Deadly Typhoon Threatens Strategic Chinese Oil Hub
The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some of Continue Reading
China Could See Slowest Oil Import Growth In Two Decades
High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001, Continue Reading
FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks
State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013, a Joint Cybersecurity Advisory, coauthored by the Cybersecurity and Infrastructure Continue Reading
Many migrant workers stranded in Chinese cities hit by floods
For many migrant workers caught up in severe flooding in the central Chinese city of Zhengzhou, crossing town to stay with relatives in less affected areas or returning to their Continue Reading
Russia reports 23,947 new COVID cases – authorities
Russia on Saturday reported 23,947 new coronavirus cases and a repeat all-time high in the number of deaths related to the virus, at 799. Russia has been in the grip Continue Reading
Biden’s China Policy Borrows From Trump and Adds Allies to Raise Pressure
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading
China Taps Into Crude Reserves To Curb Oil Price Rally
The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to curb Continue Reading
China aims to install over 30 GW of new energy storage by 2025
China aims to install more than 30 gigawatts (GW) of new energy storage capacity by 2025, its state planner said on Friday, as part of efforts to boost renewable power Continue Reading
Study: Chinese COVID shot may offer elderly poor protection
BUDAPEST, Hungary (AP) — A new study suggests that a Sinopharm vaccine offers poor protection from COVID-19 among the elderly, raising questions for dozens of countries that have given the Continue Reading
China Flood Death Toll Rises Along With Questions Over Infrastructure
The death toll from severe floods in central China rose to at least 33 people, local authorities said, as they grappled with the fallout from record rainstorms and faced questions over their Continue Reading
Low margins constrain China’s coal and gas fired plants amid peak summer demand
China’s power production hit all-time high in mid-July Thermal coal prices at all-time high on tight demand-supply Deep losses cap operating rates of gas-fired power plants China’s coal-fired and gas-fired Continue Reading
China to cut oil product exports to 1.07 mil mt in Aug amid tight quotas
Highlights To export 300,000 mt gasoil, 600,000 mt jet fuel 2-year high gasoline crack encourages export increase China’s oil companies plan to further slash their exports of key oil products Continue Reading
EXCLUSIVE China’s CCPC takes centre stage in Iran, Venezuela oil trade-sources
A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago Continue Reading
Warning signs for global recovery as Delta dims outlook
A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible Continue Reading
Chinese City Hit by Deadly Floods Suffered Heatwaves Days Before
Just days before devastating floods hit the central Chinese city of Zhengzhou, its province of Henan endured heatwaves that swept across several industrial regions, threatening power outages. Now the city Continue Reading
China Ramps Up Coal Production To Meet Growing Energy Demand
While the rest of the world is trying to come to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying of charges Continue Reading
China Offers Oil Reserves in Unprecedented Move to Cool Rally
China offered millions of barrels of oil from its strategic state reserves this month in an unprecedented move to try and quell inflation brought on by rising costs of everything Continue Reading
China rejects WHO plan for study of COVID-19 origin
A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus disease (COVID-19) outbreak, in Geneva, Switzerland, April Continue Reading
China floods: Thousands evacuated as rail stations and roads submerged
Roads and subway stations are submerged across China’s Henan province Torrential rain has caused severe flooding in parts of central China, leaving train stations and roads submerged. More than 10,000 Continue Reading
China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports
Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19 percent last month amid Continue Reading
China Faces Outages Amid Soaring Power Demand
Areas in China have started to warn residents and businesses that peak summer demand amid a heatwave could lead to outages as electricity grids buckle under peak-load surges, Bloomberg reports Continue Reading
At least 16 dead as China province deluged by heaviest rains in 1,000 years
12 die in Zhengzhou subway flood; 4 deaths reported in Gongyi Henan hit by heavy rains since weekend; more rain forecast Provincial capital Zhengzhou, dozen other cities flooded ‘Flood prevention Continue Reading
China must cut emissions to avoid climate ‘chaos’, warns US envoy Kerry
China must cut emissions sooner if the planet is to avoid climate “chaos”, US climate envoy John Kerry has warned, telling the Financial Times that he was keen to speak Continue Reading
Delta variant behind more than 80% of U.S. cases; vaccines still highly effective -Fauci
The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations Continue Reading
Push to get wary Russians vaccinated leaves some COVID clinics short
Alexander tried three times over 10 days to get his first dose of Russia’s Sputnik V coronavirus vaccine in his home town of Vladimir. Twice, supplies ran out as he Continue Reading
China’s Changing Policies Could Create A Huge Oil Demand Deficit
Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the world’s largest Continue Reading
China Is Carrying Out the World’s Largest Climate Migration Program
