China ready to ‘play a role’ in Ukraine ceasefire
China signalled it was ready to play a role in finding a ceasefire in Ukraine as it “deplored” the outbreak of conflict in its strongest comments yet on the war. Beijing Continue Reading
SWIFT Ban Hits Russian Coal Exports To China
Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sanctions themselves after selected Russian Continue Reading
China’s independent refiners cautious on procuring Russian crude due to payment challenges
China’s independent refineries have turned cautious of procuring Russian crudes following the escalation of the Russia-Ukraine military conflict , while difficulties faced in the issuance of letters of credit dampen Continue Reading
Iran offering fewer crude cargoes to Chinese traders as it prepares for lifting of sanctions: sources
Traders expect Iran to do away with discounts Iranian crude around $8/b cheaper than other similar grades Iran could supply 1.75 mil b/d by August: S&P Global Iran’s state-owned National Continue Reading
India sticks with Russia after Vladimir Putin’s invasion of Ukraine
An increasingly isolated Vladimir Putin left Russia for only the second time during the pandemic last December. His destination was New Delhi and his focus was on preparing for future Continue Reading
Ukraine: Why India is not criticising Russia over invasion
India has had to walk a diplomatic tightrope over Ukraine in the past few days as it tried to balance its ties with Moscow and the West. Delhi’s first statement Continue Reading
Indian Oil removes Russian, Kazakh crudes from tenders on sanctions, insurance risks
Indian Oil Corp. has asked its crude suppliers to stop offering Russian and Kazakh crudes to avoid any payment and insurance risks caused by international sanctions on Russia after its Continue Reading
China buys more Iranian oil now than it did before sanctions, data shows
China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. Continue Reading
China Shunning Russian Coal With Banks Nervous Over Sanctions
Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Some state-own firms Continue Reading
Giant Floating Solar Flowers Offer Hope for Coal-Addicted Korea
Floating solar panels on the surface of the Hapcheon Dam in South Korea. The project can generate enough to power 20,000 homes, according to Hanwha Solutions. With little usable land Continue Reading