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Latest: Energy News

General Motors’ Operations in China Take a $5-Billion Hit
General Motors’ Operations in China Take a $5-Billion Hit

US carmaker says it will record non-cash charges of more than $5 billion on its joint venture with SAIC in China, one for the rejig of operations, and another on its reduced value

Malaysia Tells Chinese Firms: Don’t Use Us to Dodge US Tariffs
Malaysia Tells Chinese Firms: Don’t Use Us to Dodge US Tariffs

Malaysian trade minister says he has told many Chinese businesses not to invest in the country if they only want to rebadge their products there to avoid US tariffs

China Hits Back at US Bans, Halts Export of Key Chip Materials
China Hits Back at US Bans, Halts Export of Key Chip Materials

The Commerce Ministry in Beijing announced an immediate halt on Tuesday to exports of gallium, germanium, antimony and superhard materials to the US

Saudi, Oil Producing States Block Hopes for UN Plastics Treaty
Asian Steelmakers Failing on Shift to Renewables, Survey Finds
Hope Grows China Emissions May Have Peaked – or Will Next Year
Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks
Adani Case Exposes Flaws in India’s Clean Energy Rollout
Lacklustre COP29 Deal Shows Strains of Climate Cooperation
Anglo Sells Australian Coal Mines to Peabody in $3.8bn Deal

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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.