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Russian crude here to stay? Why India-US energy ties may be more about LPG, LNG than oil
US President Donald Trump announced in February that India would stop buying Russian crude oil and step up energy ties with the United States of America. Four months after that, India’s Russian oil imports are near record highs and the US still doesn’t feature among India’s top five crude suppliers. But notably, India has stepped up LPG and LNG imports.
EU Commission to defend Spain in €106m US energy lawsuit
When firm Blasket Renewables sought to enforce compensation in a US court, the European Commission argued that Spain could not legally pay it, highlighting a clash between international arbitration and EU law. The European Commission is seeking permission from the European Council to defend Spain from a €106 million lawsuit brought in a US court under the Energy Charter Treaty (ECT) which could put Madrid in breach of EU state aid rules, according to a document seen by Euronews. The ECT is a...
Solar energy helps US farms stay afloat – but Republicans’ bill could change that
Installing solar panels to offset electricity costs helps farms during financial strain. But the House version of the farm bill would limit their useTwelve years ago, George Hunt needed a new roof on his cow barn in Orange, Massachusetts. Solar was “hot” back then, Hunt said, thanks to federal and state commitments to increase renewable energy supplies.
Driven by AI demand, China on track to pass US as top nuclear energy producer
Driven by AI demand, China on track to pass US as top nuclear energy producer Beijing is building new reactors at unrivalled speed – but the US still holds an edge in nuclear fusion research, analyst says While the US maintained the world’s largest operational fleet of nuclear reactors, China now accounted for nearly half of all those under construction globally and was expected to match American capacity within five years, Gavekal Technologies said on Monday. “By a wide margin, China will...
US inflation hits new three-year high amid energy price surge
US inflation hits new three-year high amid energy price surge US markets stumbled as inflation data sparked fears of rate hikes in the coming months. Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April, according to the US...
US quietly plays the long game on energy dominance against China
US quietly plays the long game on energy dominance against China Behind the Trump administration’s detente with Beijing lies a strategy to redirect global energy flows and disrupt Chinese competitiveness Sun Tzu wrote that “fighting and winning all your battles is not the height of skill; subduing the enemy without fighting is the height of skill”. That maxim offers perhaps the clearest lens to interpret the logic of American grand strategy under US President Donald Trump. What many dismiss...
Energy now a focus of US-China contest of the century
Given that control over energy reinforces superpower status, the contest of the century has morphed into an intense rivalry between China, a rising “electrostate”, and the United States, the world’s hydrocarbon hegemon safeguarding its position. China recognises that electricity drives its economy. Despite being a major producer of coal, crude oil and natural gas, China remains an importer of these hydrocarbons.
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027. The Consumer Price Index increased 4.2 per cent in the 12 months through May, the largest gain since April 2023, the Labor Department's...
US eyes stake in Azerbaijan's pipelines as economic ties enter new phase after Trump-brokered deal
Washington wants in on Azerbaijan's pipelines and energy infrastructure, a senior US official said in Baku, as the two countries deepen economic ties following Trump's White House peace deal with Armenia. The United States wants a direct stake in Azerbaijan's pipeline and energy infrastructure, a senior US official said on Thursday, signalling Washington's ambitions to deepen its foothold in a region long dominated by Russia and China. Speaking at the first Azerbaijan–US Economic Dialogue in...