China and India now account for more than 41% of purchases of Russian crude oil, but there are signs that their buying has maxed out.

Imports from Russia rose by 49% last month, while Chinese exports to Russia jumped by nearly a quarter, the latest customs data revealed

A heatwave spurred power generators in China to ramp up purchases of coal in July by 24% over the previous month, driven by greater use of air conditioners in many cities.

The new target will focus on renewable and nuclear power, said the report, taking another step towards India's net zero by 2070 ambition

Four Chinese companies based in Hong Kong, plus one in Singapore and one in the UAE have been targeted by a third round of US sanctions against firms trading in Iranian oil

The marine news publication Lloyd's List said an anonymous entity based in Dalian has bought several very large crude carriers to create the hub off the coast of Portugal

The Pakistan Ministry for Energy wants to move away from imported power sources like coal and use more wind, solar and hydroelectric

In 2021 and the first quarter of 2022, new coal power plants were approved in six provinces. Beijing needed to decide these moves, it said, not state entities run by provincial governments

Reliance emerged as one of the key buyers of discounted Russian crude after some Western buyers shunned it following Moscow's invasion of Ukraine in late February

Woodside's shares fell after its full-year output was announced at between 88 million and 94 million barrels of oil equivalent (mmboe), down 4 mmboe from its previous forecast

The US confidence in a price cap follows positive reaction by China and India to the plan, which would limit Moscow’s revenues over its aggression in Ukraine

The equivalent of about 1.77 million barrels per day (bpd) of Russian oil were shipped to China, down from May's record of 1.98 million bpd, a level analysts had expected to be maintained