PetroChina aims for even split for oil, gas, green energies by 2035
PetroChina aims to have oil, gas, and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts Continue Reading
India Cases at 1-Month High; Sydney Surge Worsens: Virus Update
Sydney’s outbreak of delta variant cases is worsening, with new daily infections in New South Wales state passing 1,000 for the first time. India recorded the highest daily tally in Continue Reading
China’s Sinopec flags new oil and gas find in Xinjiang
China’s state-run energy major Sinopec said on Wednesday it had discovered a new 100-million-tonne oil and gas field in the Shunbei area of the Tarim Basin in the country’s Xinjiang Continue Reading
China Coal Approvals Seen Adding to Confusion on Climate Action
Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given Continue Reading
China Announces Major Shale Oil Discovery
China announced on Wednesday the discovery of a major shale oilfield in the Daqing Oilfield cluster with expected reserves of 1.27 billion tons of oil, Chinese Xinhua news agency reported Continue Reading
Seaborne met coal hits all-time high in China amid domestic tightness
Seaborne metallurgical coal prices hit an all-time high of $410/mt CFR China for premium hard coking coal Aug. 25. The previous high was reported at $392.50/mt CFR China on Jan. Continue Reading
China’s Regulatory Crackdown Is Already Hurting the Economy
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s campaign to clamp down on industries ranging from steel to education to Continue Reading
Chinese Factories Are Having Labor Pains—‘We Can Hardly Find Any Workers’
Labor shortages are materializing across China as young people shun factory jobs and more migrant workers stay home, offering a possible preview of larger challenges ahead as the workforce ages Continue Reading
Why Pfizer’s FDA Approval Has Been A Boon For Oil Prices
The recent resurgence in Covid-19 infections in many parts of the world led not just to a slump in oil prices but growing pessimism about the prospects of oil demand. Continue Reading
China Reopens Terminal at World’s Third-Busiest Port
The Meishan terminal at China’s second-busiest port reopened Wednesday following a two-week shutdown that further snarled already stressed shipping routes in Asia. The terminal will start the resumption of normal Continue Reading