When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…
India has asked China to allow the sale of some urea cargoes as the war in the Middle East curtails the nation’s gas supplies, threatening fertilizer production in the agricultural powerhouse. India’s request comes just as it eased investment rules for bordering countries to support local manufacturing, a step largely aimed at China that signals…
Recent Chinese drills showed how China would encircle and strangle Taiwan by blocking its life-sustaining shipping lanes, a strategy with potentially less risk than staging a full-scale invasion, as Beijing pursues its stated goal of gaining control of the self-ruled island, by force if necessary. The challenge of steeling Taiwan against a blockade starts with…
A recent discussion paper floated by the Danish presidency of the Council of the EU, seen by POLITICO, explored whether capitals would be open to imposing tariffs on Moscow as part of the bloc’s 19th sanctions package. That idea, according to several diplomats briefed on the talks, won little traction among ministers when it was…
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…
Shares in oil major Shell (SHEL.L) fell 3.2% on Monday, after the company warned that it expected to report lower trading and production results for its gas division in the second quarter. Shell lowered the top end of its production guidance for the integrated natural gas division to 900,000 to 940,000 barrels of oil equivalent…
By Natalia Siniawski MEXICO CITY (Reuters) -Russia is ready to supply liquefied natural gas (LNG) to Mexico and share energy sector technologies, the Russian embassy in Mexico said on Saturday on X. “We are already working with Mexico. We have excellent LNG technologies, and we are ready to share these technologies and supply LNG as…
As US President Donald Trump places sweeping tariffs on Chinese goods, the spectre of trade war looms over global commerce. While attention remains on consumer goods and factory output, a quieter but potentially more lasting confrontation is taking shape that could remake global trade infrastructure. On April 17, the Office of the US Trade Representative…