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Latest: Energy News

PetroChina May Exit Some Foreign Projects to Cut Losses
PetroChina May Exit Some Foreign Projects to Cut Losses

PetroChina may exit natural gas projects in Australia and oil sands in Canada to focus on sites in Africa, Middle East and Central Asia.

China Faces Economic Hit From Extreme Weather in July, August
China Faces Economic Hit From Extreme Weather in July, August

Heavy flooding is likely to continue in July and August, according to a government official. Meanwhile, drought conditions are also exacerbating problems in other regions.

China, India Positive on G7 Plan to Cap Russian Oil Price
China, India Positive on G7 Plan to Cap Russian Oil Price

A source said the price-per-barrel cap level had not yet been determined, but it would have to be high enough to give Russia an incentive to keep producing oil

China’s Gotion Plans to Have 33% of EV Battery Plants Abroad
Power Worries in Japan Amid Rising Heat As Wet Season Ends
China, India Keeping Putin’s War Machine Funded – NYT
China’s Industrial Profits Slide in May as Covid Curbs Weigh
G7 Leaders Announce Ban on Russian Gold as Summit Begins
Australia-Asia Sun Cable Project Wins Government Support
Tokyo Gas Trials Synthetic Methane Using Green Hydrogen

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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.