Four Chinese companies based in Hong Kong, plus one in Singapore and one in the UAE have been targeted by a third round of US sanctions against firms trading in Iranian oil

The marine news publication Lloyd's List said an anonymous entity based in Dalian has bought several very large crude carriers to create the hub off the coast of Portugal

The Pakistan Ministry for Energy wants to move away from imported power sources like coal and use more wind, solar and hydroelectric

In 2021 and the first quarter of 2022, new coal power plants were approved in six provinces. Beijing needed to decide these moves, it said, not state entities run by provincial governments

Reliance emerged as one of the key buyers of discounted Russian crude after some Western buyers shunned it following Moscow's invasion of Ukraine in late February

Woodside's shares fell after its full-year output was announced at between 88 million and 94 million barrels of oil equivalent (mmboe), down 4 mmboe from its previous forecast

The US confidence in a price cap follows positive reaction by China and India to the plan, which would limit Moscow’s revenues over its aggression in Ukraine

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

India has cut a windfall tax levied on oil companies and kept petrol out of an export levy less than a month after it introduced the two regulations.

From Singapore Airlines and Malaysia Airlines to All Nippon Airways and Japan Airlines, the industry is in various stages of producing and using sustainable aviation fuel for operations

Japan's aims is to send a clear signal of government backing for the project and bucks moves by West that has prohibited firms from making new investments in Russia

Unlike the European Union, Australia has no SAF requirements, but BP plans to convert an oil refinery in Kwinana and become Australia's first producer of the sustainable fuel from 2025.