Latest: Energy News
Covid lockdowns could lead to China's oil demand contracting for the first time in two decades
Indonesia may join India and China in buying cheap Russian crude because of pressure of rising costs, President Joko Widow has said
India's crude oil flows from Russia have soared from 2% of its total imports to more than 12% since February – when Russia invaded Ukraine
China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels a day this year - the first decline in 20 years, largely because of Covid curbs
Russian leader condemned the West's idea for a price cap on Russian gas, saying it would lead to price rises and that global demand for Russian energy was high.
The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine
An Indonesian nickel miner signed a big investment deal on Tuesday with China's Shandong Xinhai Technology to build a processing plant on Sulawesi Island.
The move by Beijing is seen as a bid gain more leverage over some of the world's biggest mining conglomerates
India is exporting products using Russian oil to countries with sanctions on Russia, with the top five being South Korea, Singapore, the US, Australia, and the Netherlands, Petro Logistics says
Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard
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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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