Tag: Exports
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China’s Lesson for India on Weaponized Interdependence
Recent Chinese export curbs on capital goods and machinery to India amount to India’s biggest geoeconomic challenge since sanctions by the West following its successful nuclear test in 1998. Over the past few weeks, multiple reports have emerged suggesting that Chinese companies are restricting export of vital advanced capital goods and machinery to India. Indian manufacturers of electronics, solar…
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Renewable sources covered a record 41% of Italy’s power demand in 2024
According to the Italian power transmission system operator (TSO) Terna, electricity consumption in Italy increased by 2.2% in 2024, surpassing 312 TWh, and renewable sources reached their highest share ever, covering 41% of power demand (compared to 37% in 2023), thanks to improved hydropower and solar PV generation. In 2024 there was a significant growth in…
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Oil prices hold at three-month high on stronger demand
Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 22 cents, or 0.3%, to $76.73 a barrel by 1133 GMT, their highest since Oct. 14. U.S. West Texas Intermediate crude was up…
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Russian gas era in Europe ends as Ukraine stops transit
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over Europe’s energy markets. The gas had kept flowing despite nearly three years of war, but Russia’s gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused…
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What the oil and gas industry wants from Trump and how his administration might deliver it
The oil and gas industry has a “to do” list for President-elect Donald Trump. The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand drilling on federal lands, make pipeline permitting easier, repeal strict vehicle emissions and fuel economy standards, and keep current corporate tax rates in place. This five-point road map is…