China Is Preparing For Life After Fossil Fuels
The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as the United Continue Reading
China economy under pressure as factory output, retail sales growth slow sharply
Industrial output +6.4% y/y vs June’s +8.3%, Reuters poll +7.8% Retail sales +8.5% y/y vs June’s +12.1%, Reuters poll +11.5% Fixed asset investment +10.3% in Jan-July, Reuters poll +11.3% Analysts Continue Reading
Sydney records deadliest day of COVID-19 pandemic, Melbourne lockdown extended
Australia’s biggest city of Sydney recorded its deadliest day of the COVID-19 pandemic on Monday as troops and police set up roadblocks to limit the movement of people, while Melbourne Continue Reading
China refinery output falls to lowest in 14 mths as teapots cut runs
China’s daily crude throuhgput last month fell to the lowest since May 2020 as independent plants slashed production amid a tighter quotas, high inventories and weakening profits. Last month’s processing Continue Reading
Delta variant and floods spark anxiety over Chinese growth
China’s economy sharply underperformed in July, with widespread flooding and an outbreak of the coronavirus Delta variant exacerbating concerns that the country’s growth trajectory would continue to lose momentum. Official Continue Reading
The Shale Pioneer Preparing For A Comeback
One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale gas basin Continue Reading
China’s crude runs likely to retreat in Q3 after record highs
Highlights Throughput could retreat to 14.6 mil b/d in Q3: Platts Analytics Pandemic-related restrictions could keep demand under check New refining capacity in Q4 could help throughput to rebound China’s Continue Reading
U.S. Utilities Could Face Slew Of Climate Lawsuits
Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact Continue Reading
US coal and oil demand on the rise again in blow to climate goals
America’s appetite for fossil fuels has come roaring back as the economy cranks into gear, providing a boost to energy groups but flying in the face of Washington’s drive to Continue Reading
Cost to Bury Carbon Near Tipping Point as Emissions Price Soars
Skyrocketing carbon prices and a “ code red ” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and removes greenhouse gas Continue Reading