London, September 03, 2025, (Oilandgaspress) ––Oil up by more than 1% in the recent trading sessions after the U.S. imposed new sanctions on a network of shipping companies and vessels led by an Iraqi-Kittitian businessman for smuggling Iranian oil disguised as Iraqi oil.
U.S. crude oil stockpiles were expected to have fallen last week, along with distillate and gasoline inventories, a preliminary Reuters poll showed on Tuesday. Three analysts polled by Reuters ahead of weekly inventory data estimated on average that crude inventories fell by about 3.4 million barrels in the week to August 29. Read More
China is reportedly to build a land-based ‘Suez Canal’ to connect Europe and Asia. Chongqing in China has become a major hub for an overland trade route that some say could become the new Suez Canal. The route is served by rail, and is expected to become Asia’s most important logistics hub. The South China Morning Post said the city has quickly emerged as a strategic fulcrum in China’s trade network, and its model—if it continues to succeed—could inspire the government to go for similar investments in the west of the country. The delivery time over land is 10-20 days shorter than traditional sea routes, and considerably simplifies customs issues. The launch of the ASEAN bullet train in 2023 cut the shipping time between Hanoi and Chongqing to just five days, from which goods will reach Europe in less than two weeks.
In addition to its strategic location, Chongqing is a major production powerhouse, responsible for manufacturing about a third of the world’s laptops, a major base for the production of electric cars, and a major export centre for a quarter of China’s cars. Read More
At the recent large-scale Victory Day parade in Beijing, China showcased its newest intercontinental nuclear missile, the Dongfeng 5C (DF-5C). The DF-5C has an estimated range of more than 12,427 miles (20,000 kilometers). This places the entire globe within its strike range, giving it the ability to deter threats and reinforce global stability.
“The DF-5C liquid-fueled intercontinental strategic nuclear missile integrated technologies and experiences throughout the development of China’s previous DF series missiles, including technological advantages of the DF-5 series and DF-41 missiles,” said Professor Yang Chengjun, an expert on missile technology and nuclear disarmament.
World leaders, including Russia’s Vladimir Putin, North Korea’s Kim Jong-un, Belarus’ Alexander Lukashenko, and Malaysia’s Anwar Ibrahim, attended the ceremony. Read More
SGN announced the results of its live transmission system (LTS) futures trial in Scotland, which took place over the summer. The project focused on the UK’s high-pressure Local Transmission System (LTS) – an 11,600km pipeline network that brings gas from the national system to homes, businesses and industries in local communities. It aimed to answer a key question – can the same techniques that are used to maintain and operate natural gas networks today be used on live hydrogen pipelines in the future?
In a UK first, a representative 30km stretch of the LTS pipeline, which runs between Granton near Edinburgh and Grangemouth, was safely repurposed to carry hydrogen. LTS Futures will create a blueprint for repurposing the entire LTS to hydrogen. This could help create regional hydrogen hubs, support industrial clusters, and potentially provide a pathway for a wider transition to low-carbon hydrogen. As a critical part of the UK’s gas infrastructure, the successful conversion of the LTS to hydrogen would mean a low-disruption, resilient backbone for our net zero energy system. Read More
UK might have to import 70% of its oil and gas demand by the end of this decade if there is not “sustained investment” in the sector, industry leaders have warned. It comes after a report said production from the North Sea fell to a “historic low” in 2024, leaving the UK needing imports of oil and gas to meet more than 40% of its energy needs.. That is despite Offshore Energies UK (OEUK) insisting there are still “significant oil and gas reserves” in the North Sea, with the industry body saying these could be realised if there was “continued support for the sector”. As part of this, OEUK chief executive David Whitehouse argued that scrapping the current windfall tax on oil and gas, and replacing it with more “appropriate price mechanisms”, could help deliver more than two billion barrels of oil and gas – and add up to £150 billion to the UK’s economy. Read More
Shell announced it has abandoned construction of one of Europe’s largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business. Faced with weak market conditions, the company last year suspended construction of the renewables biofuel factory in Rotterdam that was intended to produce sustainable aviation fuel (SAF) and diesel from waste.The project was first announced in 2021 as part of plans to help Europe meet internationally binding emissions reduction targets.
Shell and rival UK energy giant BP have been walking back various climate objectives and focusing more on oil and gas to raise their profits, which has drawn criticism from environmental activists.
