Latest: Energy News
Russia's economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow's invasion of Ukraine
Many banks stopped issuing letters of credit for Russian exporters in wake of sanctions, forcing companies to simply do without them.
When a giant Chinese producer seemed unlikely to meet margin calls on nickel contracts this week, the London Metals Exchange stepped in and saved it, reports the Wall Street Journal.
China will make full use of coal as a vital part of its energy strategy, leaders and officials said during the nation's annual gathering of its rubber-stamp parliament this week
Samarco, a joint venture between Brazil's Vale and Australia's BHP Group, changed its restructuring plan to offer a new alternative to pay creditors
The call came after a $20 billion promise from Riyadh in 2019 has largely stalled as Islamabad negotiates an International Monetary Fund package
A joint venture between Aramco, North Huajin Chemical Industries Group and Panjin Xincheng Industrial Group will develop the liquids-to-chemicals complex
Yellen said Russia was experiencing a "severe" economic contraction because of the sanctions but declined to offer a specific forecast for output
The Wadawurrung Traditional Owners Aboriginal Corporation said it would slash emissions and save on power costs with solar-battery and storage projects
Exports rose 14.9% year-on-year to $18.74 billion, boosted by a 28.5% jump in sales of semiconductors and a 98.8% surge in petroleum products
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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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