Few other governments are able to enforce such mass relocations as climate change is stressing communities with drought, extreme weather, higher temperatures, and desertification. Bloomberg News Children play near the Continue Reading
Vaccine inequity: Inside the cutthroat race to secure doses
No one disputes that the world is unfair. But no one expected a vaccine gap between the global rich and poor that was this bad, this far into the pandemic. Continue Reading
Asia Fears Summer of Virus as Stocks Sell Off on Delta Concern
The spread of the highly-contagious Delta variant continued to weigh on risk assets Monday with Asian markets in the crosshairs as the region struggles with worsening outbreaks amid a slow Continue Reading
Cases Up in 49 States, Infecting the Unvaccinated: Virus Update
“The only pandemic we have is among the unvaccinated,” President Joe Biden said, with cases swelling in 49 U.S. states and hospitalizations on the rise. He said that social media Continue Reading
Delta COVID variant now dominant strain worldwide, U.S. deaths surge -officials
The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said on Continue Reading
China To Tap Coal Reserves As Prices Soar
China is set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this Continue Reading
Australian leaders under pressure to contain COVID-19 outbreak
SYDNEY, July 16 (Reuters) – Australian Prime Minister Scott Morrison and state premiers were under increasing public pressure on Friday to get on top of a fast-growing Delta variant COVID-19 Continue Reading
After a Steep Plunge in Virus Cases, Every State Is Seeing an Uptick
The number of new coronavirus cases is increasing in every state, setting off a growing sense of concern from health officials who are warning that the pandemic in the United Continue Reading
Oil Refiners in China Log Another Record in Challenge to U.S.
Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass the U.S. to become the world’s biggest refining nation this Continue Reading
China’s More Balanced Recovery Gives Support to Global Rebound
WATCH: Helen Qiao of BofA Global Research discusses what the GDP figures say about the state of the world’s second-largest economy. Sign up for the New Economy Daily newsletter, follow Continue Reading
China’s Economic Growth Slows in the Second Quarter
China’s economic rebound slowed in the second quarter but continued to show unusual resilience more than a year after the country largely got control of the coronavirus within its borders. Continue Reading
China warns of economic uncertainty despite moderate recovery in Q2
The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy had stoked expectations of greater policy support. On a Continue Reading
U.S. Senate passes bill to ban all products from China’s Xinjiang
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say Continue Reading
EU, China Unveil Sweeping Plans to Cut Greenhouse-Gas Emissions – WSJ
The European Union and China presented sweeping plans to limit greenhouse-gas emissions that will increase costs for industry and consumers, though they drew criticism from environmentalists as not going far Continue Reading
China Oil Imports Fall To Lowest In 2021
China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters Continue Reading
China plans July launch of national emissions trade scheme
A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray Preparation work “basically complete”, vice-minister says Scheme to cover Continue Reading
China’s Extreme Weather Warnings Avoid Talk of Climate Change
As unprecedented heatwaves sweep across large parts of the Northern Hemisphere, China is telling its people to brace for another summer of dangerous floods and droughts. China’s National Climate Center Continue Reading
China to Launch the World’s Largest Emissions-Trading Program – WSJ
China will launch a national emissions-trading program on Friday, according to people familiar with the matter, creating the world’s largest carbon market and doubling the share of global emissions covered Continue Reading
Shell signs five-year contract to supply PetroChina with carbon neutral LNG
Oil major Shell (RDSa.L) has signed a five-year contract with PetroChina (601857.SS) to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday. Many companies, Continue Reading
Australia’s COVID-19 Delta outbreak worsens despite Sydney lockdown
The prospect of an extended lockdown in Sydney loomed on Monday as Australian health officials reported yet another record daily rise in COVID-19 cases for the year, fuelled by the Continue Reading
China’s Slowing V-Shaped Economic Recovery Sends Global Warning
China’s V-shaped economic rebound from the Covid-19 pandemic is slowing, sending a warning to the rest of world about how durable their own recoveries will prove to be. The changing Continue Reading
Spread of Delta variant casts shadow over Europe’s economic rebound
The rapid spread of the Delta coronavirus variant is causing economists to worry that Europe’s brightening economic outlook risks being undermined by rising infection levels and the reintroduction of travel Continue Reading
Lockdowns in Asia as some nations see 1st major virus surges
Several countries around Asia and the Pacific that are experiencing their first major surges of the coronavirus rushed to impose tough restrictions, a year and a half into a pandemic Continue Reading
South Korea increase social distancing measures as covid infections hit record
South Korea is increasing social distancing curbs in its capital to the highest level after a steep rise in coronavirus infections amid a slow vaccine rollout. The country reported 1,316 new coronavirus Continue Reading