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A proposed joint deal, backed by other investors including Canada's Ontario Teachers’ Pension Plan, could value the business at about $20 billion
Asia's third-largest economy, which imports 80% of its oil needs, faces retail inflation staying above the central bank's tolerance limit of 6%
Islamabad announced a cut in fuel and electricity prices despite a steep global rise in the cost of oil, pledging to freeze the new rates for four months
Rare earths prices have soared since the second half of 2021 over supply chain uncertainty from Myanmar and strong demand
The Japanese giants said they plan "high value-added battery electric vehicles" and "commercialise them in conjunction with providing mobility services"
Russia produces about 6% of the world's aluminium. It is also a major producer of natural gas used to generate electricity that powers production of aluminium.
Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas, according to the Japanese outlet
Analysts say soaring prices for fuel will push consumers into electric vehicles and boost investment in clean technologies like hydrogen, but it also spurs more drilling of oil and gas
As Moscow stands to lean more on China as a trading partner, Chinese companies are likely to take market share from western suppliers
Investor sources said Stanmore and its broker Petra Capital were taking early bids from institutional investors in Australia and offshore
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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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