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Latest: Energy News

US Allies Agree Second Major Oil Release to Calm Markets
US Allies Agree Second Major Oil Release to Calm Markets

International Energy Agency members gave the green light to an unspecified coordinated oil release just a day after the US said it would tap into its Strategic Petroleum Reserve

Oil Benchmarks Set For Biggest Weekly Falls in 2 Years
Oil Benchmarks Set For Biggest Weekly Falls in 2 Years

Brent and WTI oil prices fall again after US announces biggest release ever from its Strategic Petroleum Reserve

Chinese Trade With Russia Feels Sting of Ukraine, Sanctions
Chinese Trade With Russia Feels Sting of Ukraine, Sanctions

Chinese exports to Russia have been buffeted as the rouble swings in value, clear evidence of the effect Western sanctions over Russia's invasion of Ukraine are having in China

Japan’s Big Bike Makers Form Battery Swap JV – Techradar
China’s BYD Has 400,000 EV Orders Backlog – Cailian 
Biden Launches Record Oil Reserve Release in ‘Moment of Peril’
Chinese E-Bikes Built in Brazil to Use Locally Made Batteries
Tokyo to Stick With Russian Gas Project – Japan Times
US to Make Biggest Ever Release From Emergency Stockpile – FT
India Seen Sealing Controversial Russia Trade Deal

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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.