Latest increase follows government U-turn introduced to boost power generation; floods in mining regions deepen difficulties in extracting coal.
Floods, poor planning, the recent rise in prices, plus China's hungry power stations have all played their part in India’s coal stocks running dangerously low.
Liaoning province issued its second-highest power shortage alert on Monday, the fifth in two weeks, warning the shortfall could reach nearly 5 gigawatts.
Authorities are working hard to dispel fears of looming blackouts, insisting 'there’s no power crisis' and that there are ample stocks of coal, despite some power plants running low
Malaysia is getting a boost from liquefied natural gas exports while Australia and Indonesia are benefiting from a spike in coal demand. Nobody is winning from surging oil prices.
Officials order 72 mines in Inner Mongolia to boost coal production by nearly 100 million tonnes as China battles worst power crunch and coal shortage in years
Japan’s leading refiner is beginning its move away from fossil fuels with the purchase of the solar, wind and biomass operation from Goldman Sachs and GIC
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
Hundreds 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.
The worst China power shortages in decades hit many parts of the country as energy demand surged amid a post-pandemic recovery
A power crisis would have an immediate impact on India’s nascent economic recovery, which is being led by industrial activity and not a services revival, according to reports