Latest: Energy News
India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions were imposed on Moscow over its invasion of Ukraine
The move by major companies to reduce production in China has boosted inflation, but the western shift to 'friendly shores' has been positive for countries like India and Vietnam
China has 55 nuclear plants in operation, and 24 under construction. It expects to add 6-8 small reactors a year, with a goal of them generating 18% of the country's power by 2060
Top panel maker is looking to invest $400-600 million in a third plant on 25 hectares of industrial land, with production starting in 2025
The country, which boasts the world’s second-largest rare earth deposits, is to auction off multiple blocks of its Dong Pao mine before the year's end
Beijing’s special climate envoy, Xie Zhenhua, will tell the COP28 climate meeting new energy sources aren’t reliable enough yet to replace coal and oil
The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August
Sources say CEO Elon Musk is keen to build two factories in India - one for electric vehicles, and a second plant to make and sell the group's "Powerwall" battery
A big fall in hydropower being generated by dams in China and India this year has forced the two Asian giants to use more coal and fossil-fuel sources
China’s blue-chip dipped 0.8%, with Hong Kong’s Hang Seng and the ASX in Sydney both tumbling 1.3%, while the BSE Sensex in Mumbai was also down 0.85%.
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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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