Russia releases worst pandemic death numbers to date
Russia’s daily COVID-19 deaths hit a new record of 819 on Saturday, a day after Moscow’s health department reported the highest number of monthly deaths in the city since the Continue Reading
Shippers await clarity on impact of shutdown at China’s Ningbo
Highlights Carriers omit sailings at the terminal, warn of delays Shippers fear booking cancellations Lockdowns, delays in Vietnam may exacerbate problems The shutdown of the Meidong terminal at China’s Ningbo Continue Reading
China’s Port Shutdown Raises Fears of Closures Worldwide
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last Continue Reading
China’s Producer Prices Jump Despite Efforts to Cool Commodities Costs
China’s factory-gate prices rose at an unexpectedly fast clip in July, matching the highest level in more than 12 years as crude oil and coal prices soared—though economists say the Continue Reading
China’s Port Shutdown Raises Fears of Closures Worldwide
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last Continue Reading
China puts growth ahead of climate with surge in coal-powered steel mills
China’s expansion of coal-powered steel mills accelerated sharply in the first half of 2021, exposing the government’s reluctance to sacrifice industry-fuelled growth to achieve its climate goals. Analysis of Chinese Continue Reading
China’s July oil product exports fall on quota shortages
China’s oil product exports fell 28% month on month to 4.64 million mt in July — a five-month low — as oil companies cut exports due to quota shortages. China Continue Reading
Chinese Oil Demand To Crash By 1 Million Bpd On Covid Surge
China’s oil demand is expected to be 1 million barrels per day (bpd) lower in the next two months than previously expected due to the rising number of COVID cases Continue Reading
China is Redrawing the World’s Energy Map
China’s outsize energy needs and its reliance on overseas suppliers have underpinned its foreign policy for decades. Now those needs are changing. The planet’s largest oil and coal importer wants to become Continue Reading
Can Anything Replace China As Demand Driver For Oil?
That the oil-producing world is highly reliant on China’s appetite is a fact we are reminded of from time to time. Last year, Chinese buyers dragged oil prices out of Continue Reading