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Latest: Energy News

Australia Set for Big Budget Rebound, But Tax Cuts Cloud Outlook
Australia Set for Big Budget Rebound, But Tax Cuts Cloud Outlook

A mining tax windfall has helped Australia nearly balance the books, but a huge test looms from 2024 tax cuts passed by the former government that will slash revenue unless amended

Indian Regulator Seeks 6 Months to Finish ‘Complex’ Adani Probe
Indian Regulator Seeks 6 Months to Finish ‘Complex’ Adani Probe

The Securities and Exchange Board of India has sought six more months to complete a probe sought by the Supreme Court into Adani company transactions

China’s Manufacturing Falls in April as Export Orders Drop
China’s Manufacturing Falls in April as Export Orders Drop

Factory and export data raises pressure on policymakers keen to boost an economy struggling amid subdued global demand and persistent property weakness

Lithium Prices Rise 10% After Five-Month Slump
Philippines’ Marcos Wants US to Restore Trade Preferences
Biden May Visit Papua New Guinea to Bolster Pacific Ties
Huawei Helps China Improve Mine Safety as Coal Output Grows
China Fuelling War by Selling Russia Parts for Weapons – EP
China Stock Markets Have Lost $550bn in Last Week – FT
China’s Anti-Espionage Law Adds to Foreign Business Concerns

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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.