Texas Oil Export Hub Sees China Demand Uptick
America’s main oil-export hub sees demand picking up from China this year. (Bloomberg) — America’s main oil-export hub sees demand picking up from China this year even as a resurgence Continue Reading
Shortfall in jabs pushes EU vaccine drive to crisis point
The EU’s Covid-19 vaccination plan is nearing crisis point after several regions suspended inoculations over the shortage of jabs and Brussels moved to restrict exports of vaccines to conserve stocks. The Continue Reading
Coronavirus: Germany set to limit AstraZeneca jab to under-65s
Germany’s government has been criticised for its vaccine programme’s slow start Germany’s vaccine committee has said AstraZeneca’s Covid jab should only be given to people aged under 65. The committee Continue Reading
US envoy Kerry takes aim at China over unclear 2060 climate pledge
China’s plans to achieve carbon neutrality by 2060 lack clarity and appear to be undermined by the country’s financing of coal-fired power station construction around the world, the US’ new Continue Reading
China’s Binge on Iranian Oil in Focus Following Tanker Seizures
An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Continue Reading
Why China Can’t Replicate America’s Shale Boom
China has been betting big on developing its shale gas resources, driven by surging natural gas demand and efforts to boost energy security. State oil and gas majors have been Continue Reading
China asks Indonesia to treat detained sailors fairly
China’s government called on Indonesia on Wednesday to treat a group of detained Chinese sailors fairly but gave no indication what their oil tanker was doing when it was found Continue Reading
Analysis: Chinese majors to struggle to extend shale gas boom beyond 2025
Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop Continue Reading
Only one of the world’s 29 poorest countries, Guinea, has started covid-19 vaccinations
In more than 50 countries, most of them wealthy, coronavirus vaccination efforts are well underway, with some 20 million doses already distributed in the United States alone. But most poorer nations Continue Reading
Frozen Fish Pileup in China Threatens Global Supply Chains
A huge pile up of fish cargoes at a Chinese port risks impacting shipments of frozen food across the country and beyond. Hundreds of containers are being held up in Dalian, Continue Reading
China’s Jan-Feb crude throughput may remain at high levels despite slow demand
China’s crude throughput will likely remain at relatively high levels over January-February despite the slowdown in domestic fuel consumption for the Lunar New Year due to the resurgence in COVID-19 Continue Reading
Texas Oil Hub Gears Up for More Exports to China Despite Virus – Bloomberg
America’s main oil-export hub sees demand picking up from China this year even as a resurgence in the coronavirus clouds the outlook for consumption in the world’s biggest importer. Texas’s Port Continue Reading
Chinese city suffers food shortages during Covid-19 lockdown
Residents of a locked-down Chinese city have raised an outcry about food and medicine shortages, spurring a rare public debate about the country’s strict epidemic controls. Citizens in Tonghua, near China’s Continue Reading
China’s Sweeping Climate Goals Meet Resistance On the Ground – Bloomberg
In the four months since China’s President Xi Jinping pledged that the country would be carbon neutral by 2060, its climate researchers have been busy making road maps. A long-awaited carbon market is finally about to kick Continue Reading
Covid-19 Vaccine Setbacks Damp Europe’s Prospects for Normal Summer – WSJ
Delays in Covid-19 vaccine deliveries and uncertainties about the prospects of yet-to-be-approved shots mean Europe is unlikely to have inoculated a substantial portion of its population by the summer, raising Continue Reading
Germany on ‘Powder Keg’; Israel Vaccine Results: Virus Update
German Chancellor Angela Merkel told party colleagues the potential threat from faster-spreading variants means the country is “sitting on a powder keg,” according to Bild newspaper. Ireland is set to extend Continue Reading
UK warns against booking holidays, hotel quarantine announcement due
The British public should not book any overseas summer vacation yet, the minister responsible for the country’s COVID vaccination programme said on Tuesday, ahead of an expected announcement on tougher Continue Reading
Vaccine delays in poorer nations threaten advanced economies
Advanced economies face a significant hit to their economic recovery from the coronavirus pandemic unless they help developing countries speed up their vaccination programs, according to a report that will Continue Reading
China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment
China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of Continue Reading
The Latest: New virus clusters hit China’s north provinces
A Chinese city has brought 2,600 temporary treatment rooms online as the country’s north battles new clusters of coronavirus. The single-occupancy rooms in the city of Nangong in Hebei province Continue Reading
Head of French health regulatory body: COVID situation is worrying
The COVID-19 situation in France is worrying, the head of the country’s Haute Autorite de Sante (HAS) health regulator told France Inter radio on Monday, as President Emmanuel Macron’s government Continue Reading
China Pushes for High-Level Meeting to Ease Tension With U.S.
