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Latest: Energy News

China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’
China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’

Commentators deride retreat in posturing, but Asian and global markets all rose after US President said tariffs imposed on China are likely to be substantially lower than 145%

‘Underground’ Banking System Set up For China-Russia Trade
‘Underground’ Banking System Set up For China-Russia Trade

Banking sources say the net payments system is designed for large corporations and works directly with 11 Chinese provinces

World Faces ‘Significant Slowdown’ From US Tariffs, IMF Says
World Faces ‘Significant Slowdown’ From US Tariffs, IMF Says

International Monetary Fund says Trump's tariffs were "a major negative shock" for the global economy and most economies will see slower growth in the near-term

Vance Pushes Closer US-India Ties, Issues Curious Warning
US Port Fees Hit China’s Ships For Tonnage, Containers, Cars
China Vows to Retaliate if Trade Deals Hurt Its Interests
TransPacific Cargo Trade Decimated by Trump’s Tariff War
Concern Rises on Delisting of Chinese Firms on US Exchanges
EU Rejects US Offer to Cut Tariffs if it Pulls Away From China – IT
Honda to Shift Most Mexico, Canada Car Production to US – Nikkei

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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.