Latest: Energy News
Sri Lanka sourced more than half its crude from Russia since May, buying oil from Moscow for the first time since 2013, the FT said.
China is scaling up construction of liquefied natural gas (LNG) terminals and storage facilities as it looks to bolster its energy security
India will assess Moscow's revamp of the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri said, adding 'we've never been told not to buy Russian oil'
Russia is now India's second largest supplier of crude oil, up from 10th place in 2021, Nikkei said.
The increased quotas include 13.25 million tonnes of refined products – gasoline, diesel and aviation fuel
Australia’s thermal coal revenue is tipped to jump 35% while its LNG revenue is seen rising 29%, Canberra revealed
A US-led group met with African nations recently to bolster supply chains needed for the clean energy transition in a bid to "challenge Chinese dominance" in critical minerals
"The reactivation of coal power plants in a number of European countries has contributed to the rise of global coal demand," Indonesia's energy minister said.
Mining giant expects global steel consumption to increase by 42 million tonnes in 2030 and 76m tonnes in 2050, due to soaring demand for solar and wind power equipment.
US Treasury has imposed sanctions on an Indian petrochemical firm and groups in the UAE and Hong Kong for secret deals that funded the shipping of Iranian oil products to South and East Asia
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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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