Energy-Starved China Forced To Accept Australian Coal
China is so desperate for coal amid a power crunch threatening its economic growth that it has released Australian coal that has been sitting in bonded storage not cleared by Continue Reading
China Is Desperate To Secure Latin American Oil And Coal
China’s desperation to secure the resources it needs to fuel its growth has driven it to increase its influence in Latin America Colombia, Ecuador, and Venezuela are all being targeted Continue Reading
U.S. Wants New Trade Talks With China, but Will Keep Tariffs
The Biden administration began defining its China trade policy Monday, saying it aims to launch new talks with Beijing but will keep existing tariffs in place, while also restoring the Continue Reading
Empty Buildings in China’s Provincial Cities Testify to Evergrande Debacle
Rows of residential towers, some 26 stories high, stand unfinished in this provincial city about 350 miles west of Shanghai, their plastic tarps flapping in the wind. Elsewhere in Lu’an, Continue Reading
China Can’t Keep Up With Surging Energy Demand
Following a spat with Australia late last year, Beijing banned coal imports from there. As a result, China is left with far from ideal alternatives Beijing may choose to reduce Continue Reading
China property sector default woes deepen amid Evergrande disquiet
Growing worries about defaults at Chinese property developers sapped investor sentiment on Tuesday, amid fresh credit rating downgrades and uncertainty about the fate of China Evergrande Group as it scrambles Continue Reading
China unloads Australian coal despite import ban amid power shortage
China has started unloading a small number of Australian coal shipments despite an unofficial import ban, analysts said, in a move underscoring the intensity of the power crunch facing the Continue Reading
World Food Costs at Risk of Soaring as China Faces Tough Harvest
China is set for a difficult harvest season as a severe energy crunch hurts the outlook for booming production, a development that risks triggering a renewed surge in world agriculture Continue Reading
China power crunch slams factories; coal lobby warns woes could last until winter
Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing Continue Reading
China’s Manufacturing Weakens, as Power Cuts Threaten More Damage –
China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers Continue Reading
How Asia, Once a Vaccination Laggard, Is Revving Up Inoculations
As the United States and Europe ramped up their Covid-19 vaccination programs, the Asia-Pacific region, once lauded for its pandemic response, struggled to get them off the ground. Now, many of those laggards Continue Reading
China Further Restricts Power Use Amid Widening Energy Crisis
In a widening energy crisis, China is expanding power use restrictions to at least 20 regions and provinces that contribute more than half to the Chinese economy, adding a bearish Continue Reading
New U.S. travel rules close door on those fully vaccinated with Russia’s Sputnik V – The Washington Post
The United States announced last week that it would soon open its doors to foreign travelers vaccinated against the coronavirus, loosening restrictions for broad swaths of global visitors for the first Continue Reading
China’s power crunch dwarfs Evergrande’s troubles in investors’ eyes
China’s power supply crunch , that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK) , Continue Reading
China’s Coal Shortage Means Higher Prices for the World
Asian, European coal prices are trading near an all-time high China, the world’s top coal consumer, is in dire need of more supply and is willing to pay any price Continue Reading
China calls for coal transportation to be strengthened to secure supply
China’s top economic planner said on Wednesday that railway companies and local authorities should strengthen coal transportation in key areas including the northeast region and ensure stable supply for power Continue Reading
Antiviral pill: How close are we to a drug to treat Covid?
With coronavirus vaccines being administered worldwide, scientists are preparing a new weapon against the disease that has claimed more than 4-5m lives: an effective antiviral medication to treat the worst Continue Reading
China calls WTO ruling ‘dangerous’ in solar cell row with U.S.
China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and Continue Reading
China Power Outages Pose New Threat to Supplies of Chips and Other Goods
Government efforts to curb energy consumption and reduce carbon emissions, along with surging coal prices, are leading to power outages across many of China’s manufacturing hubs, threatening to further disrupt Continue Reading
Chinese Cities In The Dark After Widespread, “Unexpected” Blackouts
– Northeast China’s Shenyang, capital of Liaoning Province has been through a sudden and unexpected power curb – Chinese thermal coal futures have more than doubled in price in the Continue Reading
TotalEnergies, China Three Gorges to form electric mobility venture in China
France’s TotalEnergies (TTEF.PA) said on Tuesday it has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China. The venture will develop Continue Reading
China energy crunch triggers alarm, pleas for more coal
As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep Continue Reading
China’s crackdown on intensive energy use ripples across petrochemical sector
Highlights Cracker, PDH plants mull output cuts, hikes amid impact on margins Coal shortage further constrains operations in coal-olefin sector Bigger producers can gain — if they manage energy costs Continue Reading
WHO Seeks to Revive Stalled Inquiry Into Origins of Covid-19 With New Team – WSJ
The World Health Organization is reviving its stalled investigation into the origins of the Covid-19 virus as agency officials warn that time is running out to determine how the pandemic that has Continue Reading
China’s Control Over Key Battery Metals Should Worry The U.S.
