IEA: World will have enough renewable energy in 5 years to power China

London CNN Business — Global renewable energy capacity is expected to grow as much over the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to move away from fossil fuels. In a report released on Tuesday, the International Energy Agency predicts a … Read more

Chinese President Xi to visit Saudi Arabia, sources say, amid frayed US ties

CNN — Chinese President Xi Jinping is due to arrive in Saudi Arabia on Thursday for a two-day state visit amid high tensions between the United States and the two countries, according to a source familiar with the trip, an Arab diplomatic source and two senior Arab officials. officials. Xi’s trip to Riyadh will include … Read more

EU ministers insist it will work despite Kremlin opposition

The G7, the EU and Australia put in place a cap on Russian oil prices on December 5. Market players doubt the effectiveness of the measure. Bloomberg | Bloomberg | Getty Images BRUSSELS – A price cap on Russian maritime oil will work, EU ministers tell CNBC, despite attempts by the Kremlin to evade sanctions … Read more

Tankers en route to Russia as export price cap begins

Two tankers were heading to Russia on Monday, expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western nations came into effect. On Friday, the European Union agreed to cap Russian maritime oil prices at $60 a barrel, in a bid to limit Moscow’s revenue … Read more