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Latest: Energy News

China’s BYD Posts 241% Profit Rise on EV, Battery Demand
China’s BYD Posts 241% Profit Rise on EV, Battery Demand

BYD accounted for about 17% of the 3 million new energy vehicles (NEV) sold in China in 2021, China Association of Automobile Manufacturers data show

China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports
China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

Musk Vindicated in SolarCity Deal, Slammed Over Tweet Case
Musk Vindicated in SolarCity Deal, Slammed Over Tweet Case

The SolarCity case was brought after Tesla shareholders accused Musk of coercing the board into buying the struggling solar panel maker to rescue his investment

Singapore Marine Companies to Merge as Downturn Weighs
Chinese-Owned Mine in Peru Plans to Evict Indigenous Settlers
Samsung to Take Green Power Pledge in Shift to Renewable Energy
Vietnam Plans Renewable Energy Projects to Reduce Coal Use
India Could Become Carbon-Neutral Ahead of Schedule
India’s Adani Overtakes Buffett as World’s Fifth Richest
China’s Data Law Blurs True Shanghai Trade Picture

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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.