Latest: Energy News
Guy Debelle, who spent the past 25 years at Reserve Bank, will leave March 16 to take the position of chief financial officer of FFI, starting in June
Japan gets most of its primary energy needs from crude oil but LNG takes up a bigger piece of the pie when it comes to electricity production
Top executive says it's important to maintain healthy, peaceful, balanced relationships with big, powerful neighbours.
The mining lease will aid Tata Power in ensuring a regular supply of coal for its thermal power plants. Tata Power holds a 30% stake in KPC.
Mitsubishi and Mitsui have stakes in the massive Sakhalin-2 project, while Marubeni and Itochu have invested in Sakhalin-1 oil project, from which Exxon Mobil is now withdrawing
Nickel prices in China hit a record high on Wednesday with prices rising 17% to hit 267,700 yuan (about $42,400) a tonne, touching the ceiling for permitted daily gains
Spot thermal coal prices for the Newcastle Port benchmark have soared 35% over the past week to a record $353.75 a tonne, stoked by supply shortages
Jet fuel prices have soared, leaving global carriers who have already been hammered by Covid-19 over the last two years having to pass on higher costs via fuel surcharges and increased fares
Prices of thermal coal, typically used to generate electricity, have shot to record highs due to increased buying by Europe after sanctions on Russia
European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine
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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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