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Chinese shipments to Russia jumped 47% in 2023 from a year earlier, and soared 64% compared with 2021, before the Russia-Ukraine war, China's customs data showed
Finland's president had talks with China's Xi Jinping over damage done in October to the gas pipeline between Finland and Estonia, suspected to have been done by a Hong Kong container ship
Naval forces shoot down 18 drones and 3 anti-ship missiles, ahead of a UN vote to deter such attacks. Vessel data shows most oil tankers are still using the Suez Canal but container ships are down 28%
News that police have detained the vice-chairman of China Evergrande New Energy Vehicle sent shares of the unit and its embattled parent company sliding again on Monday
Shipping giants are bracing for significant disruptions to affect key routes like the Panama Canal and knock complex vessel schedules out of sync
Electricity demand has surged due to the popularity of EVs, forcing officials to provide solutions that prevent power grids from being overwhelmed
Vietnamese electric carmaker plans to make EV batteries in Thoothukudi city in Tamil Nadu, in the southern India, sources say
Beijing is pushing to become carbon neutral by 2060 and has pledged to build more vessels powered by methanol and liquefied natural gas
Together China and India accounted for around 90% of Russia’s crude exports, while Europe's share fell to only about 4-5% from about 40-45%
Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective
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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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