Latest: Energy News
The speed of the yuan's slide has caught many off-guard. JP Morgan recently downgraded its year-end yuan forecast, from 6.85 per dollar to 7.25 per dollar.
Foreign minister Qin Gang said the US should interfering in China's internal affairs and harming its security interests in a call on Wednesday to Blinken, who is due in Beijing on Sunday
The deal, for 100,000 tonnes of crude from Moscow, was completed in the Chinese currency and not the US dollar which dominates international oil trade
Cooperation between Riyadh and Beijing has deepened in security and sensitive tech amid a warming of political ties
Dozens of fossil fuel companies have set net-zero emissions targets, but these moves are regarded as "largely meaningless" because most fail to address key concerns
New president says moves to boost the bank's lending capacity could free up "tens of billions" of dollars, but not the trillions needed for energy transition to counter climate change, so private money is essential
A huge crane was brought down in Wuhu, while hailstorms lashed Liaoning, causing an estimated loss of $28m to 17,000 acres of wheat, state broadcaster CCTV reported
The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”
Many investors from Greater China are heading to the Gulf this week eyeing fundraising and investment opportunities amid the global economic slowdown and geopolitical tensions with the US
Tokyo and China shares lead Asian markets higher on Friday amid hopes the US Federal Reserve will pause rates after its long hiking spree
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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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