China’s power shortages hit growth in the world’s second biggest economy, threatening more pain for global supply chains, while Europe’s gas squeeze looked set to continue as Russia’s Gazprom showed Continue Reading
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply. Thermal coal for January delivery, the Continue Reading
Factory owners in China and their customers worldwide have been told to prepare for power supply disruptions becoming part of life as President Xi Jinping doggedly weans the world’s second-biggest Continue Reading
China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and Continue Reading
China’s power woes look set to intensify as coal prices rose to a record on Monday following data showing supply of the fuel fell in September adding to concerns that Continue Reading
China daily crude oil processing rate fell again in September, to the lowest since May 2020, as feedstock shortage and environmental inspection crippled operations at refineries and a power crunch Continue Reading
WATCH: Helen Qiao of BofA Global Research discusses what the latest figures say about the state of China’s economy. China’s housing slump and electricity shortages dragged down economic growth last Continue Reading
China’s economy slowed rapidly in the third quarter under the stress of a property slump and electricity shortages. Beyond the headline numbers though, the dataset had a few other interesting Continue Reading
Gross domestic product grew 4-9 per cent year-on-year between July and September, according to data released by the National Bureau of Statistics on Monday, compared with 7-9 percent in the three Continue Reading
Steel mills have faced power cuts. Computer chip shortages have slowed car production. Troubled property companies have purchased less construction material. Floods have disrupted business in north-central China. It has all taken a Continue Reading
It was the summer when the rains wouldn’t stop. The lights went out. And a housing boom came to a shuddering halt. China’s economy still grew 4.9 percent in the Continue Reading
Chinese firms in talks with U.S. LNG suppliers – sources Coal prices hit record high in in China amid shortages Poland, Germany take steps to support consumers Oil prices hit Continue Reading
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
Beijing’s crackdown on the private refining industry was one reason behind this import decline as the government tackled excessive fuel supply As it tackles teapots, however, Beijing is having trouble Continue Reading
Oil prices continued to climb on Friday despite worrying import data from China, with traders choosing to focus on increasing oil demand elsewhere. Friday, October 15th, 2021 The ongoing rally Continue Reading
Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. China and other Asian buyers Continue Reading
Outflows of oil products such as diesel and gasoline are expected to slip this month. China, Asia’s biggest oil refiner by capacity, is set to slash fuel exports as it Continue Reading
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
China’s energy crisis deepened on Friday as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to Continue Reading
China’s coal futures have closed every trading day this week at a record amid power shortages and blackouts across the country © Bloomberg Chinese coal futures are on track for Continue Reading
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel to ease an energy crunch Continue Reading
Chinese President Xi Jinping appears to be sailing into an economic storm of his own making, as one of China’s largest developers teeters on the edge of bankruptcy and manufacturers Continue Reading
Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country’s power market as shortfalls in power generation have sparked an energy Continue Reading
Crude oil imports into China fell by 6.8 percent over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Natural gas Continue Reading
Lowy Institute’s McGregor on U.S.-China Relations China said it set up a group with the U.S. to discuss disputes, ahead of a video summit between President Joe Biden and his Continue Reading
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel to ease an energy crunch Continue Reading
Factory gate prices in China rose at their fastest pace in more than a quarter of a century as record coal prices intensified inflationary pressures on businesses and manufacturers. The Continue Reading
China has taken a step back from emission reduction commitments amid the energy crunch that caused factory closures and power rationing. In a statement, Premier Li Keqiang said that the Continue Reading
January Zhengzhou thermal coal futures hit a record high Price surge comes a day after govt liberalized power market Coal imports at highest for the year in Sept Data shows Continue Reading
China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and as tightened import quotas continued Continue Reading
Bloomberg News China’s economic slowdown is putting the spotlight back on fiscal stimulus — but Beijing isn’t opening the spending taps just yet. While the U.S. government is pushing to Continue Reading
In a world where central bank stimulus has wiped out most of the distress from global bond markets, the troubles of China’s property companies are standing out. Of the $139 Continue Reading
China’s crude oil imports fell 4.7% on the month to 10.03 million b/d in September, latest data from the General Administration of Customs, or GAC, showed Oct. 13. The reduction Continue Reading
Home sales in China are seizing up as curbs on lending and worries about developers’ financial health deter house buyers, casting a pall over an industry that is central to the Chinese Continue Reading
China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalize pricing for electricity generated from coal and that industrial and commercial users will Continue Reading
China’s power shortages will likely force some European companies operating there to delay orders and some firms are unhappy about how authorities notify them about power cuts, a European business Continue Reading
China’s largest coal-producing region was hit by severe flooding, threatening the country’s already strained power supply and displacing more than 120,000 people as residents called for help from other regions. Continue Reading
China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalize pricing for electricity generated from coal and that industrial and commercial users will Continue Reading
China Evergrande Group, the embattled property developer, is the first high-profile real-estate company to run into serious trouble in Beijing’s campaign to tame a roaring property market. It might not be the last. Continue Reading
The largest provincial economy in China’s northeast rustbelt warned of worsening power shortages on Monday, despite government efforts to boost coal supply and manage electricity use in a post-pandemic energy Continue Reading
China’s energy crisis is likely to mean higher electricity prices, forcing the nation’s army of metals smelters to reduce output and threatening the industrial activity that has underpinned the nation’s Continue Reading
Days before phase one of the United Nations Biodiversity Conference in the southwest Chinese city of Kunming, the meetings look constrained in ambition and stalled in progress. After an 17-month Continue Reading
Chinese coal futures rose to record levels as floods shut dozens of mines and displaced more than 100,000 people, throttling the country’s main source of fuel for electricity and compounding Continue Reading
WASHINGTON, Oct 8 (Reuters) – China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a Continue Reading
China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the Continue Reading
The hit from China’s energy crunch is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp. to Australian sheep farmers and makers of cardboard boxes. The extreme Continue Reading
On the northern edge of a vast Chinese factory city, welding torches gleam as workers finish construction on a gas-fired power plant to replace one that burned coal and blanketed Continue Reading
Chinese officials have ordered more than 70 mines in Inner Mongolia to ramp up coal production by nearly 100 million tonnes as the country battles its worst power crunch and Continue Reading
BEIJING, Oct 8 (Reuters) – China’s top coal producing province of Shanxi told 98 mines to raise coal output capacity by 55.3 million tonnes annually, according to a document confirmed Continue Reading
China has ordered coal miners to boost production as President Xi Jinping races to combat an energy crisis now threatening to slow the world’s secondbiggest economy and force his administration Continue Reading
