Latest: Energy News
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
Much of the record payout was driven by the bumper profits and dividends of the large miners
Tehran envoy Ali Chegeni said if both nations restart their rupee-rial trade, bilateral trade could surpass $30 billion
Barring manganese, prices of other commodities such as lithium, cobalt and nickel have increased sharply since the beginning of 2022
Canberra on Friday announced new sanctions against 11 government entities and financial institutions and 41 more individuals, including two billionaires
As of Friday, retail petrol prices will rise by 750 yuan ($118) a tonne and diesel prices by 720 yuan a tonne, the National Development and Reform Commission said
The move comes after a storm of coal-related issues drove widespread power outages and rationing around the country in September and October 2021
Due to carbon and environmental curbs and the Russia-Ukraine conflict, the prices of commodities scaled fresh highs, affecting bottom lines
In This Section
Recommended: Mining News
Recommended: New Energy News
Recommended: Oil & Gas News
Recommended: Rare Earths News
AF TV: Energy Videos
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.
-
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
-
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
-
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
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
