…
Trump Sends Saudi Nuclear Deal to Congress as Riyadh Rejects Israel Condition
Trump has formally sent the landmark U.S.-Saudi civilian nuclear agreement to Congress, even as Riyadh reiterated Thursday that it will not normalize relations with Israel without an independent Palestinian…
45 Power Plants in India Running on Critically Low Levels of Coal Stocks
As many as 45 coal-fired power plants in India are currently operating with critically low levels of coal stocks, as electricity demand rises amid the strong El Nino but supply is disrupted by monsoon rains…
Fortum Seeks State Aid for Major New Nuclear Project in Sweden
Nordic energy company Fortum on Thursday said it had submitted a state aid application to start talks with the Swedish state on the terms and conditions to advance a new nuclear power project in Sweden as the…
TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project
French oil and gas supermajor TotalEnergies has completed the transfer of its 10% stake in the Arctic LNG 2 to operator Novatek, ending its participation in the sanctioned Russian export project. TotalEnergies…
Weak Asian Oil Imports Challenge Claims of Surge in Hormuz Transits
Asia is expected to welcome roughly the same volumes of crude oil this month as it did in July, with these still weak imports not signaling a surge in tanker crossings at the Strait of Hormuz as the U.S.…
Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using…
Thailand Accelerates Clean Energy Push to Cut LNG Dependence
Thailand plans to accelerate the rollout of renewable energy sources and embrace nuclear power for the first time to cut reliance on imported LNG in the wake of the Middle East crisis, Energy Minister Akanat…
Eight petroleum liquids pipeline projects have been completed since the start of 2025
In the 2026 release of our Liquids Pipeline Projects Database, we tracked the completion of 8 liquid fuels pipeline projects since the start of 2025, and an additional 14 new projects have been announced.
Dangote refinery drives increase in petroleum shipments from Nigeria
Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the international market for petroleum products at a time when supplies from other areas have…
Longer wells boost Permian crude oil and natural gas production
Well operators in the Permian region of western Texas and eastern New Mexico are getting more oil and gas out of the ground by drilling longer, horizontal wells and increasingly incorporating so-called…
Waterborne shipments from the U.S. Gulf Coast increased in April and May
Waterborne shipments of crude oil and petroleum products from the U.S. Gulf Coast (PADD 3) to the West Coast (PADD 5) more than quadrupled year-on-year in April and May following a waiver that permitted a…