Latest: Energy News
Only four of 87 mines sold to companies over the past three years are operating. The rest have yet to get funding, as banks prefer renewable projects, partly because of coal's decreasing viability
The US climate envoy met China's top diplomat Wang Yi and Premier Li Qiang as Washington bids to rebuild trust with Beijing ahead of COP28
India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions
Experts say any move to cooperate on cutting emissions of methane – a greenhouse gas responsible for roughly 30% of global warming – would be positive
US climate envoy will talk with his Chinese counterpart about issues like reducing methane emissions, limiting coal use, curbing deforestation and helping poor nations address climate change
The US and China have an obligation to the world "to cooperate on areas of mutual concern", US Treasurer says, such as faster debt deals and climate finance for poor countries
Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership
Global warming is thought to be making the world's oceans greener by causing greater plankton growth in warmer tropical waters, a new study suggests
Tesla has begun talks with the Modi government on plans to build an EV plant in the country that would sell cars locally at an affordable rate and export them across the Indo-Pacific, a source says
The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.
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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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