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Latest: Energy News

China Reaps $10bn Dividend From Western Oil Sanctions
China Reaps $10bn Dividend From Western Oil Sanctions

The US State Department says price caps on Russian oil lets buyers, like China, "drive a harder bargain" in their purchases

Emergen Completes First Solar Storage Project in China
Emergen Completes First Solar Storage Project in China

Solar project developer said on Tuesday it completed connecting its inaugural solar storage project to the grid in Ningbo in China's Zhejiang Province late last month

EU to Target Chinese Steel for Subsidies After EVs, Wind Turbines
EU to Target Chinese Steel for Subsidies After EVs, Wind Turbines

The move will likely be announced at a summit with the US, which had asked Brussels to move against Chinese steel producers

China Funds Seek Backers in Middle East as US Investors Retreat
Economic Risks Mount for Asia as Israel Declares War on Hamas
EU May Also Probe China Subsidies for Wind Turbines – FT
China’s New Nuclear Submarines Seen as Tougher to Detect
Aussie Billionaire Could Block $4.3bn Takeover of Lithium Miner
India’s Reliance Reveals Swappable Batteries for EVs, Appliances
India Buying Russian Oil at 30% Above Western Price Cap

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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.