Looking to reset the troubled U.S.-China relationship, Beijing is pressing for a meeting of its top diplomat with senior aides to President Biden to explore a summit between the two nations’ Continue Reading
China’s Offshore Purgatory Snares More Australian Coal Cargoes
After loading up with coal the DZ Weihai slipped into the turquoise waters off the coast of Australia this month and began a 14-day voyage to the southern Chinese port Continue Reading
Forget the ‘beginning of the end’, Covid is a permawar
San Francisco usually experiences an eerie change in January. The city’s casually dressed residents are suddenly infiltrated by thousands of suits, delegates at the annual JPMorgan healthcare conference. This year the Continue Reading
British PM says new variant may carry higher risk of death
British Prime Minister Boris Johnson said on Friday the new English variant of COVID-19 may be associated with a higher level of mortality although he said evidence showed that both Continue Reading
EU hit by delay to Oxford/AstraZeneca vaccine delivery
AstraZeneca has warned EU countries to expect significant shortfalls to early deliveries of its coronavirus vaccine, in a fresh blow to the rollout of the bloc’s immunisation programme, European officials Continue Reading
Denmark’s coronavirus sequencing shows U.K. variant cases exploding
Like a speeding car whose brake lines have been cut, the coronavirus variant first spotted in Britain is spreading at an alarming rate and isn’t responding to established ways of slowing Continue Reading
Coronavirus: UK variant ‘may be more deadly’
Early evidence suggests the variant of coronavirus that emerged in the UK may be more deadly, Prime Minister Boris Johnson said. However, there remains huge uncertainty around the numbers – Continue Reading
UK Warns New Coronavirus Variant May Be Deadlier
Prime Minister Boris Johnson had been expected to trumpet a rare success in the campaign against the coronavirus on Friday: news that Britain had vaccinated 5.4 million people. By the Continue Reading
China’s Consumers Fall Behind Even as Its Economy Marches Forward
One thing is missing from China’s otherwise remarkable economic recovery: a strong rebound in consumer spending. Even though China was the only major economy to expand during the Covid-19 pandemic last year, its Continue Reading
China Is Struggling To Keep Up With Electricity Demand
The cold spell that left Asian countries scrambling to buy enough natural gas for heating and electricity generation earlier this month made headlines and spurred a massive rally in spot Continue Reading
Beijing launches mass virus tests as China’s daily tally drops slightly
Beijing launched mass COVID-19 testing in some areas on Friday, while Shanghai was testing all hospital staff as China battles its worst outbreak of the disease since March and families Continue Reading
China Exceeds Clean Energy Record With Extra Wind Capacity
China blew past its previous record for renewable energy installations last year with a massive — and surprising — addition of wind power. The National Energy Administration said in a press release on Continue Reading
E.U. leaders consider travel bans, faster vaccine rollout to contain coronavirus variants
European leaders, struggling with a slow vaccination effort and fearful that highly contagious coronavirus variants could rapidly overwhelm their medical systems, moved Thursday to begin reimposing border restrictions and to speed Continue Reading
Saudi Arabia Remained China’s Top Oil Supplier In 2020
For most of last year, Saudi Arabia—the largest oil exporter in the world—and its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the Continue Reading
China rushes to build coronavirus quarantine center for 4,000 as it battles local outbreaks – The Washington Post
China is racing to build a quarantine center to house 4,000 people in the northern city of Shijiazhuang, the epicenter of the country’s latest outbreak of the coronavirus, which Beijing has Continue Reading
China worries about lagging consumption as broader economy shakes off COVID
China will be looking to tweak its economic policies to get consumers to spend more, policy advisers in Beijing said after retail sales emerged as a weak spot in better-than-expected Continue Reading
China’s 2020 crude imports from US surge 211% to 396,000 b/d, valued at $6.28 bil
China’s crude imports from the US surged 211% year on year to 19.76 million mt, or an average 395,746 b/d, in 2020, with the value jumping 89% to $6.28 billion, Continue Reading
Covid-19 Pandemic:
German Chancellor Angela Merkel is holding talks on a possible extension of the country’s virus measures, with curfews under consideration. European Union member states will be warned by the bloc’s Continue Reading
Covid vaccine: WHO warns of ‘catastrophic moral failure’
The world is on the brink of “catastrophic moral failure” because of the unequal distribution of Covid vaccines, the head of the World Health Organization (WHO) has warned. Tedros Adhanom Continue Reading
Iran Looks To Poach Saudi Oil Contracts With New Projects
Iran and China look to exploit Saudi oil deficit with new push in West Karoun Iran And China Exploit Saudi Weakness With New Oil Megaproject Iran And China Capitalize On Continue Reading
China’s rebound masks long-term challenges
When the Chinese city of Wuhan went into lockdown due to coronavirus a year ago this week, the country’s economic and political model seemed to face a moment of reckoning. Continue Reading
China’s COVID outbreak worst since March 2020
China is battling the worst outbreak of COVID-19 since March 2020, with one province posting a record daily rise in cases, as an independent panel reviewing the global pandemic said Continue Reading
China’s Car-Chip Shortage Could Persist for as Long as a Decade
China’s automotive-chip shortage could persist for as long as a decade, but it has little to do with the current supply glitches snarling production, according to the official who oversees Continue Reading
Chinese Refiners Processed Record Amounts Of Crude In 2020
After a pandemic-hit slow start to 2020, China’s refiners boosted production from April, thanks to ultra-low crude oil prices and a rebound in the Chinese economy and fuel demand, setting Continue Reading
Covid-19’s Blow to Business Travel Is Expected to Last for Years
The coronavirus pandemic delivered a lingering, and possibly permanent, hit to business travel that is likely to weigh on employment and economic growth in some communities for years. Beyond the blows to airlines, Continue Reading
China’s economy picks up speed in fourth quarter, ends 2020 in solid shape after COVID-19 shock
China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further Continue Reading
China’s economy expands at faster rate than before coronavirus
China’s gross domestic product expanded 6.5 percent in the fourth quarter of 2020, a faster rate than before the coronavirus pandemic and easily outpacing the expected performance of other big Continue Reading
China’s 2020 GDP rises 2.3%, robust economic growth expected in 2021
China’s economy grew at 6.5% in the fourth quarter, bringing the world’s second-largest economy’s GDP growth to 2.3% in 2020, National Bureau of Statistics data showed Jan. 18. Receive daily Continue Reading
U.K. Covid-19 Strain Likely to Become Dominant in U.S. in March, CDC Says
A highly transmissible coronavirus variant that was first identified in the U.K. is spreading rapidly in the U.S. and likely to become the dominant strain circulating domestically in March unless steps Continue Reading