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Latest: Energy News

Indian Refiners Seen Still Using Dollars to Buy Russian Oil
Indian Refiners Seen Still Using Dollars to Buy Russian Oil

Mashreq Bank in Dubai declined a request to take payments from at least Indian two refiners in Emirati dirhams, forcing the buyers to pay for crude in US dollars, sources say

China Ramps up Solar and Coal, But ‘Needs Better Power Grid’
China Ramps up Solar and Coal, But ‘Needs Better Power Grid’

China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said

India’s Adani to Splash $100bn on Clean Energy Over Decade
India’s Adani to Splash $100bn on Clean Energy Over Decade

Adani said 70% of the $100 billion-plus his group will invest over the next decade will go to "energy transition", adding that they are already the world’s largest solar player

China Employs Almost Half of World’s Green Energy Workers
China’s Zimbabwe Lithium Plant to be Ready for 2023 – SCMP
China’s Sinopec Sets Up Carbon Dioxide Capture Unit
Flood-Hit Pakistan Should Seek Loan Rejig, UN Says – FT
China Oil Refiners Prepare to Raise Output As Demand Lifts
Push for More Sanctions on Russian Oil Could Irk India – ET
China Years Ahead of Europe in EV Materials Production – FT

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Energy: The Big Picture

India Is Likely Exporting Refined Russian Oil to the West

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.