Latest: Energy News

Flush with cash from recent, record-breaking IPO, LG plans investments across the US to expand EV battery production.

Hyundai Heavy Industries said proceeds from the green-bond sale would be used to finance eco-friendly vessels and set up sustainable growth based on ESG management

The warning was lifted at 1100 JST (0200 GMT), after the government issued an urgent call the previous day to save energy, to which businesses and households responded by dimming lights

China has been striving to balance energy security and achieve its climate change goals, and is focusing on hydrogen to reduce carbon emissions from its transport and industrial sectors

Even if most oil sales are done in dollars, more and more countries are doing deals in other currencies, as shown by India’s purchase of Russian crude via a rouble/rupee transaction

Experts say the Saudi offer to allow China to pay for oil in yuan is not linked to sanctions on Russia, but rather Riyadh using China as a bargaining chip to put pressure on its Western allies

Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81 million barrels per day (bpd), down from 1.86 million bpd a year earlier, data showed