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Latest: Energy News

Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships
Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships

Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective

China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche
China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche

The ET9, which is still a year away from delivery, features self-developed tech such as an autonomous driving chip, a 900-volt electric drive for fast charging and large cylindrical battery cells

China’s BYD Plans EV Production Base in Hungary
China’s BYD Plans EV Production Base in Hungary

The new facility to be built in Szeged, in southern Hungary, China's biggest carmaker by sales, said on Friday

China Curbs The Export of Rare Earths Processing Technology
US May Hike Tariffs on Chinese EVs, Other Goods – WSJ
Japan’s Nippon Steel Strikes $14.9bn Deal to Buy US Steel
Singapore Firm Taps AI to Cut Critical Mineral Mining Costs
Red Sea Attacks Disrupt Key Asia-Europe Sea Trade Route
Will China Take on More Debt Chasing 5% Growth in 2024?
China Set to Start Sea Trials of Deepwater Drilling Ship

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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.