Latest: Energy News
Russia shipped a record 107 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), data from Chinese customs showed
The popularity of BYD's EVs has encouraged its sole Thai distributor to dramatically expand its business. Rever Automotive said it will triple its dealerships in Thailand over the next years
China will get a 'Silk Road' gateway to South America and its resources via a $3.5 billion deep-water port at Chancay in Peru, due to open late this year
Oil tankers diverted from the Red Sea on Friday after Houthi militants in Yemen said they would keep targeting vessels in the region in response to US and allies' attacks on their military bases
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
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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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