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Latest: Energy News

EU To Reject India Demand For Carbon Tax Exemption — FT
EU To Reject India Demand For Carbon Tax Exemption — FT

Since much of Indian manufacturing is still dependant on coal-fired energy, its exporters will face a high new carbon tax of between 20%-35% in the EU

Japan’s Economy Contracts as Car Exports Sink in 3rd Quarter
Japan’s Economy Contracts as Car Exports Sink in 3rd Quarter

Japan suffers its first contraction in six quarters, caused by a slump in car shipments to the US because of the Trump Administration's tariffs

Yttrium is Latest Rare Earth Concern as Global Supplies Fall
Yttrium is Latest Rare Earth Concern as Global Supplies Fall

Traders report a 'scramble' for yttrium, used in chips and jet engines; prices have soared 4,400% this year and China has sent no yttrium to the US since April.

Japan’s Megabanks Raise Profit Forecasts as Deflation Eases
US, Korea Reveal Details on Building Ships and Nuclear Subs
Bridge Collapse in Southern China Linked to Dam in Seismic Zone
China’s BYD Targets Sale of 1.6m EVs Abroad in 2026: CitiBank
Germany to Review Its Policies on China, As Trade Tensions Rise
Concern Rising About ‘Security Loopholes’ in Chinese Buses
Google to Build AI Data Centre on Island off Northwest Australia

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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.