China’s daily crude throuhgput last month fell to the lowest since May 2020 as independent plants slashed production amid a tighter quotas, high inventories and weakening profits. Last month’s processing Continue Reading
China’s economy sharply underperformed in July, with widespread flooding and an outbreak of the coronavirus Delta variant exacerbating concerns that the country’s growth trajectory would continue to lose momentum. Official Continue Reading
Highlights Throughput could retreat to 14.6 mil b/d in Q3: Platts Analytics Pandemic-related restrictions could keep demand under check New refining capacity in Q4 could help throughput to rebound China’s Continue Reading
Russia’s daily COVID-19 deaths hit a new record of 819 on Saturday, a day after Moscow’s health department reported the highest number of monthly deaths in the city since the Continue Reading
Highlights Carriers omit sailings at the terminal, warn of delays Shippers fear booking cancellations Lockdowns, delays in Vietnam may exacerbate problems The shutdown of the Meidong terminal at China’s Ningbo Continue Reading
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last Continue Reading
China’s factory-gate prices rose at an unexpectedly fast clip in July, matching the highest level in more than 12 years as crude oil and coal prices soared—though economists say the Continue Reading
Expectations are growing that BHP Group Ltd (BHP.AX) (BHPB.L) will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing Continue Reading
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last Continue Reading
China’s expansion of coal-powered steel mills accelerated sharply in the first half of 2021, exposing the government’s reluctance to sacrifice industry-fuelled growth to achieve its climate goals. Analysis of Chinese Continue Reading
