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Latest: Energy News

Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say
Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say

A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments for Russian oil

Indian Refiners Turn to US Crude as Russia Sanctions Bite
Indian Refiners Turn to US Crude as Russia Sanctions Bite

More than 250,000 barrels of US crude are set to arrive in India every day next month, the highest in more than a year

CATL in Talks With Tesla on Battery Tech Licence in US: WSJ
CATL in Talks With Tesla on Battery Tech Licence in US: WSJ

Chinese EV battery-maker is in talks with Tesla and other automakers to licence its battery technology in the United States, new report says

Foreign Firms Will be Treated Same as Locals, China Tells Forum
Scientists Fear Record Ocean Heat Is Changing Earth’s Systems
Nuclear Fusion Summit in US Amid Race for Cash, China Rivalry
South Korea’s $313bn Loan Plan For Carbon-Cutting Projects
Large Korean Companies Getting Out of China – Business Korea
Xpeng to Unveil Cheap EV Brands as China Price War Intensifies
China’s Surging Exports Tipped to Spur Global Backlash – NYT

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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.