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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 memorandum was part of a "comprehensive strategic partnership agreement" King Salman signed with the Chinese President
The meeting between the global economic powerhouse and Gulf energy giant signals Riyadh's interest in deepening ties with Beijing despite US wariness
Talks with Vietnam, which is among the world's top 20 coal users, were broken off ahead of last month’s COP27 climate summit
The effective prices refiners pay could exceed the $60 per-barrel cap that came into effect on Monday
Oil giant is expected to unveil a clean hydrogen production target for the first time in February, aiming to capture 10% share of hydrogen in "core markets" by 2030
The US Department of Commerce will conduct an on-site audit in the next few months to verify the authenticity of the investigation information, LONGi said in a statement
Washington says it will impose new duties on imports from the offending Chinese solar panel firms which finish their products off in SE Asia
Talks over joint energy exploration in the contested waterway between Manila and Beijing fell through in June
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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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