China’s Efforts To Curb Oil Prices Are Futile
Crude oil imports into China dropped by almost 15 percent annually last month. While substantial, the drop is no reason for worry because it was caused by refinery maintenance season. Continue Reading
China’s Big 5 power producers face uphill battle in meeting peak emissions targets
Top power producers set peak emissions goals by 2025 or earlier No signs of accelerated coal plant closures, ETS has limited impact Coal remains critical to alleviate peak demand power Continue Reading
CHINA DATA: May crude imports drop to five-month low at 9.69 mil b/d
China’s crude imports slumped 14.6% on the year to a five-month low of 9.69 million b/d in May amid destocking activities, showed preliminary data released June 7 by the General Continue Reading
China’s independent refineries rush to buy straight-run fuel oil as crude quotas to fall short
Four refineries take cargoes for Jun/Jul delivery Around 80 mil mt quota available for Jun-Dec Using fuel oil lifts cost by $31/mt China’s independent refineries rushed to shop at least Continue Reading
CHINA DATA: Independent refineries’ crude imports rise by 1.8% on month in May
Feedstock imports for China’s independent refineries rose by 1.8% month on month to 3.71 million b/d, or 15.7 million mt in May, as the refiners stockpiled bitumen blend ahead of Continue Reading
If Covid Did Escape From a Wuhan Lab, Brace Yourself
Did it all start right here? Ever since President Joe Biden ordered U.S. intelligence agencies to investigate reports that the Covid-19 virus might have escaped from a laboratory in Wuhan, Continue Reading
China’s imports grow at fastest pace in decade as materials prices surge
China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by Continue Reading
Covid infections rise by two-thirds in UK
Health teams have been carrying out surge testing in Dewsbury, as well as other towns where the Indian variant is spreading The number of people infected with coronavirus in the Continue Reading
Developed Countries Lock Up Covid-19 Vaccines Through 2023
The European Union, Canada and other developed countries have signed deals to get hundreds of millions of doses of Covid-19 vaccines and boosters over the next two years, furthering a Continue Reading
China warns two-thirds of regions for missing energy targets
China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after two-thirds of them fell short of at least some Continue Reading