China’s independent refiners are set to cut production in coming weeks as a Ukraine-driven surge in oil prices squeezes margins, with a jump over $130 a barrel unnerving producers, trading Continue Reading
As the government in Hong Kong struggles to contain the city’s worst Covid outbreak ever, some residents have panicked. They have emptied supermarket shelves of vegetables and meat. They have Continue Reading
The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks Continue Reading
China appears to have been unsettled by the difficulties Russia has faced since its invasion of Ukraine, but Chinese leader Xi Jinping’s determination with regard to Taiwan should not be Continue Reading
A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy Continue Reading
Europe’s wartime plan for a faster transition to clean energy as it seeks to replace Russian fossil fuels will provide a boost to the order books of China renewable manufacturers. Continue Reading
US intelligence chiefs on Tuesday said they were monitoring how China was interpreting the war in Ukraine and said the swift western reaction would probably influence Beijing’s calculus over its Continue Reading
There are no funeral ceremonies for some of the hundreds of elderly Hong Kong residents dying every day of covid. Their bodies are instead sealed in plastic bags and then Continue Reading
The feedstock imports for China’s independent refineries fell by 19.6% on the month to a four-month low of 13.17 million mt in February, latest data compiled by S&P Global Commodity Continue Reading
Chinese companies that defy U.S. restrictions against exporting to Russia may be cut off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo Continue Reading
China’s imports of major commodities appeared largely steady to even somewhat soft in the first two months of the year. But the bland figures mask some dynamic shifts, which are Continue Reading
A BYD showroom in Beijing. China’s passenger vehicle sales rose 4.7% in February from a year earlier to 1.27 million units, helped by particularly strong growth from new-energy vehicles. Deliveries Continue Reading
China’s sovereign bonds slid from the top of global performance rankings to near the bottom in recent weeks, undermining their status as an alternative haven just as global markets were Continue Reading
The soybean outright price for CFR China first-month assessment has reached new highs, at $757.93/mt as assessed by S&P Global Platts March 8, up by 3% week on week, and Continue Reading
A growing number of independent refineries in China’s Shandong province are resorting to throughput cuts as crude oil’s steep surge above $100/b is starting to take a toll on refining Continue Reading
China declined to set a new hard target for energy use and will focus on securing fuel supplies as the world’s biggest oil, gas and coal importer navigates unprecedented tumult Continue Reading
Bloomberg News Anyone hoping the world’s biggest carbon emitter would use its annual parliamentary session to speed up action on climate change was left sorely disappointed this weekend. Instead, China Continue Reading
China’s crude imports in January-February fell 4.9% year on year to 10.58 million b/d, or 85.14 million mt, data from the General Administration of Customs showed, as throughput was capped Continue Reading
Exports seen low in March before rebounding strongly in April-May Finished steel imports fall 7.9% on year over January-February China’s finished steel exports over January-February fell 18.8% year on year Continue Reading
Russian steelmaker stops supplies to EU Impact of sanctions on Russia-China trade seen limited Russia’s metals industry is expected to lean on China as an export market following sanctions for Continue Reading
China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state Continue Reading
China’s goal to achieve around 5.5% economic growth this year is a challenging one, and will push the government to boost infrastructure investment, stimulate property demand and provide more monetary Continue Reading
Satellite-detected methane leaks from human activities in 2021. China’s coal operations spewed so much methane last year that it had the same global warming impact as all the carbon dioxide Continue Reading
On paper, China’s banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share Continue Reading
China set an economic growth target for the year of around 5.5%, the lowest level in more than a quarter-century of economic planning, reflecting heightened domestic and global uncertainties in Continue Reading
In the months leading up to Xi Jinping making common cause with Russian President Vladimir Putin, the Chinese leader was focused on one country, and it wasn’t Ukraine. His ambitions for Continue Reading
China is looking for ways to reduce the “social costs” of its strict Covid Zero strategy, an official said on Thursday, in a sign that Beijing is looking to adjust Continue Reading
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While a large coalition of countries has come together to condemn Russia’s invasion of Ukraine, China has refused to take sides in the conflict. China’s failure to condemn Russia and Continue Reading
Oil products price rise in Singapore outpaces China Current March gasoline outflows set at 520,000 mt March gasoil export target at 500,000 mt Chinese oil companies are likely to lift Continue Reading
Officials order agencies to ensure energy, commodity supplies State-owned buyers to scour markets for oil, gas, iron ore Bloomberg News China’s top government officials have issued orders to prioritize energy Continue Reading
It has just got a lot more expensive for Russia to deal with its biggest trade partner China. The yuan hit a record high against the ruble this week — Continue Reading
China signalled it was ready to play a role in finding a ceasefire in Ukraine as it “deplored” the outbreak of conflict in its strongest comments yet on the war. Beijing Continue Reading
Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sanctions themselves after selected Russian Continue Reading
China’s independent refineries have turned cautious of procuring Russian crudes following the escalation of the Russia-Ukraine military conflict , while difficulties faced in the issuance of letters of credit dampen Continue Reading
Traders expect Iran to do away with discounts Iranian crude around $8/b cheaper than other similar grades Iran could supply 1.75 mil b/d by August: S&P Global Iran’s state-owned National Continue Reading
China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. Continue Reading
Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Some state-own firms Continue Reading
Russia’s invasion of Ukraine has seen some of the harshest sanctions ever imposed on a nation and disrupted trade flows of energy and other commodities, even though such goods have Continue Reading
Hong Kong residents braced for a city-wide lockdown, emptying supermarkets and pharmacies, even as leader Carrie Lam called for calm on Tuesday and appealed for the public not to worry Continue Reading
China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data from the Continue Reading
The U.S. wants to pry China away from its tight partnership with Russia. One step, U.S. officials said, is making Beijing feel pain over Russia’s invasion of Ukraine. Washington is looking to Continue Reading
Despite rallying oil prices this year, China has been stocking up on crude oil, ignoring U.S. calls for a global coordinated release from strategic reserves, Reuters reported on Friday, citing Continue Reading
The rally in energy commodities following Russia’s invasion of Ukraine could derail Chinese plans for using the guiding of the price of coal, which is still a major source of Continue Reading
Russian energy flows not yet under US sanctions despite invasion China’s 2022 crude import growth seen at 536,000 b/d: Platts Analytics China may look for spot market bargains if other Continue Reading
Solar panels in the Gobi desert, in Dunhuang, Gansu province, China. Bloomberg News China aims to greatly expand its wind and solar power capacity over the next several years through Continue Reading
Why Russia’s Invasion Is Causing Anxiety in Beijing Bloomberg News At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Continue Reading
Hong Kong rolls out a vaccine passport on Thursday that requires people aged 12 and above to have at least one COVID-19 vaccination and also tightened restrictions in a city Continue Reading
China’s foreign ministry said on Thursday that all countries should work together to jointly protect global energy security. Ministry spokesperson Hua Chunying was responding to a question at a regular Continue Reading
China is ready to throw Russia an economic lifeline as Vladimir Putin’s ties with the west deteriorate and Moscow is hit by snowballing sanctions over the crisis in Ukraine. Putin Continue Reading
