Has China Really Solved Its Power Crisis?
China has moved in recent weeks to squash the surge in coal prices with government intervention Chinese Vice-Premier Han Zheng: The crisis is easing, and the government efforts to secure Continue Reading
U.S. Asks China To Release More Oil From Its Reserves
During a virtual meeting this week, U.S. President Biden has asked his Chinese counterpart to release more crude oil from its reserves China released gasoline and diesel from its reserves Continue Reading
Spotlight: China’s October crude imports at 39-month low, likely to rebound on demand from new refineries
China’s crude imports fell to 39-month low, reflecting stock draws, weak refinery demand and a likely delay in the reporting of discharged cargoes over the National Day holidays. Deliveries to Continue Reading
CHINA DATA: October natural gas output rises 5% on month to 16.5 Bcm
Volume rises by just 0.5% on year in Oct China produced 168.4 Bcm of natural gas over Jan-Oct Possibility of winter gas shortages: NDRC China produced 16.5 Bcm of natural Continue Reading
China is producing more coal than ever before despite COP26 pledges
Chinese officials reported Monday that their coal production surged to its highest level in years, the same day that officials in India’s capital readied a shutdown due to air pollution, Continue Reading
Chinese Coal Production Jumps To Six-Year High In October
Chinese coal production in October rose to the highest level since March 2015 as the energy crisis in the world’s second-largest economy prompted authorities to seek to increase coal supply Continue Reading
Europe Toughens Rules for Unvaccinated as Fourth Covid Wave Swells
As temperatures drop and coronavirus infections spike across Europe, some countries are introducing increasingly targeted restrictions against the unvaccinated who are driving another wave of contagion and putting economic recoveries, Continue Reading
China fights biggest Delta outbreak as cases grow in city of Dalian
China is battling the spread of its biggest COVID-19 outbreak caused by the Delta variant, according to numbers announced on Monday, with travellers from a city where infections have grown Continue Reading
Japan’s economy shrinks more than expected as supply shortages hit
Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending plans and fresh COVID-19 cases soured the consumer mood. While Continue Reading
China Economy Stabilizes as Spending, Power Supply Picks Up
China’s Retail Sales, Industrial Output Beat Estimates China’s economy performed better than expected in October as retail sales climbed and energy shortages eased, though a slump in property and rising Continue Reading