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Move would mark the third time the US has tapped strategic reserves in six months, and would be the largest release in the near 50-year history of the reserve system
The actions include support to boost domestic production, alternative procurement and to help technological developments to reduce use of the materials
While oil prices have slipped from the highs seen earlier from Russia’s war in Ukraine, a weakening yen is likely to keep upward pressure on imported fuel costs
Thailand, along with most other countries in Southeast Asia, has been slow off the blocks to embrace EVs, but demand is starting to gain momentum
The ban on Russia-bound precious metal reflects Prime Minister Fumio Kishida's resolve to impose further sanctions against the country
Companies have rushed to cash in on higher natural gas prices as sanctions on Russian fuel have shocked already tight supplies
A consortium will be responsible for building and operating one of the most efficient thermal power plants in the Central Asian country
Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, amid talk that Moscow wants to boost trade and payment systems because of sanctions over Ukraine
Saudi and the UAE want the US to make policy concessions before they boost output to reduce global oil prices, analyst Greg Priddy says
Oil prices dropped on Tuesday, as Ukraine and Russia headed for peace talks and fears of a drop in fuel demand in China after Shanghai shut down to curb a surge in Covid-19
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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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