First in 52 years: Historic fall in coal power simultaneously in China and India
US President Donald Trump has greenlit a sanctions bill that could impose 500% tariffs on countries buying oil from Russia. Photo: Wikimedia Commons
By Editorial Team | January 15, 2026
US President Donald Trump has greenlit a sanctions bill that could impose 500% tariffs on countries buying oil from Russia. This bill will give him leverage against the countries to stop them from Moscow, reported ETEnergyworld.
Trump has imposed 50% tariffs on India, among the highest in the world, including 25% levies for its purchases of Russian energy.
US’s Venezuela oil plan could exhaust 13% global carbon budget to remain under 1.5°C, Oil Groups seek Legal and Financial Guarantee Before Investing in Venezuela
The US plans for Venezuelan oil could “consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5°C” by 2050, according to analysis covered by the Guardian.
US oil groups are pushing President Donald Trump on providing strong legal and financial guarantees before investing in Venezuela, reported Financial Times.
Earlier this month, Trump announced that the American oil companies will be reimbursed by the US or through revenue if they invested in Venezuela. Chevron is the only American company that holds a US license to export Venezuelan crude and is seeking to amend its agreement with the US Treasury department to sell more oil.
Bharat Coking Coal Draws $13 Billion in Bids on Strong Demand from Steelmakers
Bharat Coking Coal Company drew bids worth $1.17 trillion for its $118.7 million initial public offering (IPO) on stronger demand for coking coal from steelmakers, reported Reuters.
India’s top coking coal miner received bids for 50.93 billion shares, nearly 147 times the number of shares on offer.
India Held Talks with US Secretary Rubio on Trade, Critical Minerals, and Nuclear Power
India’s foreign minister S Jaishankar held talks with US Secretary of State Marco Rubio on trade, critical minerals, and nuclear power, reported Reuters.
India has pledged to buy more US energy and defence equipment to help narrow the trade deficit and both the countries have also set a target of doubling bilateral trade to $500 billion by 2030.
Dark Fleets Seek Russian Protection as US Seizes Oil Tankers
Dark fleets around the world are seeking Russian protection after the US started seizing oil tankers with Venezuelan trade, Bloomberg reported.
According to Starboard Maritime Intelligence Data, at least 26 ships have switched registrations to Russia since the beginning of last month. A jump from six in November and just 14 over the previous five months.