Latest: Energy News
Oil, grains rise; Palladium prices surge, gold climbs; Aluminium at record-high; Nickel up on Russian supply worries; Fears of food inflation as wheat, corn, edible oil prices rally
Oil giant BP says it will exit its Rosneft stake worth $25 billion. Meanwhile, leases on over half the 980 jets in Russia may be severed by foreign firms because of sanctions.
China boosted purchases for its oil reserves even as oil prices soared, despite US calls for a coordinated release of stocks to cool the market
The satellites will be mainly used for commercial remote sensing services, marine environment monitoring, forest fire prevention and disaster mitigation, the report said
Andrew Forrest says he wants to turn Fortescue Metals Group Ltd into the world's biggest green energy group after investing in Clarke Creek Project
Demand for neodymium and praseodymium, some of the most important minerals that Lynas mines, has soared in recent years as countries and companies try to tackle climate change
Tokyo also plans to quickly implement further steps to help curb rising prices of fuels such as petrol and kerosene amid soaring oil prices
Three-month aluminium on the London Metal Exchange jumped 3.3% to $3,402 a tonne by 1700 GMT after touching a record of $3,480
The foreign ministers of Pakistan and Russia, Shah Mehmood Qureshi and Sergey Lavrov, also discussed bilateral relations in Moscow
Chinese tech giant said its total emissions were equivalent to 5.11 million tonnes of CO2 in 2021. It wants its operations and supply chain to be carbon neutral by the end of the decade
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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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