Sri Lanka Is Put On Virtual Lockdown As Fuel Supplies Are Halted

Citizens were put on a virtual lockdown amid crippling sovereign debt crisis that’s left the nation with no fresh fuel supplies. .

Reliance Seeks New Technologies to Make Cheaper Green Hydrogen

(Bloomberg) – Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country. As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president … Read more

US May Allow More Iran Oil To Flow Even Without Deal, Says Vitol

“Uncle Sam might just allow a little bit more of that oil to flow,” Mike Muller, head of Asia at Vitol Group, said Sunday on a podcast produced by Dubai-based Gulf Intelligence. “If the midterms are dominated by the need to get gas prices lower in America, turning a somewhat greater blind eye to the … Read more

Ukraine Latest: Explosions In Kyiv For First Time Since April

Several explosions took place in the Ukrainian capital on Sunday morning with no casualties reported, Kyiv authorities said, while air defense forces shot down another Russian missile in the region. .

Asia’s Two Richest Men Reap Windfall From Surging Oil, Coal

Though Adani, 59, and Ambani, 65, have unveiled a combined $ 142 billion in green investments over the next few decades in a pivot away from coal and oil – the bedrock of their empires – they are also finding it hard to kick the fossil-fuel habit as the conflict stokes demand. Global coal demand … Read more

Holcim Sells India Arm to Billionaire Adani in $ 10 Billion Deal

The Swiss company will sell its 63.1% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group in a deal valuing the business at nearly $ 10 billion, according to a statement Sunday. Adani will inherit Ambuja’s controlling stake in another publicly traded cement producer, ACC Ltd., and buy Holcim’s direct 4.5% holding in the unit, … Read more