Latest: Energy News

Thousands of tonnes of oil were leaked when the two mid-sized vessels ran aground in bad weather near the contested Kerch Strait; Yellen warns the US could still hit 'dark fleet' vessels or banks with sanctions

US case against Indian billionaire looks to be backed by documents that would help prosecutors, but they may struggle to get witnesses from India and help from Delhi, legal experts say

Trafigura attributed the majority of debts owed by its counterparty in the country, Lex Oil, but its own internal probe is ongoing to try to locate around $500 million.

China may seek to buy US food and energy in a trade deal with Trump to avoid new tariffs, but cutting the flow of fentanyl may also be a factor, analysts say

Indian clean energy firms will only be allowed to use locally-made solar cells from approved companies in state projects from June 2026, the government has said

The US continues to impose sanctions on foreign companies for crimes, such as a mass cyberattack described as potentially deadly, plus Burmese firms aiding the Myanmar military's bombing of civilians

Letting the yuan depreciate could blunt the impact of US trade tariffs. And China's central bank has considered the possibility of the yuan dropping to 7.5-per-dollar to counteract trade shocks.