After his high-stakes summit with US President Donald Trump in Anchorage, Alaska, in August, Russian President Vladimir Putin told reporters that cooperation with the United States in the Arctic was “very possible”. “We see that Arctic cooperation is also very possible in our international context. For example, between the far east of Russia and the…
Kyiv is urging European countries still guilty of purchasing Russian oil to buy American —and even offering storage space for US energy firms to bring them closer to market, a top Ukrainian official told The Post. President Trump last week phoned some European leaders gathered in Paris to discuss the Ukrainian war to insist they…
China and Russia have greenlit a new cross-border natural gas pipeline in a major win for Russian President Vladimir Putin, though questions about who pays what and at what price remain unresolved. Once completed, the proposed Power of Siberia 2 pipeline could pump 50 billion cubic meters (bcm) of gas per year into China—about 61…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
Nor would taking Russian energy out of the equation make much difference: The bloc spent just €23 billion on oil, gas and nuclear imports from Moscow last year. At the same time, the U.S. only sent $166 billion in oil and gas abroad last year, Page explained, meaning it would have to divert all its…
President Donald Trump‘s strikes against Iranian nuclear facilities over the weekend elicited concerns about the potential for gas prices to increase. But they have mostly remained stagnant since Friday, before the attacks, and one analyst told Newsweek it appears that a cost surge at the pumps is unlikely at this point. Why It Matters The…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
China hasn’t imported liquefied natural gas from the United States since early February, as the tariff war hit energy trade and could have long-term consequences for U.S. LNG export contracts. The last LNG cargo to arrive in China from America was a tanker from Corpus Christi, which docked in the southern Chinese province of Fujian…
The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…