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India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill
The first project is undergoing environmental impact assessment and a final investment decision will be made in 2024 or 2025, its Korea chief executive said.
Even for shipments arriving in July, industrial consumers are not placing orders, a Chinese trader said, as gas use has plunged due to the Covid-19 resurgence and weak manufacturing
Mining magnate Andrew Forrest is backing a quantum computing net zero initiative in the US to speed up his goal of producing cheap and abundant green hydrogen.
Elizabeth Rosenberg, assistant secretary for Terrorist Financing and Financial Crimes, will be in India on what is seen as a US bid to try to temper India's purchases of Russian oil
Woodside Energy Group chief Meg O'Neill said the market would have to adjust to supply disruptions in the wake of sanctions on Russia for its war in Ukraine
Zhejiang Huayou Cobalt said it plans a rapid development of a mine and processing plant at its newly acquired Arcadia project, company documents show
China's plan to expand its carbon market to companies in the cement, aluminium and steel sectors could be set back till 2023 or 2024, China Dialogue reported on Friday
Customs data on Friday showed that China more than doubled its imports of Russian coking coal in April, taking advantage of a large discount compared to other sources
The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar
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Energy: The Big Picture
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.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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