India hasn’t requested refiners to cut imports of Russian crude oil and no cuts have been seen for the already placed nominations for loadings in November, Indian industry sources told Reuters on Friday, after the U.S. claimed refiners had stared to reduce Russian supply. U.S.-Indian talks in Washington this week …
Read More »China Drives Global EV Sales to Record High
Global sales of electric vehicles rose to a record high of 2.1 million in September, driven by Chinese demand which accounted for over half of that global total, Rho Motion reported today. EV sales in China last month hit 1.3 million, with the number for the first nine months of …
Read More »Russian Crude and Fuel Export Revenues Continue to Fall
Russia’s export revenue from crude and fuels dipped in September again as a slump in refined product shipments couldn’t offset an increase in crude oil exports, data from the International Energy Agency (IEA) showed on Tuesday. Russian revenues from crude and petroleum products declined to $13.35 billion in September from …
Read More »China’s Coal Imports Jumped to 9-Month High in September
Chinese coal imports surged in September to the highest level in nine months and the highest for 2025 amid falling output and rising prices within China, official data showed on Monday. The world’s top coal consumer, China, imported 46 million tons of coal in September, the highest level so far …
Read More »Geothermal Power Emerges as Trump’s Favorite Clean Energy
One of the few renewable energy sources that the Trump administration has not yet criticised is geothermal power, as companies across the United States continue to develop innovative geothermal projects with financial support from Biden-era policies. The sweeping budget legislation that President Trump signed in July preserved most key tax …
Read More »China Vows to Protect Its Firms amid Fresh US Oil Sanctions Barrage
China vowed on Friday to protect the rights and interests of Chinese companies after the U.S. unleashed on Thursday a new sanctions package on Chinese entities for importing crude oil from Iran. The U.S. Treasury on Thursday blacklisted around 100 individuals, vessels, and companies—including China’s Shandong Jincheng Petrochemical Group, a …
Read More »Exxon Considers Return to Iraq
Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion barrels, which makes it one of the biggest in the …
Read More »EU Plans to Sanction Providers of False Flags to Russia’s Shadow Fleet
The EU plans to impose sanctions on three companies that have provided false flags to tankers of the Russian shadow fleet, Bloomberg reported on Tuesday, citing documents it has reviewed. The companies have provided false flags of Aruba, Curacao, and Sint-Maarten to at least eight tankers sanctioned by the EU, …
Read More »High Costs, Low Prices Threaten to Stall Argentina’s Shale Ambitions
Argentina’s prized shale basin Vaca Muerta, once hailed as the key to transforming the country into a global energy exporter, is now facing a period of stagnation and uncertainty. Lower oil prices, rising costs, and policy constraints have slowed drilling and fracking, raising questions about whether the formation can deliver …
Read More »China to Build 11 New Oil Storage Sites in 2 Years
China is building new oil storage sites as it stockpiles crude while it is cheap. This year and next will see a total of 11 new storage sites built across the country, Reuters reported today, noting that the combined capacity of the new sites would come in at some 169 …
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