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Latest: Energy News

PetroChina Expects Domestic Fuel Demand to Rise
PetroChina Expects Domestic Fuel Demand to Rise

Executives at listed energy giant said the anti-pandemic measures have led to higher product inventory compared with the start of the year

Uzbekistan Allows Crypto-Mining Using Solar, Ends Taxes
Uzbekistan Allows Crypto-Mining Using Solar, Ends Taxes

The Central Asian state would also exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree

Mitsui to Build $2bn Fuel Ammonia Plant on US Gulf Coast
Mitsui to Build $2bn Fuel Ammonia Plant on US Gulf Coast

Alternative fuel plant would produce up to 1 million tons of fuel ammonia per year for use as shipping fuel and in coal-fired power plants.

Japan to Restart Nuclear Reactors to Avoid Russian Gas
CNOOC to Spend $2.4bn on China’s Largest LNG Tankers
Some China Refineries Buy Russian Oil Very Cheaply – FT
India Boosts Coal Output as Heatwave Threatens Power Supply
US Relieved as China Doesn’t Actively Help Russia
Australian ‘Big Battery’ Boosts Revenue at France’s Neoen
China Accounts for Most New Coal Power Projects, Study Finds

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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.