Latest: Energy News

A US-led group met with African nations recently to bolster supply chains needed for the clean energy transition in a bid to "challenge Chinese dominance" in critical minerals

"The reactivation of coal power plants in a number of European countries has contributed to the rise of global coal demand," Indonesia's energy minister said.

Mining giant expects global steel consumption to increase by 42 million tonnes in 2030 and 76m tonnes in 2050, due to soaring demand for solar and wind power equipment.

US Treasury has imposed sanctions on an Indian petrochemical firm and groups in the UAE and Hong Kong for secret deals that funded the shipping of Iranian oil products to South and East Asia

Mashreq Bank in Dubai declined a request to take payments from at least Indian two refiners in Emirati dirhams, forcing the buyers to pay for crude in US dollars, sources say

China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said

Adani said 70% of the $100 billion-plus his group will invest over the next decade will go to "energy transition", adding that they are already the world’s largest solar player