Russian President Vladimir Putin touched down in Beijing for the 2022 Winter Olympics on Friday, bringing with him a deal to increase natural gas supply to China amid rising tensions Continue Reading
Russia’s Gazprom has agreed on a 30-year contract to supply China’s CNPC with natural gas from a new pipeline connecting Russia’s Far East with China’s northeast, an industry official with Continue Reading
President Xi Jinping of China on Friday offered firm support to President Vladimir V. Putin of Russia in the Kremlin’s showdown with the West over Ukraine, strengthening a relationship that Continue Reading
China has been attempting to expand its One Belt, One Road project through the Middle East by heavy funding of energy projects in the region. Ever since the 1973 Arab Continue Reading
Here’s a new obstacle that could prevent the world from finally turning the corner on climate change: Imagine that over the coming decade a whole new economy the size of Continue Reading
Tokyo’s new COVID-19 cases exceeded 20,000 for the first time on Wednesday, dimming hopes that an Omicron-fuelled wave of infections in Japan is peaking out. Nationwide cases reached a record Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
China has concluded three major oil deals with Iraq, most notably finalizing the 25-year deal for the Mansuriya field which could have huge geopolitical consequences. The signing of these deals Continue Reading
The next commodity supercycle could start and end with Chinese graphite, the single most important battery material right now in terms of supply and demand. And one of the world’s Continue Reading
The COVID-19 situation at the Beijing Winter Olympics is within the “expected controllable range”, despite increasing positive cases being detected, a senior official at China’s Olympics Pandemic Prevention and Control Continue Reading
The Chinese economy started the year on an uncertain footing, as Covid-19 flare-ups disrupted factory activity and consumer spending, according to a trio of manufacturing and service sector surveys released Continue Reading
Japan is set to import the highest quantity of coal in January in just over two years, as utilities scramble to get supplies for power generation amid high spot liquefied Continue Reading
The Wangting Power Plant in Wangting, Jiangsu province, China. Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Continue Reading
Beijing officials said Sunday they had sealed off several residential communities north of the city center after two cases of COVID-19 were found. The Chinese capital is on high alert Continue Reading
China’s manufacturing sector expanded at a slower pace in January as a seasonal slowdown, Covid-19 outbreaks and a housing market drop dragged activity at small firms to the weakest since Continue Reading
Growth in China’s factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience Continue Reading
Russia has confirmed 11,404,617 cases of coronavirus and 328,770 deaths, according to the national coronavirus information center. Russia’s total excess fatality count since the start of the coronavirus pandemic is Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
China will, by the end of the year, have more renewable and low-carbon power generation capacity than fossil fuel capacity, the country’s Electricity Council has reported. Reuters reports that China Continue Reading
Pakistan sees strong gasoline demand on economic activity the Philippines stays top recipient for China’s gasoil in 2021 Restricted gasoil exports from China support prices of the grade Pakistan emerged Continue Reading
Delays in shipment of Indonesia’s thermal coal continued due to logistical bottlenecks and impeding paperwork, market sources said Jan. 25, even after the three-week blanket ban on coal exports was Continue Reading
Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research Continue Reading
Chinese authorities lifted a monthlong lockdown on the northern city of Xi’an and its 13 million residents Monday as infections subside ahead of the opening of the Winter Olympics in Continue Reading
Slashes export quotas by 56% Implements structural changes to balance market Opportunities for regional refiners to fill gap A sharp cut in oil product export quotas by China underscores Beijing’s Continue Reading
Beijing’s city government on Sunday introduced new measures to contain a recent outbreak of COVID-19, as China’s capital continued to report new local cases of the virus less than two Continue Reading
Iraq has finalized contract terms with China’s Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed. If Continue Reading
The first commercial airline flights in one month took off Saturday from Xi’an in western China as the government eased travel curbs imposed after a coronavirus outbreak ahead of next Continue Reading
China’s economic future isn’t looking all that bright and is starting to have political implications for President Xi Jinping. The Chinese Academy of Social Sciences expects annual growth to slow Continue Reading
Highlights Several power utilities in the market to buy spot LNG Set to focus on long-term contracts in 2022 amid high spot prices But remain prone to spot purchase on Continue Reading
The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some Continue Reading
Tokyo recorded its fourth record number of daily COVID-19 infections on Saturday, breaking above 10,000, while Japan’s exceeded 50,000 for the first time as the Omicron variant continues to spread Continue Reading
Three U.S. studies show that the third dose of an mRNA vaccine is key to fighting the Omicron coronavirus variant, providing 90% protection against hospitalization due to COVID-19, the U.S. Continue Reading
Major Chinese liquefied natural gas (LNG) importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to Continue Reading
A small preliminary laboratory study has shown that levels of Omicron-neutralising antibodies of people vaccinated with Russia’s Sputnik V vaccine did not decline as much as of those who had Continue Reading
COVID-19 infections are reaching new peaks in the Americas with 7.2 million new cases and more than 15,000 COVID-related deaths in the last week, the Pan American Health Organization (PAHO) Continue Reading
Highlights Russia overtakes Saudi Arabia to be China’s top crude supplier in Dec Saudi Arabia helps Middle East increase market share to 50% in 2021 Value of China’s crude imports Continue Reading
Biden Says He Can’t Ease Tariffs on China Yet President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. Continue Reading
LONDON, Jan 19 (Reuters) – British Prime Minister Boris Johnson announced the end of COVID-19 measures including mandatory face masks in England as he looks to live with the virus Continue Reading
When the coronavirus pandemic was first declared, Spaniards were ordered to stay home for more than three months. For weeks, they were not allowed outside even for exercise . Children Continue Reading
China considers this year as the crucial year for its new-energy vehicles industry to “go global,” according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of Continue Reading
Platts Seasonal heating demand, lean supplies lend support FOB Singapore jet fuel/kerosene cargo breached the psychologically important $100/b mark for the first time in more than seven years at the Continue Reading
Highlights 2022 power demand growth likely lower than 2021: Platts Analytics China to account for more than half of global power demand growth: IEA Non-fossil fuels grow faster than fossil Continue Reading
Japan on Wednesday widened COVID-19 curbs to the capital Tokyo and a dozen regions covering half the population as the Omicron variant of coronavirus drove record new infections. Already in Continue Reading
Germany reported 112,323 new coronavirus cases on Wednesday, a fresh single-day record as the health minister said the peak had not been reached and compulsory vaccination should be introduced by Continue Reading
The physical crude market in Asia is showing further signs of strength, bolstering the outlook for higher futures prices just as global oil benchmark Brent rallies to the highest level Continue Reading
Bloomberg News China is better prepared to avoid any energy supply crisis even with power demand forecast to continue to grow rapidly, authorities said. A 10% lift in demand last Continue Reading
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply. Gasoline exports in 2021 slid 9.1% from a Continue Reading
Last year, Chinese policymakers shook up the world’s second-largest economy just as its rebound from the pandemic was starting to wear off, unleashing a flurry of measures to address longer-term Continue Reading
China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when its population Continue Reading
The number of people with COVID-19 in French hospitals rose by 888 to 25,775, the health ministry said on Monday, the biggest one-day increase since early November 2020 – before Continue Reading
