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Latest: Energy News

China Says it Will Make Half the World’s Cleaner Ships by 2025
China Says it Will Make Half the World’s Cleaner Ships by 2025

Beijing is pushing to become carbon neutral by 2060 and has pledged to build more vessels powered by methanol and liquefied natural gas

Russia Says Sanctions Helped Cement China, India Energy Ties
Russia Says Sanctions Helped Cement China, India Energy Ties

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%

Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships
Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships

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

China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche
China’s BYD Plans EV Production Base in Hungary
China Curbs The Export of Rare Earths Processing Technology
US May Hike Tariffs on Chinese EVs, Other Goods – WSJ
Japan’s Nippon Steel Strikes $14.9bn Deal to Buy US Steel
Singapore Firm Taps AI to Cut Critical Mineral Mining Costs
Red Sea Attacks Disrupt Key Asia-Europe Sea Trade Route

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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.