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China and India now account for more than 41% of purchases of Russian crude oil, but there are signs that their buying has maxed out.
Clean energy would reduce the average cost per energy unit by 12%, said the report, meaning 63% lower annual cost.
The news, announced by Investment Affairs Minister Luhut Pandjaitan on Monday, follows a meeting between Tesla chief Elon Musk and President Joko Widodo in Texas in May
Imports from Russia rose by 49% last month, while Chinese exports to Russia jumped by nearly a quarter, the latest customs data revealed
A heatwave spurred power generators in China to ramp up purchases of coal in July by 24% over the previous month, driven by greater use of air conditioners in many cities.
The new target will focus on renewable and nuclear power, said the report, taking another step towards India's net zero by 2070 ambition
$15 million worth of public money was spent developing a battery that could power a house for three decades, but the tech ended up going to China, where backers were easier to find
The AI-driven power grid service can cut residential blackouts from six to 10 hours to just three seconds, once implemented, the report said
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
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Energy: The Big Picture
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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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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