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Latest: Energy News

Chinese State Banks Selling Dollars to Slow Currency’s Decline
Chinese State Banks Selling Dollars to Slow Currency’s Decline

The yuan has slid more than 4% against the dollar so far this year, while policymakers in Japan are also considering their options to fix the yen's rapid and one-sided plunge

Private Equity Deals at 4-Year Low, Hit by Rate Hikes, Slowdown
Private Equity Deals at 4-Year Low, Hit by Rate Hikes, Slowdown

US deal volumes more than halved to $162.5 billion from last year, while activity in Europe and Asia (ex-Japan) fell 70% and 80% to $77.3 billion and $19.1 billion respectively, Dealogic data showed

China Plays Down Russian Revolt as ‘Internal Affair’
China Plays Down Russian Revolt as ‘Internal Affair’

The Global Times quoted Chinese experts saying claims that the "short-lived revolt" by Wagner mercenary chief Prigozhin eroded Putin's power were "wishful thinking" by the West

Lithium Producers Warn Supply Shortfalls Risk EV Progress
China, Europe Must Share Climate Change, Poverty Burden: Li
US and India Sign Deals on Chips, Tech, Space and Defence
Biden Plays Down Impact of Calling China’s Xi a ‘Dictator’
Pakistan in China Nuke Plant Deal, Talks to UAE on Port Sale
World Bank Should Add Disaster Clauses to Debt Deals: Yellen
China Turns to AI in Race For Himalayas Rare Earths – SCMP

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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.