The writing is on the wall for the fossil fuels industry. For decades, climate scientists and environmental activists have been urging the world to move away from dirty and finite Continue Reading
Power crunch threatens Chinese economic growth, warn banks
Power shortages across at least 10 Chinese provinces risk weighing on the country’s gross domestic product as factories crucial to the global supply chain were forced to cut production, investment Continue Reading
Power outages hit homes in north-east China
Getty Images image captionIt is unclear how many homes have been affected Residents in north-east China are experiencing unannounced power cuts, as an electricity shortage which initially hit factories spreads Continue Reading
China tells energy firms to raise output to keep homes warm in winter
China’s National Energy Administration (NEA) has told coal and natural gas companies to increase their output to ensure the country has sufficient energy supplies to keep homes warm during winter, Continue Reading
Global vaccines project to revamp rules after Britain got more than Botswana
COVAX assigned early Pfizer shots to vaccination leaders UK, UAE Dose-sharing methodology doesn’t check states’ vaccine coverage Vaccine alliance Gavi is proposing changes – internal document UK was among few Continue Reading
Chinese coal firms meet to address winter supply challenges
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, an industry association said. The China Coal Transportation and Continue Reading
The Evergrande Crisis Could Cause Chaos In Commodity Markets
China’s move to clean up its heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday Continue Reading
China’s Power Cuts Widen Amid Shortages and Climate Push
Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations. The curbs have expanded to more than Continue Reading
China scrambles to fix power crunch, tame runaway raw material markets
Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing’s top economic planner, the National Development and Reform Continue Reading
Analysis: China steps up natural gas supply for 2021-22 winter-spring season
Highlights Pipeline imports at record high, Russian imports to rise LNG importers seek safety via strip tenders Focus on gas supply security during Winter Olympics China, the world’s largest natural Continue Reading
China Makes Preparations for Evergrande’s Demise
Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group, EGRNF -11.25% according to officials familiar with the discussions, signaling a reluctance to bail out the debt-saddled property developer while Continue Reading
World’s Largest Oil Trader Teams Up With Buffett-Backed EV Maker
The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, Continue Reading
5 Energy Stocks At Biggest Risk From The Evergrande Implosion
Default fears have continued to stalk the China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm. The Evergrande Group, one of China’s biggest real-estate Continue Reading
Chinese Utility Companies Face Bankruptcy As Coal Prices Skyrocket
China’s energy industry is caught between a rock and a hard place. As the world’s second-largest economy has surged back to life in the wake of the novel coronavirus pandemic, Continue Reading
China’s overseas coal power retreat could wipe out $50 bln of investment
China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is Continue Reading
State refiners, private chemical giants to bid in China reserve auction – sources
Top state refiners Sinopec Corp, PetroChina and leading private chemical giants like Hengli Petrochemical (600346.SS) and Zhejiang Petrochemical Corp are set to join the country’s first state oil reserve auction Continue Reading
China’s Xi Commits to Stop Building Coal Plants Abroad
Chinese President Xi Jinping on Tuesday said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country’s huge engineering industry away from adding to Continue Reading
Soaring Energy Prices Become Major Headache For China
Europe is being ravaged by an unprecedented energy crisis, and it may already be spreading. Asia, the world’s biggest buyer of gas and coal, may be next, with China particularly Continue Reading
China’s Gas Consumption Growth Potential “Stunning”
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to TASS . Gazprom’s CEO Alexey Miller Continue Reading
China Back To Stockpiling Crude As Refinery Runs Hit 15-Month Low
China is estimated to have sent around 760,000 barrels per day (bpd) of crude oil to its strategic and commercial reserves in August, as refinery throughput in the world’s top Continue Reading
China’s oil consumption seen peaking around 2026, Sinopec exec says
Trucks carrying liquefied natural gas (LNG) are seen at Sinopec’s LNG terminal in Tianjin, China October 22, 2018. Picture taken October 22, 2018.REUTERS/Stringer SINGAPORE, Sept 17 (Reuters) – China’s oil Continue Reading
Analysis: Investors brace for a great fall in China
International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come Continue Reading
China tests oil clout, battles inflation with first oil reserve auction
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading
China’s Property Curbs Send Economic Tremors
Beijing’s pressure on the real-estate sector is being felt far beyond China Evergrande Group, raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another Continue Reading
China to strike harder against regions that fail to curb energy use
China will toughen punishments for regions that fail to meet targets aimed at controlling energy use, the state planning agency said in new policy guidelines published on Thursday. China has Continue Reading
China tests oil clout, battles inflation with first oil reserve auction
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading