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Latest: Energy News

Chinese Stocks Sink After Covid Cases Rise, Protests Over Policy
Chinese Stocks Sink After Covid Cases Rise, Protests Over Policy

Chinese stocks and oil prices fell sharply early on Monday, after protests in many cities against tough Covid restrictions, while the country posted another record high tally of Covid cases

China’s CNOOC Seen Offloading US Oil and Gas Fields
China’s CNOOC Seen Offloading US Oil and Gas Fields

CNOOC has hired JPMorgan to advise it on a potential exit from its US shale gas assets, which could raise $2 billion. It is also in talks for the sale of its Gulf of Mexico assets

Australia Set to Impose Incentives for Electric Vehicles – ABC
Australia Set to Impose Incentives for Electric Vehicles – ABC

The Albanese government says it has done a deal with independent MPs to pass a law shortly that offers tax incentives that will make electric vehicles up to $2,000 cheaper

Korea’s LG Chem to Splash $3 Billion on US Battery Plant
Kamala Harris Announces $20 Mil Clean Energy Fund For Mekong
India Eyes Export Boost With Tax Lift on Iron-Ore And Steel
India Burns Even More Coal Despite Climate Pledge Pressures
Chinese, UAE Firms Hit With US Sanctions Over Iran Oil Trading
PBOC Governor Yi, Janet Yellen Hold ‘Frank’ Meeting at G20
US, Japan Raising $20bn for Indonesia’s Shift from Coal

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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.