Gazprom Neft Switches To Yuan Payments In China
Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, Continue Reading
Weaponizing Carbon Dioxide In The 21st Century
In the 20th century, oil became a major geopolitical weapon, most notably during OPEC’s 1973 oil embargo which caused a cataclysm shift in global power relations. OPEC continues to utilize Continue Reading
Climate Czar Kerry Fails To Clinch Climate Deal With China
China and the US have failed to reach a climate agreement after Biden’s climate envoy John Kerry pushed Beijing to make more public pledges before a UN climate summit in Continue Reading
Sydney COVID cases seen topping 2,000 a day; Australia ramps up vaccinations
Sydney, the epicentre of Australia’s biggest coronavirus outbreak, is expected to see daily infections peak next week, authorities said on Monday, as they look to speed up immunisations before easing Continue Reading
Japanese automakers’ China car sales tumbled in August
Japanese automakers Honda Motor (7267.T) , Nissan Motor (7201.T) and Toyota Motor (7203.T) saw their sales in China tumble in August as a chip shortage hit vehicle production in the Continue Reading
China Ties Climate to Better U.S. Relations in Kerry Talks
U.S. climate envoy John Kerry said political tensions with China affect the outlook for climate cooperation, as top Chinese officials pushed Washington to commit to improvements in their broader relationship. Continue Reading
U.S. covid death toll hits 1,500 a day amid delta variant scourge
Brian Pierce, the coroner in Baldwin County, Ala., thought he had seen the last of the coronavirus months ago as the area’s death count held steady at 318 for most Continue Reading
Iran’s New Oil Minister Discusses Oil Developments With China’s CNPC
Iran’s new Oil Minister, Javad Owji, met on Thursday with a top official from the China National Petroleum Corporation (CNPC) in Tehran to discuss cooperation and expansion of bilateral relations. Continue Reading
China Is Hoarding Crude Again, And That’s Great News For Oil Prices
After recording the worst monthly loss this year in August, the oil markets have kicked off trading in September on a much brighter note on a trifecta of positive developments. Continue Reading
China’s Conflicting Climate and Economic Goals Roil Commodities
China’s attempt to curb carbon emissions and conserve electricity while being able to ensure economic growth is wreaking havoc across commodities markets. China’s efforts to thread the needle between an Continue Reading