More than half of the facility’s capacity was intended to produce SAF — a biofuel made from plant and animal materials like cooking oil and fat which produces lower carbon emissions than traditional jet fuel.
Under plans to tackle climate change, the EU requires airlines to gradually increase the amount of SAF they use to power planes.
Airlines, however, complain that SAF is not widely available and too expensive. Read More
Tata Motors announced the launch of the all-new Tata LPT 812, its latest offering in the Intermediate, Light and Medium Commercial Vehicles (ILMCV) segment. Setting new benchmarks in operational efficiency, and total cost of ownership, the Tata LPT 812, with its higher payload capacity, is engineered to deliver greater profitability for fleet owners.
Equipped with factory-fitted air-conditioning, the LPT 812 is India’s first 4-tyre truck with a 5-tonne rated payload – offering unmatched payload capacity with easy urban operability. Built on Tata Motors’ proven LPT platform, the vehicle delivers the ruggedness of a 6-tyre vehicle with the efficiency, agility, and lower maintenance of a 4-tyre truck. Offered with multiple load body options, the vehicle supports a wide range of applications including industrial goods, market load, F&V, courier, among others.
Powered by the trusted 4SPCR diesel engine, the Tata LPT 812 delivers 125hp and 360Nm torque—ensuring superior performance with high fuel efficiency. It is paired with a 5-speed gearbox and a booster-assisted clutch for smooth gearshifts and reduced driver fatigue. Safety and durability are enhanced through improved braking and heavy-duty radial tyres for effortless load carrying. Built for optimal comfort and handling, the truck features parabolic front suspension with an anti-roll bar, full S-Cam air brakes, and tilt & telescopic power steering. Backed by a 3-year/3 lakh km warranty, the LPT 812 assures long-term reliability, peace of mind, and strong value for fleet owners. Read More
Eni announced the official launch of the tree-planting campaign under the Conservation & Restoration of Classified Forests (CRCF) project in the Massa-Mé forest, one of the 14 forests identified by the initiative. This marks the operational start of a forest conservation and restoration project developed jointly with Ivorian institutions. The aim is to contribute to the fight against deforestation, protect biodiversity, and create lasting value for local communities.
The project is part of the United Nations’ REDD+ program – Reducing Emissions from Deforestation and Forest Degradation – which Côte d’Ivoire joined in 2011 to counteract the loss of its forest heritage. Over the past century, the country has experienced a reduction of more than 90% of its forest cover, mainly due to human activities, urban expansion, and illegal logging, with significant consequences for biodiversity and the forests’ ability to absorb CO₂. The tree-planting campaign in Massa-Mé represents the first implementation phase of a 30-year project (2025–2055) involving 14 classified forests in the Lagunes and Comoé districts, covering a total area of approximately 155,000 hectares. The plan was developed in collaboration with the Ministry of Water and Forests on behalf of the Ivorian government and is set to become one of the region’s most significant Natural Climate Solutions (NCS) initiatives. Read More
U.S. manufacturing contracted for a 6th straight month in August as factories dealt with the fallout from the Trump administration’s import tariffs, with some manufacturers describing the current business environment as “much worse than the Great Recession.”
The Institute for Supply Management (ISM) survey on Tuesday also showed some manufacturers complaining that the sweeping import duties were making it difficult to manufacture goods in the United States. President Donald Trump has defended his protectionist trade policy, which has raised the nation’s average tariff rate to the highest in a century, as necessary to revive a long-declining U.S. industrial base. Read More
The Germany based factories of insolvent Swiss solar cell manufacturer Meyer Burger ceased operations on Monday, as no investor to take over the plants had been found, the administrators said on Tuesday. Most of the 540 workers at plants in Bitterfeld-Wolfen in the state of Saxony-Anhalt and Hohenstein-Ernstthal in Saxony had been released or given notice, they said.. The insolvency administrators said there were still ongoing talks with potential investors, and they are open to other offers, but there are no indications of investor interest. Read More
Toyota will invest €680 million ($792 million) on a new production line in the Czech Republic to make a battery electric car. The line will be built with a government incentive of up to 64 million euros ($75 million) to expand Toyota’s existing plant in Kolin, around 50 kilometers (31 miles) east of Prague, the Czech government and the company said in a joint statement. Prime Minister Petr Fiala said the new line will create another 245 jobs at the factory that already employs 3,200 people.
