Highlights 2022 power demand growth likely lower than 2021: Platts Analytics China to account for more than half of global power demand growth: IEA Non-fossil fuels grow faster than fossil Continue Reading
Japan on Wednesday widened COVID-19 curbs to the capital Tokyo and a dozen regions covering half the population as the Omicron variant of coronavirus drove record new infections. Already in Continue Reading
Germany reported 112,323 new coronavirus cases on Wednesday, a fresh single-day record as the health minister said the peak had not been reached and compulsory vaccination should be introduced by Continue Reading
Bloomberg News China is better prepared to avoid any energy supply crisis even with power demand forecast to continue to grow rapidly, authorities said. A 10% lift in demand last Continue Reading
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply. Gasoline exports in 2021 slid 9.1% from a Continue Reading
Last year, Chinese policymakers shook up the world’s second-largest economy just as its rebound from the pandemic was starting to wear off, unleashing a flurry of measures to address longer-term Continue Reading
China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when its population Continue Reading
The number of people with COVID-19 in French hospitals rose by 888 to 25,775, the health ministry said on Monday, the biggest one-day increase since early November 2020 – before Continue Reading
Forecasts for the second year of strong global growth face two main dangers: the health of China’s economy and the prospect of much higher U.S. interest rates. How the world’s Continue Reading
China’s battle to contain the Omicron coronavirus variant risks choking already stretched global supply chains, manufacturing managers and analysts have warned, threatening production of goods ranging from smartphones to furniture. Continue Reading
Companies are bracing for another round of potentially debilitating supply chain disruptions as China, home to about a third of global manufacturing, imposes sweeping lockdowns in an attempt to keep Continue Reading
Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants. China’s economy slowed Continue Reading
China’s GDP expands 8.1% in 2021, grows 4% in Q4 Crude throughput to rise 454,000 b/d in 2022: Platts Analytics Crude output rises 3% to hit 4 million b/d in Continue Reading
China’s central bank cut its key interest rate for the first time in almost two years to help bolster an economy that’s lost momentum because of a property slump and Continue Reading
China’s home prices fell for a fourth consecutive month in December, as the credit crunch in the property sector showed little sign of easing. New home prices in 70 cities, Continue Reading
China’s recent announcement that it will release oil from its reserves has been largely ignored by oil markets A combination of a weak dollar, lower-than-expected OPEC+ production, supply issues in Continue Reading
China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on Continue Reading
Crude oil imports into China fell by 5.4 percent last year on an annual basis for the first time in two decades, Reuters reported citing statistical data from Beijing. According Continue Reading
The Chinese capital Beijing met state air quality standards for the first time last year, officials said on Tuesday, a milestone lauded by experts, who also warned that pollution remained Continue Reading
In 2021, China managed to stamp out scattered Covid outbreaks while still delivering annual economic growth in the neighborhood of 8%. It helped that, even as the country kept its Continue Reading
The Biden administration on Wednesday criticized China’s decision to cancel a growing number of flights from the United States to China because of passengers who later tested positive for COVID-19 Continue Reading
The northeastern Chinese city of Dalian detected one COVID-19 infection of the highly transmissible Omicron variant of the coronavirus, state television said in a report late on Wednesday. The virus Continue Reading
China detected omicron in a second major port city, deepening concern of a wider outbreak at Beijing’s doorstep and raising the prospect that more foreign businesses might follow Toyota Motor Continue Reading
Over the past two years, China has used some of the strictest measures anywhere to keep Covid-19 out and long succeeded in holding numbers down. But as Omicron poses the Continue Reading
The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent Continue Reading
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years as the nation’s refiners brushed off the risk Continue Reading
Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here . Welcome to 2022 from Beijing. After the explosive growth last year in China’s Continue Reading
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties Continue Reading
A third Chinese city has locked down its residents because of a COVID-19 outbreak, raising the number confined to their homes in China to about 20 million people. It wasn’t Continue Reading
The supply chain snarl that tripled the price of a key raw material for solar panels is about to get fixed, clearing the way for a renewed boom in the Continue Reading
The United States is poised to surpass its record for covid-19 hospitalizations as soon as Tuesday, with no end in sight to skyrocketing case loads, falling staff levels and the struggles of Continue Reading
COVID-19 hospitalizations in the United States reached a record high on Monday, according to a Reuters tally, as a surge in infections caused by the highly contagious Omicron variant strains Continue Reading
A year ago, Chinese health experts had hoped the country could safely reopen to the world by now, as it attained herd immunity against the coronavirus. China achieved last month the Continue Reading
How the Covid Surge Could Impact Beijing Olympics Omicron arrived in a port city that borders Beijing and spread inland before Chinese officials detected it, seeding the highly contagious variant Continue Reading
Cities across Germany braced for major protests against coronavirus restrictions on Monday, and a tough new vaccine requirement came into force in Italy as governments across Europe continued to tighten Continue Reading
A protein-based COVID-19 vaccine made by Sinopharm, when given as a booster after two doses of an earlier shot from the Chinese firm, elicited a stronger antibody response against the Continue Reading
Every two days at the University of Xi’an in China, cleaners dressed in white hazmat suits taped tight to their bodies disinfect the dormitory hallways. Zhang Shengzi, a 24-year-old student, Continue Reading
Every two days at the University of Xi’an in China, cleaners dressed in white hazmat suits taped tight to their bodies disinfect the dormitory hallways. Zhang Shengzi, a 24-year-old student, Continue Reading
Rystad Energy’s head of oil markets, Bjornar Tonhaugen, offers his insight. Real-time transportation data globally suggests there has not been any significant impact on oil demand so far from Omicron. Continue Reading
Oman continues to expand its cooperation with China as it looks to build out its petrochemical sector Oman’s options to raise money through conventional bond offerings remain constrained China already Continue Reading
Authorities in the Chinese city of Xi’an relented in some of their pandemic restrictions after a nationwide outcry over the account of a woman who lost her unborn baby in Continue Reading
The first city out into a recent lockdown was Xi’an on 23 December China has put a second city into total lockdown after just three asymptomatic Covid cases were discovered. Continue Reading
China has considerably reduced the allowances for fuel exports in the first export quota batch for 2022, signaling its intention to limit fuel sales abroad and curb excessive refinery output. Continue Reading
China on Wednesday reported a major drop in local COVID-19 infections in the northern city of Xi’an, which has been under a tight lockdown for the past two weeks that Continue Reading
The crisis engulfing China Evergrande Group EGRNF 6.68% deepened, as the embattled property developer said it had been ordered to tear down dozens of buildings on an extravagant man-made island in southern China. At the same Continue Reading
A week and a half into one of the biggest pandemic lockdowns in China, residents of Xi’an voiced desperation online about challenges in getting food and medical care. China’s Covid-19 count remains Continue Reading
Chinese banks rushed to meet their annual state-imposed lending quotas last month by buying up low-risk financial instruments rather than issuing loans, a surge that bankers and analysts said reflected Continue Reading
On the first day of 2022, outside Xi’an Gaoxin Hospital, in the middle of China’s worst coronavirus outbreak since Wuhan, a woman eight months pregnant miscarried after being refused care until she Continue Reading
Highlights Manufacturing sector continues to recover in H1 2022 Concerns remain on overseas demand in H2 2022 The Chinese manufacturing purchasing managers index continued to rise in December at 50.3 Continue Reading
China could retain its tight border restrictions for the whole of the year as it prepares to host the Winter Olympics and a series of political events in 2022, Goldman Continue Reading
