Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of Continue Reading
Xi Says China Has ‘No Limits’ Partnership With Russia China will continue strengthening strategic ties with Russia, a senior diplomat said, showing the relationship remains solid despite growing concerns over Continue Reading
Japan raised its gasoline subsidy for oil distributors to the maximum figure of 25 yen ($0.1944) a litre for the seven days from April 21, up from 20.3 yen a Continue Reading
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the Continue Reading
Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14%, Reuters’ calculations Continue Reading
China’s commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts on Wednesday, fanning hopes that the tide is turning in its pandemic battle, as Continue Reading
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
Shanghai allowed 4 million more people out of their homes Wednesday as anti-virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast of Continue Reading
Automobile makers face production hurdles amid pandemic Raw material, auto parts shortages reported The automobile manufacturers in Shanghai are likely to restart production in the week ending April 23, although Continue Reading
China’s economic growth accelerated in the first quarter. Still, retail sales contracted and new-home sales fell in March. John Liu reports. Bloomberg News Sign up for the New Economy Daily Continue Reading
For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink. But Chinese President Xi Jinping, who doubtless would prefer Continue Reading
Investors aren’t buying the Chinese government’s bullish rhetoric and promises of support for an economy paying the price for its stringent Covid Zero strategy. China reported the biggest contraction in retail sales Continue Reading
Rising installations of solar and wind power mean efforts to shift workers from coal mines to renewable energy are speeding up. Follow us at @BloombergAU on Twitter and BloombergAsia on Continue Reading
China’s severe Covid-19 restrictions, which for two years aided the country’s pandemic rebound by keeping the virus outside its borders, are now emerging as the largest threat to its growth. Continue Reading
Crude steel apparent consumption falls 3.8% on year in March Demand may fall further amid the cash-strapped property sector China’s steel demand is expected to continue declining in April as Continue Reading
Container and bulk ships are skipping Asia’s largest refueling hub in Singapore as delays at ports in China and elsewhere prompt vessels to reschedule their stops to save time. A Continue Reading
China’s economic growth accelerated in the first quarter. Still, retail sales contracted and new-home sales fell in March. John Liu reports. Bloomberg News Sign up for the New Economy Daily Continue Reading
China refined 2% less oil in March than a year earlier, with throughput falling to its lowest level since October as a surge in crude oil prices squeezed margins and Continue Reading
China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to Continue Reading
China’s crude steel output fell more than 6% in March from the same month a year earlier, data from the statistics bureau showed on Monday, as production at mills was Continue Reading
China’s economy accelerated in the first quarter of the year, even as lockdowns closed factories and kept tens of millions confined to their homes in March, according to official data Continue Reading
Faced with its worst Covid-19 outbreak yet, China has been enforcing an expanding number of mass quarantines, strict lockdowns and border controls. The measures may yet work, but official data Continue Reading
The way China classifies coronavirus cases and reports deaths is obscuring the true impact of the Omicron wave and complicating its public health response more than two years into the Continue Reading
Judging by the numbers, China appears to be experiencing a far different pandemic than the rest of the world. In the latest surge in Shanghai, its largest city with a population of Continue Reading
Shanghai reported a record number of symptomatic COVID-19 cases on Saturday and other areas across China imposed restrictions as the country kept up its “dynamic clearance” approach that aims to Continue Reading
The agency has calculated that 15 million people have died as a result of the pandemic, far more than earlier estimates, but has yet to release those numbers. A mass Continue Reading
Anti-virus controls that have shut down some of China’s biggest cities and fueled public irritation are spreading as infections rise, hurting a weak economy and prompting warnings of possible global Continue Reading
As grocery delivery is thrown into disarray, one neighbor gets three oranges in return for lending out his cat One man in Shanghai said he worked out a deal for Continue Reading
Viral videos show anger and desperation in Shanghai Dozens of elderly patients at a hospital in Shanghai have died after contracting Covid-19, but official government figures claim no deaths in Continue Reading
While lockdowns in China are causing significant demand destruction and adding downward pressure to oil prices, the EU’s threat to ban Russian oil imports has the potential to send prices Continue Reading
China’s Guangdong province will boost gas consumption by 65.5% in the five years to 2025 on the back of industrial coal-to-gas switching and new natural gas-fired power plants, the provincial Continue Reading
Highlights Lowering private reserves mandate by 13.5 mil barrels by Oct. 8 Extends earlier 7.5 mil barrels release by six months Japan will start on April 16 releasing 6 million Continue Reading
Small protests have broken out in Shanghai as residents grow increasingly frustrated with Covid-19 lockdown restrictions, just as Beijing looks to widen national support for its commitment to eliminating the Continue Reading
AP Moller-Maersk A/S, one of the biggest shipping lines in the world, has stopped bookings to ship refrigerated containers into Shanghai as a strict Covid lockdown stalls the trucking of Continue Reading
China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the Continue Reading
Tesla Inc. has hit a real production snag in China. The electric carmaker’s Shanghai plant, its first outside the U.S., has had output suspended for almost three weeks due to Continue Reading
Bank of Japan Governor Haruhiko Kuroda faces another awkward communications challenge later this month when the central bank is poised to predict the strongest annual inflation since 1992 outside tax Continue Reading
China’s financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, a new high, a day after President Xi Jinping said that the country must continue with its strict “dynamic Continue Reading
As the planet lurches toward catastrophic levels of warming, China’s biggest banks have been ratcheting up their financing of the dirtiest fossil fuel of all: coal. Chinese lenders have helped Continue Reading
Russia is offering deep discounts for its crude following a wave of sanctions on its energy industry. While China and India are still buying some discounted oil, logistical hurdles are Continue Reading
Small-scale private refining capacity’s share fell to 21% in 2021 Call for more oil product export quota to offset stock pressure NEV sales up despite fall in total car sales Continue Reading
China consumption estimate reduced by 925,000 b/d in April Global market now seen in balance for much of the year The International Energy Agency cut its forecast for global oil Continue Reading
China’s crude oil imports slipped 14% in March compared with the same month a year earlier, extending a two-month slide as independent refiners curbed purchases under narrowing margins and large Continue Reading
CNOOC preparing to exit Britain, Canada, U.S. -sources Beijing concerned over growing tension with West Production in three countries reached 220,000 boed last year LONDON/SINGAPORE, April 13 (Reuters) – China’s Continue Reading
The Chinese commercial capital of Shanghai warned on Wednesday that anyone who violates COVID-19 lockdown rules will be dealt with strictly, while also rallying citizens to defend their city as Continue Reading
China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect Continue Reading
Exports dropped 7.7% in March even as total shipments rose Imports rose 26.4%, with rising energy prices likely a factor Bloomberg News China’s exports to Russia slumped in March after Continue Reading
One of the world’s largest electronics manufacturing hubs near Shanghai is grinding to a halt, aggravating China’s economic worries and exacerbating disruption to global supply chains. Dozens of producers of Continue Reading
Long before the “zero Covid” policy, China had a “zero sparrow” policy. In the spring of 1958, the Chinese government mobilized the entire nation to exterminate sparrows, which Mao declared Continue Reading
With all of the chaos taking place in Shanghai as a result of a new round of mysteriously overbearing Covid lockdowns, there has been very little attention paid to Tesla’s Continue Reading
