BP’s lobbying for climate subsidies, despite a business outlook that will boost emissions, spurs increasing criticism of 'planet-saving technologies' due to link with fossil fuel industry

Together China and India accounted for around 90% of Russia’s crude exports, while Europe's share fell to only about 4-5% from about 40-45%

India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions were imposed on Moscow over its invasion of Ukraine

Beijing’s special climate envoy, Xie Zhenhua, will tell the COP28 climate meeting new energy sources aren’t reliable enough yet to replace coal and oil

India sold crude products worth $588 million to the US in November after snapping up sanctioned Russian oil at deep discounts

Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard

The equivalent of about 1.77 million barrels per day (bpd) of Russian oil were shipped to China, down from May's record of 1.98 million bpd, a level analysts had expected to be maintained

The US Treasury cracked down on Hong Kong-based Lustro Industry, saying it hid its role in purchases of petrochemical products for delivery to China, plus Triliance Petrochemical

Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by 8.7%, while state-owned ONGC and Mangalore Refinery each slumped 10%

Beijing’s relaxation of some quarantine rules for international arrivals boosted hopes of a recovery in the world’s No-2 economy

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine

The move by the Indian Register of Shipping is keeping state-owned Sovcomflot's tanker fleet afloat and ensuring it can continue exports to India of Russian oil