Latest: Energy News
Traders expected China's exports of gasoline, diesel and jet fuel to rebound in August after Beijing issued more export quotas in June and July.
The world's largest exporter of coal wants to retire some coal plants early and nearly double the proportion of renewable power sources in its energy mix to 23% by 2025
Rio said it would invest $1.3bn to develop the Pilbara mine and hold a 54% stake, while state-owned China Baowu will hold 46% and invest $700 million
Nickel miner PT Vale Indonesia and China's Zhejiang Huayou Cobalt will work together on the Sorowako plant processing 60,000 tonnes of nickel
Covid lockdowns could lead to China's oil demand contracting for the first time in two decades
Indonesia may join India and China in buying cheap Russian crude because of pressure of rising costs, President Joko Widow has said
India's crude oil flows from Russia have soared from 2% of its total imports to more than 12% since February – when Russia invaded Ukraine
China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels a day this year - the first decline in 20 years, largely because of Covid curbs
Russian leader condemned the West's idea for a price cap on Russian gas, saying it would lead to price rises and that global demand for Russian energy was high.
The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine
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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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