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13.10.25 - 01:31
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China′s clean-energy stocks closing gap with global renewables surge (SCMP)
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Shares in China's clean-energy companies, driven by policy tailwinds, show signs of catching up with a global rally that has lifted renewable equities into the ranks of this year's top trades.
The Hang Seng Shanghai-Shenzhen-Hong Kong Clean Energy Index rose about 30 per cent over the past six months, in line with the broader China market. The S&P Global Clean Energy Transition Index has jumped nearly 50 per cent over the same span, compared with 35 per cent gains in both the S&P 500 index and......
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09.10.25 - 08:42
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Indian Traders Begin Switching To Chinese Yuan For Russian Oil Purchases: Report (ZeroHedge)
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Indian Traders Begin Switching To Chinese Yuan For Russian Oil Purchases: Report
Via The Cradle
India's state oil firm has begun making payments for Russian energy in Chinese currency, the yuan, according to a report released by Reuters on Tuesday.
"Indian Oil Corporation recently made payments in Chinese currency for two to three cargoes of Russian oil," informed sources told the British outlet.
Image: Getty Images
"Now, traders, which until now had to convert payments in dirhams or dollars into yuans – since only those can be directly exchanged into rubles needed to pay the producers – are seeking to remove one costly step from the process," one trade source said.
Sources also said that traders are "pricing Russian oil in dollars to ensure adherence to the European Union's price cap and seeking equivalent yuan payment," adding that "payments in yuan will expand the availability of Russian oil for Indian state refiners, given some traders would...
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06.10.25 - 11:24
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′All Eyes Are on China′ After OPEC+ Hike: Crystol Energy (Bloomberg)
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Crystol Energy Chief Executive Officer Carole Nakhle discusses OPEC+'s decision to raise oil production by 137,000-barrel-a-day. "If I look at the demand side, I think China is the main component in terms of keeping a floor to oil prices," Nakhle tells Bloomberg Television. (Source: Bloomberg)...
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02.10.25 - 04:30
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PETROCHINA Appoints New President (AAStocks)
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PETROCHINA (00857.HK) announced that its director and senior vice president, Ren Lixin, had been appointed as its president.From September 2003, Ren has successively served as a member of the Party committee, chief engineer, the deputy general manager, the general manager, deputy Party secretary, and safety director of Dushanzi ......
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