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…
LITTLETON, Colorado, Jan 23 (Reuters) – China’s electricity output and clean energy technology exports scaled record highs in 2025, LNG and coal imports contracted and crude oil imports nosed higher in another dynamic year for the world’s largest power producer and energy consumer. Here’s a breakdown of China’s key domestic and international energy market impacts…
LONDON, Jan 4 (Reuters) – The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald Trump’s plans to revive production in the Latin American country may…
The Valera vessel, which loaded a shipment from Gazprom PJSC’s Portovaya facility on the Baltic Sea, arrived at the Beihai import terminal in China today. (Gazprom pic) MOSCOW: A Russian liquefied natural gas (LNG) export facility delivered its first shipment to China since being sanctioned by the US in January, the latest sign of increased…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
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…
(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….
After months of considerable forbearance, the statement by the Ministry of External Affairs (MEA), on Monday (August 4, 2025), pushing back against the U.S. and the European Union (EU) for “targeting” India is significant. The statement came two hours after Mr. Trump had announced penalty tariffs against India, “substantially” above the current 25% rate set…
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…
(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…