Toyota did not disclose details of when production would start or of the model.. Read More
Toyota Motor Corporation (Toyota) announced that it has joined “TOKYO H2,” a new project launched by the Tokyo Metropolitan Government on September 3 aiming to make Tokyo a global leader in hydrogen. As part of this public-private initiative, the Crown has been introduced into the fuel cell taxi fleet to expand adoption.
The Crown combines the exceptional quietness unique to a fuel cell vehicle (FCEV) with spacious rear seating and excellent ease of entry and exit, delivering comfortable and a premium travel experience unmatched by conventional taxis.
To achieve the Tokyo Metropolitan Government’s target for introducing fuel cell taxis (approximately 600 by fiscal year 2030), Toyota will also aim to introduce 200 units by fiscal year 2025 and provide support.
To coincide with the project’s launch, Toyota has renovated and reopened the TOYOTA MIRAI Showroom in Minato City, Tokyo originally established in 2015 as an information center on fuel cell vehicles (FCEVs) and hydrogen as the TOKYO H2 HUB. The new facility will serve as a hub for collaboration among companies and organizations working toward a hydrogen society, contributing to the project’s advancement and to the broader adoption of hydrogen energy. . Read More
Daimler Truck Fuel Cell Trucks Successfully Complete More Than 225,000 Kilometers Daimler Truck looks back on a successful year of initial customer trials for its Mercedes-Benz GenH2 Truck. In July 2024, the company started the trials with the deployment of five Mercedes-Benz GenH2 Trucks together with Air Products, Amazon, Holcim, INEOS Inovyn and Wiedmann & Winz in regular logistics operations. The aim was to test the reliability and efficiency of the vehicles under real-world conditions and to give these customers the early opportunity to gain first-hand experience in transporting goods with fuel cell trucks. In total, the five prototypes have now covered more than 225,000 kilometers in customer operations. This distance corresponds to about five trips around the earth along the equator. For the same total distance, a comparable diesel truck with a gross combination weight of 25.6 tonnes would have had to refuel around 58,000 litres of diesel, emitting around 154 tonnes of CO2*.
During the almost year-long deployment, the prototypes of the Mercedes-Benz GenH2 Truck impressed with the high efficiency of its fuel cell, which is developed and manufactured by cellcentric, a joint venture of Daimler Truck and Volvo Group. Over the total mileage, the average hydrogen consumption lay between 5.6 kg/100 km and 8 kg/100 km depending on the application, with an average gross combination weight between 16 tons and 34 tons. Read More
Independent Petroleum Association of America (IPAA) Board of Directors announced the appointment of Edith Naegele as the association’s new President and Chief Executive Officer, effective September 22, 2025. The IPAA has over 5,000 members who produce and develop oil and natural gas resources in 34 states across the United States along with members who service and support the industry.
Naegele is currently Vice President, Membership and Strategic Development & Corporate Secretary of the American Gas Association which represents more than 200 local energy companies committed to the safe and reliable delivery of natural gas to more than 79 million customers throughout the nation. She has served in this executive role since joining the AGA in 2021. Prior to the AGA role, she worked for the U.S. Chamber of Commerce in roles of increasing responsibility from 2003 with her last role as Senior Vice President where she oversaw membership development and engagement. Naegele holds a Master of Arts in Science, Technology and Public Policy from The George Washington University’s Elliot School of International Affairs, and Bachelors of Arts in History and Asian Studies from the University of Oregon.
Naegele’s priorities will include engaging with IPAA membership across the country to better understand the issues facing the upstream oil and natural gas industry. Read More .
Eni presented its second sustainability report dedicated to Côte d’Ivoire, reaffirming its commitment to a just energy transition that integrates economic growth, social inclusion, environmental protection and the valorization of local content. The presentation ceremony, held in Abidjan, was attended by representatives from institutions, academia, the private sector, international cooperation and civil organizations, reflecting the collaborative and inclusive approach that characterizes Eni’s presence in the country. The report confirms the decarbonization path of the Baleine project, the first net zero emissions (Scope 1 and 2) upstream development in Africa, thanks to the use of the best-in-class technologies and local initiatives aimed at offsetting emissions. In 2024, In 2024, a 30-year conservation and restoration project was successfully launched to protect 14 forests in the Lagunes and Comoé regions. The initiative is expected to have direct and indirect positive impacts on over 300,000 people. In 2025, with the planting of the first 100 hectares, the groundwork began for the planting of around 12 million native trees as part of the project. At the same time, the Clean Cooking program, launched in 2022, has reached a significant milestone, by involving over 750,000 people through the distribution of improved cookstoves and the issuance of the first certified carbon credits. Both projects will make a tangible contribution to reducing emissions and improving the living conditions of vulnerable communities, in line with environmental and social sustainability objectives. Read More
In the period from 25 to 29 August 2025, Eni acquired on the Euronext Milan no. 2,629,136 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 15.2141 euro, for a total consideration of 39,999,996.51 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation. From the start on 20 May 2025 of the buyback program, Eni acquired no. 51,052,637 shares (equal to 1.62% of the share capital) for a total consideration of 720,047,899.18 euro. Considering the treasury shares already held and the purchases made, Eni holds n. 142,662,964 shares equal to 4.53% of the share capital. Read More
Growth in the UAE’s non-oil private sector rebounded slightly in August on a faster expansion in output, but sales increased at their weakest pace in more than four years, a survey showed on Wednesday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose slightly to 53.3 in August from a 49-month low of 52.9 in July, remaining above the 50.0 mark that signals growth.
