Focus on Trade
OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say
From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.
China’s BYD will consider second Europe plant in 2025, exec says
As Xi Jinping wraps up European tour, leading Chinese EV maker BYD says second European plant under consideration.
Australia backs long-term gas drilling despite 2050 climate goals
Resources Minister Madeline King said Australia's LNG would be needed "through to 2050 and beyond" in the global shift to cleaner energy.
US could ban Chinese connected vehicles or impose restrictions, US commerce secretary says
U.S. Commerce Secretary Gina Raimondo says the Biden administration could take an "extreme action" and ban Chinese connected vehicles or opt to impose...
EU eyes first ever sanctions on Russia’s LNG sector
The aim is to further hit Russia's revenues from fossil fuels as there have been growing concerns that previous sanctions have not hurt...
Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion
Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed...
BMW says EU probe into China EV subsidies against free trade
CEO of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade
EU tariffs on Chinese EVs could backfire, hobble Green Deal, BMW CEO says
BMW's CEO has warned against imposing EU import duties on EVs from Chinese automakers, saying it could upend the bloc's Green Deal
Republicans urge Biden to prevent French work with Russian nuclear power company
Two influential Republican U.S. lawmakers have urged President Joe Biden to prevent a French company from working on civil nuclear power projects with...
