Fossil fuel subsidies have risen $2 trillion to $7 trillion, according to the International Monetary Fund, as governments around the world try to protect consumers from rising energy prices

Asian markets were mixed on Tuesday, with stocks in China flat, while shares in Japan, Korea, Malaysia and Australia rose

The world's most polluted city has also imposed curbs on vehicle use from next week, and has appealed to neighbouring states to halt crop burning

Petrostates and oil, gas and coal companies still intend to keep on making trillions of dollars a year by increasing production

The US Treasury has imposed sanctions on Myanma Oil and Gas Enterprise, the ruling junta's main source of foreign revenue, in a bid to stop the military's deadly attacks on civilians

"If China’s near-term growth were to slow by another percentage point, this would reduce 2030 coal demand by an amount almost equal to the volume currently consumed by the whole of Europe."

Shares rose slightly on markets in mainland China but dropped in Hong Kong, while Japan, Seoul and Sydney rebounded after three days of falls; Asian currencies edged higher

Sources say the Modi government has become uncomfortable with using yuan for settlement, while refining sources said settlement in yuan also increases Indian traders' costs

Putin’s trip comes at a crucial time for China’s Xi, who is also likely to meet with US President Joe Biden next month

The US State Department says price caps on Russian oil lets buyers, like China, "drive a harder bargain" in their purchases

Seven China equity funds, including hedge funds and mutual funds, with more than $500 billion in combined assets, say they visited the Middle East this year to raise money, three for the first time

India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions were imposed on Moscow over its invasion of Ukraine