China’s economic slowdown worsened in August as coronavirus outbreaks exposed lingering weakness in consumer spending and cast greater doubts over the country’s growth prospects. Retail sales rose just 2.5 percent Continue Reading
China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg Continue Reading
Oil prices were choppy last week, but as of this writing, have so far failed to break out of last week’s trading range. Further to that end, the oil market Continue Reading
China is taking a page out of the Keynesian central banking playbook on how to micromanage an entire economy and is now reportedly fining auto chip sales companies for driving Continue Reading
New local COVID-19 infections more than doubled in China’s southeastern province of Fujian, health authorities said on Tuesday, prompting officials to quickly roll out measures including travel restrictions to halt Continue Reading
Chinese data this week will show the damage done from a widespread Covid outbreak last month that partially shut the world’s third-busiest container port and sent parts of the country Continue Reading
The furnaces and cooling towers on Capital Steel Campus in west Beijing used to spew toxic smoke. Today they’re nothing more than quaint paraphernalia decorating an 860-hectare park, which has Continue Reading
China to sell state crude reserves in phases via public auction Top oil importer’s producer price inflation at 13-yr high in Aug Auctions could sell off 10-15 mln bbl of Continue Reading
Remember when China vowed last year to hit peak carbon emissions in 2030 and to reach carbon neutrality in 2060? Maybe it will (spoiler alert: it won’t)… … but long Continue Reading
Mineral Resources Limited revealed that recent drilling activity led to a ‘significant’ gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia. Mineral Resources Limited (MRL) Continue Reading
