Highlights Independent refineries attracted by heavily discounted Urals Prices are still above Beijing’s expectations to replenish SPRs Run rates at independent refiners recover as margins improve Hefty discounts on Russian Continue Reading
China’s state spending on industrial subsidies is much higher than in seven other major economies analyzed in the report. China spends much more in helping favored industries with state-directed funds, Continue Reading
A sign encouraging people not to waste food at a restaurant in Handan, China, in 2020.Source: AFP/Getty Images China has been long obsessed with finding ways to ensure there is Continue Reading
Highlights Gasoil and gasoline exports both lower on tight export quotas Jet exports at 2-year high as companies focus quotas Only 4.41 million mt export quota available until new allocation Continue Reading
China’s Covid caseload is easing, though the threat of lockdowns remains as more infections are found in key cities and the country continues to have zero tolerance for any outbreaks. Continue Reading
China’s aviation industry lost a combined 84.3 billion yuan ($12.5 billion) last year, as the country kept its borders closed to keep out Covid-19. A rebound in domestic travel to Continue Reading
After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports , Continue Reading
“We’ve got to do what we can to prevent infections,” said Ashish Jha, the White House Covid-19 response coordinator. “We’ve got to do what we can to ensure that infections Continue Reading
Goldman Sachs Group Inc. cut its economic growth forecast for China for this year to 4% as the government doubles down on a Covid Zero policy that’s forced major cities Continue Reading
North Korea, battling its first major Covid-19 outbreak, has reached out for help to its closest ally, China, while ignoring offers of vaccines from South Korea. Three North Korean cargo Continue Reading
