Recently, Bloomberg reported that five of India's largest oil refiners have made no purchases of Russian crude for December delivery, instead turning to Saudi Arabia, UAE and Iraq for crude with similar properties to Urals. The move comes after Washington sanctioned Rosneft and Lukoil while the EU adopted its 19th package of sanctions. Only Indian Oil Corporation (IOC) and Nayara Energy, in which Rosneft holds a 49% stake, have purchased crude from Russia for December. Meanwhile, the diplomatic sensitivity of the ongoing trade talks between the…

Rodrigo Paz, the centrist senator who won the presidential election in Bolivia last month, was sworn in this weekend and immediately set to work to undo the policies of 20 years of nearly-uninterrupted socialist rule. In the first round of the presidential election on 17 August, the left-wing Movimiento al Socialismo (MAS) suffered a historic defeat after nearly two decades in power. MAS nominee Eduardo del Castillo won only about 3% of the vote, while right-leaning Quiroga secured 27% and the more centrist Paz won 32%. Paz, who defeated conservative…

The energy transition faces the biggest challenge yet as a global backlash against renewable energy – spearheaded by U.S. President Donald Trump – is gaining momentum, according to two of the European pioneers of wind turbine design. President Trump’s views on wind energy and climate change are extreme, but they are symptomatic of a global shift in the perception of the need for and benefits from the energy transition, say Henrik Stiesdal and Andrew Garrad, a Dane and a Brit, who are often referred to as the “Godfathers…