China’s manufacturing steel demand rebounded in August and is expected to improve further in September and October on higher seasonal manufacturing activity, but market sources told S&P Global Commodity Insights Continue Reading
China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years, according to annual reserves data from the Ministry of Natural Resources cited by Continue Reading
China’s imports of crude oil and coal imports from Russia exploded in August, data showed on Tuesday, but despite the jump in supply, Russia handed back its top oil supplier Continue Reading
One of the features of the crude oil market this year has been China’s weak imports and faltering exports of refined fuels. But despite the decline in oil imports, China Continue Reading
PBOC sets stronger-than-expected fixings for 21 straight days Move follows Federal Reserve’s third 75 basis point rate hike Bloomberg News China’s yuan is set for its longest losing streak since Continue Reading
Chinese refiners have plans to increase processing rates by 10 percent next month as they see demand increasing, especially from abroad. Refiners are hoping the government will issue another fuel Continue Reading
Despite lower crude oil refining and imports overall, China has increased its crude oil imports from Russia. Despite lower crude oil refining and imports overall, China has increased its crude Continue Reading
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassing inventories at power plants. Raising domestic coal output Continue Reading
China’s spending on Russian energy products hit a record $8.3 billion last month, as the world’s top importer continues to expand its reliance on Moscow for overseas supplies of crude, Continue Reading
There’s still room for progress on climate talks with China despite its suspension of global warming discussions with the US, John Kerry said on Tuesday. Kerry, the US special presidential Continue Reading
Aug daily coal output at 11.95 mln T vs 12.02 mln in July Average coal mining run rates in Aug at lowest since Feb – CCTD Coal power generation falls Continue Reading
The meeting between Russian President Putin and Chinese President Xi Jinping was a necessary check-up of relations between the two countries. Putin made four comments that together perfectly encapsulate what Continue Reading
China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Continue Reading
China has signed a deal to construct a railroad through Krygyzstan and Uzbekistan that would bypass sanctions-hit Russia. Kyrgyzstan, Uzbekistan and China signed the agreement on the sidelines of the Continue Reading
China exported a whopping 97.4% more gasoline in August 2022 than it did the year before. This huge increase was largely due to a new batch of fuel export quotas Continue Reading
China’s August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, as refiners took advantage of fresh export quotas amid faltering domestic demand. Gasoline shipments were Continue Reading
RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… Chinese President Xi Jingping met Continue Reading
China’s Policymakers Are Facing a Few Constrains: S&P Says Bloomberg News Six months after China’s government set ambitious economic targets for the year, growth has slowed so sharply that several Continue Reading
China’s biggest banks lowered their benchmark deposit rates across the board for the first time since 2015, a move designed to help them boost lending to shore up growth in Continue Reading
Shanghai gradually started returning to normal on Thursday after Typhoon Muifa brought strong winds and heavy rain to the financial and shipping hub overnight. The region’s ports began to reopen, Continue Reading
Ongoing coronavirus lockdowns impacting Chinese demand China also diversifying crude imports from other suppliers Further expanding energy cooperation is set to be high up the agenda when Russian President Vladimir Continue Reading
China faces its biggest annual drop in oil demand in more than three decades as Covid-19 lockdowns and a property crisis weigh on growth in the world’s No. 2 consumer, Continue Reading
Residents of a city in China’s far west Xinjiang region say they are experiencing hunger, forced quarantines and dwindling supplies of medicine and daily necessities after more than 40 days Continue Reading
Residents of China’s west, frustrated by monthslong Covid-19 restrictions that failed to extinguish outbreaks, are increasingly taking to social media to air their grievances, marking a potentially embarrassing backdrop for Continue Reading
Russia and China are making moves to dethrone the U.S. dollar in global oil markets. Russian and Chinese hydrocarbon giants, Gazprom and China National Petroleum Corporation, have agreed to switched Continue Reading
Metal prices powered to new highs in Spring on fears that rapidly rising energy costs would restrain supply. Bad news in China, however, has squashed those concerns. China’s zero-Covid policy Continue Reading
China’s southwestern province of Yunnan has ordered producers of electrolytic aluminium to reduce their power usage this week, the companies told Reuters on Tuesday. Yunnan’s decision is another sign that Continue Reading
The latest US effort to reduce reliance on China is striking hard at the Asian nation’s biotech stocks, as investors price in more indications of decoupling between the world’s two Continue Reading
A northeastern province that was once one of China’s major coal and industrial hubs has launched a 600 billion yuan ($87 billion) plan to expand clean energy production. Liaoning province Continue Reading
Draconian Covid-related lockdowns have a direct and significant effect on China’s economic growth. The extended Covid-19 lockdown in Chengdu last week has led to a sharp selloff in crude oil Continue Reading
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. Continue Reading
This year, China’s annual oil demand may fall for the first time since 2002, largely driven by the country’s Covid policies. Minimal travel is expected during local holidays this September Continue Reading
Russian President Vladimir Putin confirmed Wednesday while addressing the Eastern Economic Forum (EEF) in Vladivostok that he will soon meet with Chinese President Xi Jinping, which will mark a significant Continue Reading
China fuel demand could drop 380,000 bpd in 2022 -Energy Aspects Crude imports down 4.7% for Jan-Aug, 1st period drop since at least 2004 Road congestion down 50% in COVID-locked Continue Reading
Tens of millions of Chinese confined at home, schools closed, businesses in limbo and whole cities at a standstill. Once again, China is locking down enormous parts of society, trying Continue Reading
Tesla (TSLA.O) sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant. The U.S. Continue Reading
China’s imports of major commodities were mixed in August, with ongoing weakness in crude oil and natural gas but strength in coal and copper. However, where recovery was evident, probably Continue Reading
Debt sales in dollars are running at their lowest in 11 years Bloomberg News China has surged ahead of the US for corporate bond deals in its yuan credit market Continue Reading
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS BEIJING, Sept Continue Reading
The export boom that has powered China’s economy through the pandemic decelerated in August, reflecting the impact from rising inflation and slowing growth elsewhere in the world. The larger-than-expected slowdown Continue Reading
China’s crude oil imports in August were 1.1 million bpd lower than the year-ago period and its exports were lower than expected, the latest data suggests. China imported 9.35 million Continue Reading
State energy giants Gazprom (GAZP.MM) and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural Continue Reading
China purchases three Sakhalin LNG cargoes in August Robust power consumption boosts gas demand Drought in Sichuan spurs gas-fired power plant load China’s LNG imports from Russia reached a 22-month Continue Reading
Authorities in southwestern China’s Chengdu have maintained strict COVID-19 lockdown measures on the city’s population of 21 million despite a major earthquake that killed at least 65 people in outlying Continue Reading
WATCH: Kerry says he is “hopeful” that Beijing will recognize the benefit of the world’s 2 largest emitters talking and return to the table for the suspended climate talks with Continue Reading
China imported more Russian gas in 2022 as imports from other sources declined. Russia surpassed Indonesia and the United States to become China’s fourth-largest supplier of LNG so far this Continue Reading
China’s carbon emissions fell almost 8 percent in the April-to-June quarter compared with the same period last year, the sharpest decline in the past decade, according to climate research service Continue Reading
Platts Analytics cuts Sep demand projection by 200,000 b/d May further lower estimates: analysts Eased controls possible after the congress, but zero COVID-19 to remain A spate of new COVID-19 Continue Reading
No Single White Knight for China Property Market Bloomberg News Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s Continue Reading
Country Garden reported 96% profit slump, worst since listing China Vanke saw net income climb 11% as it defied the slowdown Bloomberg News China’s two biggest property developers saw contrasting Continue Reading
