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Latest: Energy News

Billion-Dollar Oil Fraud in Mongolia Hits Trafigura Profit
Billion-Dollar Oil Fraud in Mongolia Hits Trafigura Profit

Trafigura attributed the majority of debts owed by its counterparty in the country, Lex Oil, but its own internal probe is ongoing to try to locate around $500 million.

China ‘Keen For Talks on Trade Deal to Reduce Tariffs Threat’
China ‘Keen For Talks on Trade Deal to Reduce Tariffs Threat’

China may seek to buy US food and energy in a trade deal with Trump to avoid new tariffs, but cutting the flow of fentanyl may also be a factor, analysts say

India Moves to Curb Imports of Chinese Solar Cells
India Moves to Curb Imports of Chinese Solar Cells

Indian clean energy firms will only be allowed to use locally-made solar cells from approved companies in state projects from June 2026, the government has said

US Hits China Firm for Cyberattack, ‘Burma’ Firms for Bombings
China Central Bank ‘to Allow a Weaker Yuan’ as Trade Risk Rises
China’s CATL, Stellantis Confirm $4.3bn EV Battery Plant in Spain
China’s BYD Gaining Greater Sales, May Outsell Ford, Honda
Western Firms Rush to Source Critical Minerals After China Curbs
Vietnam Seen Facing Tariffs as Trade Surplus With US Soars
Chinese EV Firms Find a Way Around EU Tariffs – Selling Hybrids

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Energy: The Big Picture

India Is Likely Exporting Refined Russian Oil to the West

India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.