Category: Highlights

China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in Ukraine. Beijing is in discussions with Moscow to buy additional supplies, according to people with knowledge of the plan who asked not to be named…

The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to new research. And there does not seem to be a sign of relief in sight. Yardeni Research reported the figures, as cited by CNBC, adding that since March this year alone, annual spending on gasoline by…

LONGi is the world’s leading solar technology company. It officially entered the Pakistan market In 2019. In three years LONGi went from 1 MW to 500 MW relied on its high-quality, reliable solar modules, and Firmly towards the goal of 1GW with all partners.As the most valuable solar PV solution company in the world, LONGi has never forgotten its social…

Russia’s state-owned oil producers Rosneft and Gazprom Neft have started to use tankers of local state tanker operator Sovcomflot to ship their crude to Asia, Bloomberg reported on Wednesday, quoting tanker-tracking data and sources familiar with the operations. Tankers owned by Sovcomflot struggled to find destinations shortly after the Russian invasion of Ukraine as countries either banned imports of Russian…

Oil and gas sector employment is on the road to recovery in the United States after the significant job shedding that took place during the pandemic era. But a full recovery won’t be seen for another five years, a new analysis from Rystad Energy showed on Wednesday. The U.S. oil and gas industry lost 200,000 jobs during the pandemic, according…

Back in mid-February, Pioneer Natural Resources’ Scott Sheffield told Bloomberg that “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans.” Despite all that has happened since then, centered on Russia’s invasion of Ukraine, the attitude expressed by Sheffield in February has not changed, even though shale drillers are now almost literally raking…

In the two most recent U.S. presidential administrations, Central Asia has been caught up in Washington’s “strategic competition” with Beijing, experts say. And, they add, that under the presumption that Central Asians share Washington’s concerns, the United States, highlighting human rights violations in China’s western region of Xinjiang, has insisted the countries in the region reevaluate their relations with Beijing,…

The European Union said companies can keep buying gas without breaching sanctions, as it softened its stance in a standoff with Moscow over energy supplies. The European Commission sent its revised guidelines to member states on Friday, a spokesperson said on Monday. In the updated recommendations, it said companies should make a clear statement that they consider their obligations fulfilled…

The discovery of another marine natural gas reservoir, announced May 9 by British natural gas company Energean, underscores Israel’s emerging status over the past decade as a regional power in the field of natural gas. The country is capable of providing not only for its own needs, but for the needs of its neighbors as well, and even for other…

China increasingly sees the war in Ukraine — and the roles of the United States and its NATO allies in backing Kyiv against Moscow — as a reflection of future tensions to come between the military bloc and Beijing in the Indo-Pacific. Ever since Russian tanks first crossed into Ukraine on February 24, Beijing has walked an awkward line between…