China’s Efforts To Curb Oil Prices Are Futile
Crude oil imports into China dropped by almost 15 percent annually last month. While substantial, the drop is no reason for worry because it was caused by refinery maintenance season. Continue Reading
China’s Big 5 power producers face uphill battle in meeting peak emissions targets
Top power producers set peak emissions goals by 2025 or earlier No signs of accelerated coal plant closures, ETS has limited impact Coal remains critical to alleviate peak demand power Continue Reading
CHINA DATA: May crude imports drop to five-month low at 9.69 mil b/d
China’s crude imports slumped 14.6% on the year to a five-month low of 9.69 million b/d in May amid destocking activities, showed preliminary data released June 7 by the General Continue Reading
China’s independent refineries rush to buy straight-run fuel oil as crude quotas to fall short
Four refineries take cargoes for Jun/Jul delivery Around 80 mil mt quota available for Jun-Dec Using fuel oil lifts cost by $31/mt China’s independent refineries rushed to shop at least Continue Reading
CHINA DATA: Independent refineries’ crude imports rise by 1.8% on month in May
Feedstock imports for China’s independent refineries rose by 1.8% month on month to 3.71 million b/d, or 15.7 million mt in May, as the refiners stockpiled bitumen blend ahead of Continue Reading
If Covid Did Escape From a Wuhan Lab, Brace Yourself
Did it all start right here? Ever since President Joe Biden ordered U.S. intelligence agencies to investigate reports that the Covid-19 virus might have escaped from a laboratory in Wuhan, Continue Reading
China’s imports grow at fastest pace in decade as materials prices surge
China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by Continue Reading
Covid infections rise by two-thirds in UK
Health teams have been carrying out surge testing in Dewsbury, as well as other towns where the Indian variant is spreading The number of people infected with coronavirus in the Continue Reading
Developed Countries Lock Up Covid-19 Vaccines Through 2023
The European Union, Canada and other developed countries have signed deals to get hundreds of millions of doses of Covid-19 vaccines and boosters over the next two years, furthering a Continue Reading
China warns two-thirds of regions for missing energy targets
China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after two-thirds of them fell short of at least some Continue Reading
Coronavirus live updates: Vietnam mutation not a new variant, WHO says
The World Health Organization’s representative in Vietnam said the coronavirus mutation first detected there does not meet the global health body’s definition of a new variant, although it is still Continue Reading
The pandemic has proved peak oil demand wrong
While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 Continue Reading
China Electric Car Makers Outshine Peers on Growing Optimism
Electric-vehicle makers and suppliers rallied on Tuesday after a string of positive news for the industry, with Chinese companies clocking in the biggest gains. U.S.-traded shares of Nio Inc. and Continue Reading
China May Have Most at Risk From Prolonged JBS Meat Shutdown
A prolonged shutdown at global meat supplier JBS SA could hit China the hardest as the country is the world’s biggest beef buyer and accounts for almost a third of Continue Reading
China’s economic boom leaves manufacturing hubs short of power
China’s runaway economic recovery has been so successful that it has caused power shortages across dozens of its manufacturing and industrial hubs in the south of the country. Factories across cities Continue Reading
China’s independent refineries struggle for fuel oil amid tight supply, high prices
China’s independent refineries — actively looking for fuel oil to feed their distillation units — are struggling to secure adequate feedstock barrels for the coming months due to tight regional Continue Reading
Americans are partying again. But elsewhere, the pandemic is getting worse. – The Washington Post
In the United States, life is returning to normal. Restaurants and bars are filling up again, vacations are being booked and flights are selling out. At sporting events, maskless fans Continue Reading
The IEA Is Pleading To China To Slow Down Coal Production
The International Energy Agency (IEA) has issued yet another warning that if we are to have any hope of avoiding the worst effects of global warming, we have to keep Continue Reading
China Boasts Successful Nuclear Fusion
Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Chinese daily Global Continue Reading
China likely to cut key oil product exports in 2021 by slashing quotas
China is likely to cap its key oil product exports — gasoline, gasoil and jet fuel — in 2021 by slashing quota allocation in an effort to meet carbon emission Continue Reading
China to Ease Limits on Births, Allowing Couples to Have Three Children
China’s top decision-making body said Monday the government would ease its birth-control policy to allow all couples in the country to have three children, the state-run Xinhua News Agency reported. Continue Reading
China’s Factory Activity Slipped in May, but Consumer Spending Held Up
The result was largely in line with the 51.1 median forecast expected by economists polled by The Wall Street Journal, and marked the 15th straight month that the gauge came Continue Reading
Russian ESPO Blend premiums reach 5-month high in May amid China demand optimism
Trading houses positioning for China demand Import tax on LCO may shift China’s demand to gasoil Premiums of Russia’s ESPO Blend crude rose to multi-month highs in the current month Continue Reading
US Vaccine Rate: 70% May Be in Reach, New Poll Suggests
A new poll suggests the United States could be on track to vaccinate at least 70 percent of the adult population against Covid-19 by this summer. In the latest survey by the Continue Reading
Explainer: How will China’s latest oil probe affect the world’s biggest crude importer?
