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The Anglo-Australian miner recorded its best ever annual profit in 2021 and gave shareholders a record full-year dividend of $16.8 billion
China's request for lower volumes followed that of India, where at least two refiners had planned to buy less Saudi oil than usual in May
Japan's Industry minister Koichi Hagiuda said the country will aim over time to end coal imports from Russia, as finding immediate alternative suppliers will be difficult
If new technologies work, they will help boost lithium production with a footprint smaller than open-pit mines and evaporation ponds, which often are the size of multiple football fields
India joined other major consumers to release 5 million barrels of oil from its strategic reserves in November to contain inflationary pressures and says it will look a similar move again
Frank Jotzo at Australian National University said Beijing was falling short when it comes to meeting global goals aimed at curbing temperature rises
China will strictly control new capacity in its oil refining industry and will accelerate the elimination of inefficient and outdated production capacity, the industry ministry said
State-run Sinopec, CNOOC, PetroChina and Sinochem have stayed on the sidelines in trading fresh Russian cargoes for May loading
The shipment is part of a 10-year agreement signed between the Middle East nation's QatarEnergy and Chinese state oil and gas company Sinopec
The state-run utility, which produces over a quarter of India's power output, will import 16 million tonnes to blend with domestic coal during the year ending March 2023
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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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