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Latest: Energy News

China Oil Demand Plunge a ‘Watershed Moment’
China Oil Demand Plunge a ‘Watershed Moment’

China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels a day this year - the first decline in 20 years, largely because of Covid curbs

Russia Cheated by Grain Deal, Gas Price Cap Stupid: Putin
Russia Cheated by Grain Deal, Gas Price Cap Stupid: Putin

Russian leader condemned the West's idea for a price cap on Russian gas, saying it would lead to price rises and that global demand for Russian energy was high.

China to Buy Russian Gas in Roubles, Yuan, Says Gazprom
China to Buy Russian Gas in Roubles, Yuan, Says Gazprom

The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine

Indonesia’s Vale, China Firm Sign $2bn Nickel Plant Deal
Rio Tinto Talks to China’s New Iron Ore-Buying Agency
India Likely Selling Refined Russian Oil to West, Study Says
China Lockdowns, Demand Fears Blamed For Oil Price Tumble
China’s Local Governments Sell Assets To Raise Cash – Caixin
Rio Tinto in $3.3bn Deal for Control of Mongolian Copper Mine
Toyota to Triple Spending on EV Battery Plant in US

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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.