Competition and supply chain challenges were among reasons cited for the slowdown in sales growth in August, with the New Orders subindex falling to 53.1 from July’s 54.2, marking the lowest reading since June 2021. Read More
OPEC+ reportedly will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share. Another boost would mean that OPEC+, which pumps about half of the world’s oil, would be starting to unwind a second layer of output cuts of about 1.65 million barrels per day, or 1.6% of world demand, more than a year ahead of schedule.
Eight OPEC+ countries are due to hold an online meeting to decide output for October on Sunday.
There is also a chance, some analysts and an OPEC+ source said, that OPEC+ could pause the increases for October.
A final decision has not been made, the OPEC+ source said. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $64.17 | Down |
| Crude Oil (Brent) | USD/bbl | $67.90 | Down |
| Bonny Light 01/09/25 CBN | USD/bbl | $70.33 | — |
| Dubai | USD/bbl | $69.38 | — |
| Natural Gas | USD/MMBtu | $3.01 | Up |
| Murban | USD/bbl | $70.28 | Down |
| OPEC basket 02/09/25 | USD/bbl | $71.74 | Up |
Porsche highlights at the IAA motor show
From the Porsche 356 to the Mission E: these 10 memorable moments from the IAA motor show demonstrate how Porsche has combined automotive innovation and passion for decades. The Mission E steals headlines as Porsche’s answer to the future of electric mobility when it is revealed at the 2015 IAA. With 800-volt technology, an output of more than 600 PS and a futuristic design, it becomes the basis for the all-electric Taycan and marks the beginning of a new era.
Porsche at IAA Mobility 2025
Porsche’s presence at IAA MOBILITY 2025 promises to be just as exciting for visitors, with a number of innovations set to be revealed. In Munich, Porsche will once again showcase pioneering technology and products – all in the spirit of innovation, design and sportiness. Read More
CME Group reported its second-highest August average daily volume (ADV) of 28.1 million contracts. The company set an August ADV record in 2024 with 31.7 million contracts. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
August 2025 ADV across asset classes includes:
• Interest Rate ADV of 16.2 million contracts
• Equity Index ADV of 6.3 million contracts
• Energy ADV of 2.2 million contracts
• Agricultural ADV of 1.9 million contracts
• Metals ADV of 688,000 contracts
• Foreign Exchange ADV of 670,000 contracts
• Record Cryptocurrency ADV of 411,000 contracts ($14.9 billion notional) Read More
Elke Pusskeiler, currently Head of “Operations Supply Chain”, will take over as Head of “Mercedes-Benz Vans Operations” on October 1, 2025. She succeeds Francesco Ciancia, who will leave the company at his own request.
Elke Pusskeiler began her career in 1991 at the former Daimler-Benz AG in logistics in Sindelfingen. After various positions in controlling, program planning, and final assembly of seats and engines, in 2014 she took over as Head of “Program, Capacity Planning, and Methods”. From 2019, she was responsible for manufacturing in the global compact cars production network of Mercedes-Benz Cars and then, in 2020, took over as Head of Supply Chain Management. During this time, she significantly shaped the restructuring of the Sustainable Infrastructure area as well as the close collaboration between logistics, purchasing, and sales. The management of Mercedes-Benz Vans Operations is responsible for all production-related areas such as manufacturing, engineering, logistics, and quality management. Mercedes-Benz Vans has production sites in Germany, Spain, Poland, the USA, and, via cooperation partners, in China. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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