Latest: Energy News
The Nikkei 225 in Japan was up by 0.56% on Wednesday, but the Hang Seng Index in Hong Kong slumped by nearly 2%; stocks also fell in Shanghai, Sydney, Bangkok and other markets
New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027
Yuan drops to 7.1747, with analysts saying markets expected bigger support and were hoping for a larger lending rate cut
The European Union is set to lay out strategies on 'de-risking' trade with China and other potential military rivals
Chinese president hails agreement on issues with top US diplomat, but talks did not appear to make much progress on differences over Taiwan, trade, rights, fentanyl or war in Ukraine
Prior to sanctions imposed by the West, which cut Moscow off from international financial systems, Russia made the dividend payments in dollars
Japan has designated batteries for energy storage as important under an economic security law and earmarked close to $2.4 billion to support their supply and development
Beijing was talking tough on Friday in the lead-up to a visit by Antony Blinken, warning that "irresponsible hegemonic behaviour .. will only push China and the US towards confrontation"
As lithium prices fall and concerns rise around the environmental impact of lithium mining, China's Yichun city finds itself running short of achieving ambitious targets
The International Energy Agency said about three quarters of 2022-28 demand growth increase will come from Asia, with India overtaking China by 2027
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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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