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Latest: Energy News

Hope for Early Deal on Climate Damage Fund as COP28 Opens
Hope for Early Deal on Climate Damage Fund as COP28 Opens

Organisers are keen to generate goodwill before talks on the future of fossil fuels; fund would help poor nations cope with the cost of climate damage from drought, floods and rising seas

US Treasury Seen Limiting Chinese Role in EV Market – WSJ
US Treasury Seen Limiting Chinese Role in EV Market – WSJ

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

Work on New Coal Plants Raises Doubt on China’s Climate Vows
Work on New Coal Plants Raises Doubt on China’s Climate Vows

A flurry of approvals of new coal-fired plants in recent years spurs fear over China's climate pledges – and the huge task for the world to meet its global warming targets

China Seen Installing 230 GW of Solar & Wind Power in 2023 – PV
Summit Leader ‘Using COP28 to Promote Fossil Fuels’ – NYT
COP28: Cities Give A Glimpse of Changes Sweeping the World
Cities Lead COP28 Climate Change Push as Nations Fail to Deliver
China Oil, Gas Giants Accused of ‘Greenwashing’ LNG Purchases
Russian Oil Trading with India Still Plagued by Currency Woes
Spiralling China Lithium Prices Hit 26-Month Low on Supply Glut

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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.