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Latest: Energy News

World Bank’s Banga Keen to Bolster Investment in Renewables
World Bank’s Banga Keen to Bolster Investment in Renewables

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

Storms Claim Lives, Destroy Crops in Northeast China
Storms Claim Lives, Destroy Crops in Northeast China

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

BYD Launches New Brand Fang Cheng Bao, First SUV Out This Year
BYD Launches New Brand Fang Cheng Bao, First SUV Out This Year

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

Saudi Arabia Emerging as Hot New Market For Chinese Investors
Nikkei Rebounds, Hang Seng Rises Amid Fed Pause Hope
Deflation Risks Rise as China’s Factory Prices Slump in May
China-Russia Trade Reaches New High With Over 40% Jump – CNN
Chinese Energy Storage, Battery Firms Plan $1bn Vietnam Plants
World Bank Lifts China GDP Forecast and 2023 Global Outlook
Indonesia’s China-Backed Rail Link Hit by New Hiccups

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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.