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state Continue Reading
Immunity to the Coronavirus May Persist for Years, Scientists Find
Immunity to the coronavirus lasts at least a year, possibly a lifetime, improving over time especially after vaccination, according to two new studies. The findings may help put to rest Continue Reading
World Faces Longer Supply Shortage as China’s Factories Squeezed
Huizhou Baizhan Glass Co. factory in Guangdong. Sign up for Next China , a weekly email on where the nation stands now and where it’s going next. Eric Li’s factory Continue Reading
The Wuhan lab-leak theory is getting more attention, but it’s not because of new evidence
A new surge of interest has revived the lab-leak theory. Well over a year since a novel coronavirus began to spread in Wuhan, the idea that the deadly outbreak could be Continue Reading
Timeline: How the Wuhan lab-leak theory suddenly became credible
The source of the coronavirus that has left more than 3 million people dead around the world remains a mystery. But in recent months the idea that it emerged from the Wuhan Institute Continue Reading
China’s Strong Recovery Shows Signs of Softening as Costs Surge
China’s strong economic momentum eased slightly in May, as surging raw material prices squeezed profits, businesses turned more cautious and property and car sales underperformed. That’s the outlook of an Continue Reading
China’s consumption tax seen hurting bitumen blend imports in H2: sources
Around 2.5 mil mt cargo to be discharged in May Refiners may continue imports by re-allocating tax cost Heavy crude to be in favor China’s bitumen blend imports — which Continue Reading
U.S. agencies examine reports of early COVID-19 infections in Wuhan lab
U.S. intelligence agencies are examining reports that researchers at a Chinese virology laboratory were seriously ill in 2019 a month before the first cases of COVID-19 were reported, according to Continue Reading
U.S. reports lowest number of new COVID-19 cases in nearly a year
The United States last week reported the lowest number of new COVID-19 cases in nearly a year, with new infections dropping 26% from the previous seven days to just under Continue Reading
Did China Just Sound The Death Knell For Venezuela’s Oil Industry?
China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated Continue Reading
Covid Live Updates: U.S. Virus Cases, Deaths Drop to Levels Not Seen Since Last Summer
San Francisco General Hospital announced this past week that it had no Covid-19 patients for the first time since March 5 of last year.Jim Wilson/The New York Times The United Continue Reading
Virus deaths are probably two to three times more than official records, the W.H.O. says.
Deaths from Covid-19 and Covid-related causes are likely to be two to three times the number that countries have recorded in their official data, the World Health Organization said on Continue Reading
Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the lowest Continue Reading
EU parliament declares China treaty ratification ‘frozen’
The European Parliament has signalled fierce opposition to advancing a market-access treaty with China by declaring it “frozen”, in a sign of mounting tensions between the bloc and Beijing. MEPs voted Continue Reading
China to add at least 90 GW wind and solar capacity to the grid in 2021
China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Continue Reading
China’s Emissions Now Exceed All the Developed World’s Combined
China now accounts for more greenhouse gas emissions than all of the world’s developed nations combined, according to new research from Rhodium Group. Pollution King China’s emissions have surpassed all OECD nations Continue Reading
China says providing vaccines to almost 40 African states
China said Thursday it is providing COVID-19 vaccines to nearly 40 African countries, describing its actions as purely altruistic in an apparent intensification of what has been described as “vaccine Continue Reading
EU agrees to open doors to vaccinated foreigners
When a teacher told Syrian mother Um Wajih that her 9-year-old son’s German had deteriorated during his Berlin school’s six-week shutdown, she was saddened but not surprised. Parisians tuck into Continue Reading
$70 Oil Could Put The Brakes On China’s Crude Buying Spree
China’s accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the world’s largest Continue Reading
China’s surprise consumption tax move creates room for additional crude inflows
Highlights State refiners to import bigger share of incremental barrels More crudes with higher gasoil yields likely to flow in Independent refineries to seek replacement for Merey crude Singapore — Continue Reading
Biden says U.S. is in race with China to build electric cars as he pitches infrastructure plans
President Biden on Tuesday cast the United States as being in an urgent race with China to build electric vehicles as he visited a plant in Dearborn, Mich., that is Continue Reading
China’s First Oil Town
In a town on the edge of the Gobi desert is a sign in English and Chinese that reads “Oil Holy Land.” Nearby, a preserved drilling rig marks the spot Continue Reading
CHINA DATA: Improving demand, product supply shortage to buoy throughput in Q2
China’s crude throughput in the second quarter is likely to be buoyed by improving domestic demand and a shortage of oil product supplies due to the introduction of consumption taxes Continue Reading
Chinese Refiners Ramped Up Crude Processing In April
China’s refinery throughput increased by 7.5 percent annually in April, signaling a sustained recovery in crude processing, although the volumes were lower than the record-highs seen last November, according to Continue Reading
Why Vaccinating the World Against Covid-19 Will Be Hard
In delivering vaccines, pharmaceutical companies aided by monumental government investments have given humanity a miraculous shot at liberation from the worst pandemic in a century. But wealthy countries have captured Continue Reading
A Xinjiang Solar Giant Breaks Ranks to Try and Woo the West
At the Daqo New Energy Corp. factory in China’s Xinjiang region, workers carefully processed tall columns of refined silicon last week as a group of reporters and analysts looked on. It’s the first time Continue Reading