Albanese government says it will release $414 million for "trade-exposed" industries, such as miners, manufacturers and those generating oil and gas, to help them cut emissions
"All these Arctic crudes usually go to the EU but now they have to go elsewhere," a trader in Singapore said, adding that "Now India and China are their major homes."
A unit of Tokyo Gas is close to a deal to buy US natural gas producer Rockcliff Energy for about $4.6 billion, sources say
Japanese oil and gas giant signs 20-year agreement to buy LNG from Venture Global in the United States
Xi wants China and Russia to transact more deals in rubles and yuan to insulate the two against future Western sanctions
Moscow told India it will help it get use of large tankers to avoid the price cap put on Russian oil, as well as access to insurance and shipping
The system is ready to be tested after exporters had an importers have opened new bank accounts to enable rupee trade.
Crown Prince Mohammed bin Salman hosted two Arab summits with the Chinese leader, but any move by Saudi Arabia to ditch the dollar in its oil trade would be a seismic political move
The meeting between the global economic powerhouse and Gulf energy giant signals Riyadh's interest in deepening ties with Beijing despite US wariness
The effective prices refiners pay could exceed the $60 per-barrel cap that came into effect on Monday
Talks over joint energy exploration in the contested waterway between Manila and Beijing fell through in June
Moscow has sent India a list of more than 500 products it needs to keep key industries running, but while Delhi wants to cut its huge trade deficit, some companies fear being hit with sanctions.