Among the swathe of Chinese entities last week placed by the U.S. Department of Defense (DOD) on a blacklist of firms believed to be supporting Beijings military were several from its energy sector. Most notable of all, perhaps, were the China National Offshore Oil Corporations (CNOOC) international oil trading arm and the COSCO Shipping Corporation. As the DOD blacklist focuses on companies...

Among the swathe of Chinese entities last week placed by the U.S. Department of Defense (DOD) on a blacklist of firms believed to be supporting Beijings military were several from its energy sector. Most notable of all, perhaps, were the China National Offshore Oil Corporations (CNOOC) international oil trading arm and the COSCO Shipping Corporation. As the DOD blacklist focuses on companies...

Among the swathe of Chinese entities last week placed by the U.S. Department of Defense (DOD) on a blacklist of firms believed to be supporting Beijings military were several from its energy sector. Most notable of all, perhaps, were the China National Offshore Oil Corporations (CNOOC) international oil trading arm and the COSCO Shipping Corporation. As the DOD blacklist focuses on companies...

The two-day oil price rally on Friday and Monday following the latest U.S. sanctions on Russias oil exports goes to show that geopolitics will continue to play a key role in oil price action and market balances this year. The price rally, which pushed oil to four-month highs, could just be a knee-jerk reaction until tanker supply chains adapt to the latest sanctions move. Nevertheless, these ge...

Russia has captured two of Ukraine's four lithium deposits since it launched its all-out invasion in 2022, potentially depriving Kyiv of a key economic resource. On January 11, Russia claimed to have seized control of Shevchenko, a rural settlement in Ukraine's eastern Donetsk region. The settlement sits on top of one of Ukraine's biggest lithium deposits. Experts say Russia's seizure of Ukraine's...

Russia has captured two of Ukraine's four lithium deposits since it launched its all-out invasion in 2022, potentially depriving Kyiv of a key economic resource. On January 11, Russia claimed to have seized control of Shevchenko, a rural settlement in Ukraine's eastern Donetsk region. The settlement sits on top of one of Ukraine's biggest lithium deposits. Experts say Russia's seizure of Ukraine's...

Russia has captured two of Ukraine's four lithium deposits since it launched its all-out invasion in 2022, potentially depriving Kyiv of a key economic resource. On January 11, Russia claimed to have seized control of Shevchenko, a rural settlement in Ukraine's eastern Donetsk region. The settlement sits on top of one of Ukraine's biggest lithium deposits. Experts say Russia's seizure of Ukraine's...

Japan is joining its Western partners in sanctioning a Kazakh-registered company for supplying microchips to Russia that have military applications. The penalty imposed on the Kazakh entity, Da Group 22 LLC, was part of a broader round of sanctions announced by the Japanese government on January 10 designed to curtail Russias ability to maintain its war effort in Ukraine. Overall, Japan added 2...

Japan is joining its Western partners in sanctioning a Kazakh-registered company for supplying microchips to Russia that have military applications. The penalty imposed on the Kazakh entity, Da Group 22 LLC, was part of a broader round of sanctions announced by the Japanese government on January 10 designed to curtail Russias ability to maintain its war effort in Ukraine. Overall, Japan added 2...

Via Metal Miner The UK governments Department for Business and Trade has set up a committee called the Steel Council to secure long-term steelmaking in the country, where the steel industry continues to struggle. According to a January 7 statement from the ministerial department, the new council will provide advice on rebuilding the sector as well as its upcoming steel strategy. The departme...

Via Metal Miner The UK governments Department for Business and Trade has set up a committee called the Steel Council to secure long-term steelmaking in the country, where the steel industry continues to struggle. According to a January 7 statement from the ministerial department, the new council will provide advice on rebuilding the sector as well as its upcoming steel strategy. The departme...

Germanys electricity generation from oil surged to the highest since at least 2017 while gas-fired output soared to the highest in two years, as European power utilities prepare for a slump in wind energy. Meanwhile, German day-ahead power prices reached 222.18 a megawatt-hour for Wednesday on Epex Spot SE, their highest in a month. For some perspective, the contract has settled above 200...

Via Metal Miner The UK governments Department for Business and Trade has set up a committee called the Steel Council to secure long-term steelmaking in the country, where the steel industry continues to struggle. According to a January 7 statement from the ministerial department, the new council will provide advice on rebuilding the sector as well as its upcoming steel strategy. The departme...

Via Metal Miner The UK governments Department for Business and Trade has set up a committee called the Steel Council to secure long-term steelmaking in the country, where the steel industry continues to struggle. According to a January 7 statement from the ministerial department, the new council will provide advice on rebuilding the sector as well as its upcoming steel strategy. The departme...

Russia and Iran have unveiled plans to sign a "comprehensive strategic partnership" treaty on Friday when Iranian President Masoud Pezeshkian visits Moscow. The two nations dubbed 'pariahs' by much of the West have seen their cooperation and relations grow in the context of the Ukraine war. "On January 17, Vladimir Putin will hold talks with the President of the Islamic Republic of Iran Masoud Pez...

Russia and Iran have unveiled plans to sign a "comprehensive strategic partnership" treaty on Friday when Iranian President Masoud Pezeshkian visits Moscow. The two nations dubbed 'pariahs' by much of the West have seen their cooperation and relations grow in the context of the Ukraine war. "On January 17, Vladimir Putin will hold talks with the President of the Islamic Republic of Iran Masoud Pez...