energy-international-trade1.865 min read
EU Launches Investigation into Chinese Wind Power Subsidies, Prompting Protests from China
1 year ago•Source: NPR
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4.675 min•2 years ago
"Shifting Shipping Routes: Implications for European Crude Purchases and Inflation"
More crude tankers are diverting from the Suez Canal due to Houthi rebel attacks, leading to longer voyages and supply issues for Europe. This "sea change" in commodity purchases is expected to increase energy prices for Europe and benefit Atlantic Basin crude suppliers like the U.S. and Brazil. The longer transits are causing delays and squeezing tanker availability, leading to increased freight rates. European countries are seen as complicit in the Israel-Hamas war, prompting European oil owners to opt for longer routes around Africa's Cape of Good Hope. This shift is expected to be a prolonged, painful event but a boost for the U.S. and Brazilian energy industry.
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"Red Sea Tensions Disrupt European Oil Supply, Prompting Market Contingency Plans"
Al Jazeera English•2 years ago
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QatarEnergy Halts Red Sea LNG Shipments After Security Concerns
Reuters.com•2 years ago
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"India's Increased Saudi Oil Imports Offset Russian Plunge Amid Price Cuts and Geopolitical Tensions"
Saudi Arabia's recent oil price cuts have led Indian refiners to increase their purchases of Saudi crude as imports from Russia hit an 11-month low due to better discounts available elsewhere. Payment issues with Russian oil suppliers, including a dispute over currency and pressure to maintain good ties with the US, have contributed to the decline in Russian imports. India's oil chief stated that the drop in purchases from Russia is due to better discounts on crude available from other suppliers.