Nigeria: Crude Oil Theft May Crash Economy, Lawan Warns
Senate President Ahmad Lawan has warned that unless prompt action is taken, crude oil theft may stagnate the economy and drive it into a coma. Lawan said this Tuesday in Continue Reading
Malaria and diseases spreading fast in flood-hit Pakistan
The death toll from malaria and other diseases tearing through Pakistan’s flood-ravaged regions reached 324, authorities said on Wednesday, and actress Angelina Jolie said she feared many people she had Continue Reading
China Says Its Coal Reserves Will Last For 50 Years
China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years, according to annual reserves data from the Ministry of Natural Resources cited by Continue Reading
China’s Fossil Fuel Imports From Russia Are Soaring
China’s imports of crude oil and coal imports from Russia exploded in August, data showed on Tuesday, but despite the jump in supply, Russia handed back its top oil supplier Continue Reading
Column: Despite weak crude oil imports, China keeps building stockpiles
One of the features of the crude oil market this year has been China’s weak imports and faltering exports of refined fuels. But despite the decline in oil imports, China Continue Reading
Yuan Losses Deepen Highlighting Limits of PBOC Currency Defense
PBOC sets stronger-than-expected fixings for 21 straight days Move follows Federal Reserve’s third 75 basis point rate hike Bloomberg News China’s yuan is set for its longest losing streak since Continue Reading
Chinese Oil Refiners To Ramp Up Output As Demand Rebounds
Chinese refiners have plans to increase processing rates by 10 percent next month as they see demand increasing, especially from abroad. Refiners are hoping the government will issue another fuel Continue Reading
China Increases Crude Oil Imports From Russia
Despite lower crude oil refining and imports overall, China has increased its crude oil imports from Russia. Despite lower crude oil refining and imports overall, China has increased its crude Continue Reading
US Ratifies Kigali Climate Treaty to Slash Super-Pollutants
The US Senate voted Wednesday to join more than 130 nations in pledging to phase out the use of super-polluting greenhouse gases found in refrigerators and air conditioners, a step Continue Reading
High Natural-Gas Prices Push European Manufacturers to Shift to the U.S.
A big winner from the energy crisis in Europe: the U.S. economy. Battered by skyrocketing gas prices, companies in Europe that make steel, fertilizer and other feedstocks of economic activity Continue Reading