The Magazine for Asian Investors
Angela Wilkinson of the World Energy Council said Thursday that the current oil crisis is different from previous oil crises and that consumers will have to bear the impact as inflation rises. “I think this is a first global energy…
The leaders of the G7 countries have united to ban or halt imports of Russian oil. This is intended to put Russia under further pressure. “We pledge to end our dependence on Russian energy by ending or banning Russian oil…
Federal Reserve (Fed) Chairman Jerome Powell reiterated the Fed’s position on interest rates in his speech at an IMF-sponsored seminar Thursday (April 21, 2022). The Fed sees inflation running away and wants to use its tools to stop it. “Getting inflation back…
The China Customs Service said today that imports of liquefied natural gas (LNG) reached 321,380 tons in March, down 35% from the same month last year. This was due to buyers deferring purchases as spot market prices rose. China imported…
Fossil fuels such as coal, gas, or oil are increasingly being cast in a bad light, precisely because of their high carbon emissions. Some countries have already taken steps to reduce CO2 emissions by expanding solar, hydro, wind, or even…
Rising inflation in most of the world’s economies and the Russian sanctions are driving up energy and commodity prices. Experts believe this will have a significant impact on the global economy. Even the IMF has now issued a warning and…
Asia is in the fast lane when it comes to building nuclear power plants. On no other continent in the world are so many nuclear power plants currently being built as in Asia. China is the main place with 19…
Gazprom, the Russian state-owned energy giant, said on April 10 that it would export gas through Ukraine to Europe as usual on orders from European customers. This has allayed fears of energy shortages following the start of Russia’s offensive against…
The EU has voted by a majority in favor of the fifth round of sanctions against Russia. According to the EU press release, the new sanctions package includes: — ” a prohibition to purchase, import or transfer coal and other solid…
Russia is open to gas payments in gold or Bitcoin. However, the payment method depends on the status of the paying country. Following the sanctions imposed by the West, Russia has drawn up a list of so-called “unfriendly” countries. The…
