China Claims First Offshore Shale Oil And Gas Discovery
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea Continue Reading
Japan urges regions to mount COVID fight as variant spreads
Japan is encouraging regional authorities to take steps to contain a new coronavirus variant that has sent cases to record levels, but there is no plan for sweeping national measures. Continue Reading
Keep calm and cut the air con – Japan’s energy saving is model for Europe
As Europe braces for energy shortages from Russian gas cuts, Japan’s own energy crisis a decade ago offers survival lessons to households and businesses – such as dimming the lights Continue Reading
Covid in China: Million in lockdown in Wuhan after four cases
Image caption, A recent study suggested a strong association between the outbreak and animals at Wuhan’s Huanan wildlife market Almost one million people in a suburb of Wuhan – China’s Continue Reading
China’s Blistering Heat Strains Power Grids and Disrupts Farming
A woman shields from the sun in Beijing’s central business district. Photographer: Mark Schiefelbein/AP Photo Bloomberg News Scorching temperatures across China are straining power grids as the country tries to Continue Reading
China’s Slowdown Spills Over to Major Economies Through Imports
China’s economic slowdown is spilling over to major exporting nations in Europe and East Asia through falling demand for manufactured goods, causing Germany and South Korea to post rare deficits Continue Reading
China And India Are Buying Less Russian Crude
Asian nations are letting up on discounted Russian oil exports, with Bloomberg data showing a 13% decline over the past four weeks as Chinese and Indian demand ease, chipping away Continue Reading
Why China’s economic measures may not be enough to drive up consumer demand
China’s economic activity has started to recover from the late-May COVID-19 resurgence, while the government has also been stepping up fiscal and monetary stimuli to support the recovery. However, recovery Continue Reading
CHINA DATA: July crude throughputs seen lower amid heavy maintenance
China’s crude throughput is likely to edge lower in July, weighed down by maintenance at state-owned refineries amid uneven oil product demand recovery and limited exports , S&P Global Commodity Continue Reading
China’s Rural Banking Smash-Up
More trouble for China’s rural commercial banks is more or less inevitable unless the property market turns around soon. A protest by bank depositors in the province of Henan has Continue Reading