The IEA’s Clean Energy Equipment Price Index hit a record low in early 2024, with solar and wind components from China seeing price drops of 60 and 50 percent, respectively, since 2022.

China’s oil use will reach a maximum 16.9 million barrels a day by 2027, peaking roughly two years earlier than previously forecast, according to the IEA’s report.

Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the Paris-based IEA's annual report shows. At the same time, global production ...

The International Energy Agency said China's oil demand will stop growing earlier than expected. The IEA predicts the nation's demand will top out in 2027, and worldwide oil use two years after that.

President Trump is trying to further open up China’s market to U.S. companies as Beijing’s appetite for the rest of the world’s exports is diminishing.

Overall, the growing ties between Brazil and China has brought Brazil’s economic independence into question. As of 2023, China bought 30 percent of Brazil’s exports, more than any other country.

The scheme reduces existing duties on import of vehicles for overseas manufacturers from the present 70-100% to 15% subject to the maker meeting minimum requirements for investment and setting up ...

Global energy investments are forecast to reach a record $3.3 trillion in 2025, with clean energy spending—led by solar—more than doubling fossil fuel investment, according to the IEA.

In May, China hosted the fourth ministerial meeting of the China-Community of Latin America and Caribbean States (CELAC) Forum in Beijing. Colombia signed onto the Belt and Road Initiative. Public ...

China has cemented its status as the world’s top energy investor, spending nearly as much as the US and EU combined. In 2015, it barely edged out the US.

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop the 145% tax Mr. Trump had imposed on China to 30%. China agreed to lower its tariff rate on U.S. goods to 10% from 125%.