Highlights Sales hit record high of 450,000 units in Nov Market share shoots to 17.8% of total vehicle sales China’s new energy vehicle sales reached an all-time high of 450,000 Continue Reading
A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting long-standing concerns about Continue Reading
Fitch Ratings said China Evergrande Group EGRNF -5.70% and a second big property developer, Kaisa Group Holdings Ltd. 1638 1.10% , had defaulted after missing U.S. dollar bond payments. Kaisa, which in 2015 became one of the first Chinese Continue Reading
Highlights Daily coal truck hauls fell below 100 Supply tightness not expected amid soft demand Coal trucks hauled from Mongolia through Inner Mongolia’s Ganqimaodu border port have nose-dived after fresh Continue Reading
Sinopec Corp has set up a new subsidiary in Xiong’an, near Beijing, to specialize in the hydrogen fuel business, China’s second-largest oil and gas company said on Friday. Sinopec Xiong’an Continue Reading
New coronavirus infections in South Korea have been rising and breaking records daily. There were long lines at testing stations after they exceeded 7,000 for the first time on Wednesday Continue Reading
Australia’s accelerating energy transition will see half of all homes installed with rooftop solar in the early 2030s, helping to spur a faster exit from coal-fired power generation, according to Continue Reading
The U.S. is expanding COVID-19 boosters, ruling that 16- and 17-year-olds can get a third dose of Pfizer’s vaccine. The U.S. and many other nations already were urging adults to Continue Reading
BioNTech and Pfizer (PFE.N) said on Wednesday a three-shot course of their COVID-19 vaccine was able to neutralize the new Omicron variant in a laboratory test, an early signal that Continue Reading
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Continue Reading
China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that paves the way for a massive restructuring of the Continue Reading
The reemergence of COVID-19 in the Chinese Ningbo city, which houses state owned oil and gas major Sinopec’s flagship 27 million mt/year (540,000 b/d) Zhenhai Petrochemical refinery, will have little Continue Reading
China’s soybean demand in marketing year 2021-22 (October-September) is expected to remain robust as the domestic production forecast was lowered, the monthly China Agriculture Supply and Demand Estimates report released Continue Reading
A deadly virus can’t be ignored, jailed, exiled or co-opted — nor can it be locked down without great economic cost. That puts President Vladimir Putin of Russia in a Continue Reading
The US Energy Information Administration (EIA)’s December Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. Notably, the emergence Continue Reading
The Omicron variant of the coronavirus can partially evade the protection from two doses of Pfizer Inc (PFE.N) and partner BioNTech’s COVID-19 vaccine, the research head of a laboratory at Continue Reading
The first in-depth laboratory study of the omicron variant of the coronavirus offers a mixed bag of bad news and good news. The bad: This variant is extremely slippery. It eludes a Continue Reading
The Omicron variant of coronavirus forced governments across the world to tighten border controls, hasten vaccination drives and reinstate social distancing last week. But in Dalian, China, authorities reclassified the Continue Reading
Highlights Impact on trucking, depot activity yet to be ascertained Supply chain disruptions may add to cargo backlog China has imposed a 14-day lockdown at Zhenhai, one of the six Continue Reading
Highlights Exports seen rebounding in Q1: sources Steel production also seen rising in Q1 Jan-Nov net finished exports up 62% on year No ‘supply-side reform’ mentioned in Politburo meeting Tough Continue Reading
Highlights Huabei’s hydrogen purification capacity at 500 cu m/hour PetroChina has 5,500 kg/day hydrogen refilling capacity at Winter Olympics’ site in Beijing PetroChina’s hydrogen output capacity at 2.6 mil mt/year Continue Reading
The total number of reported coronavirus cases in the United States marched toward 50 million Tuesday, as the omicron variant — which experts worry may prove especially contagious — has spread to Continue Reading
The Omicron variant of the coronavirus is weeks away from becoming the dominant strain in parts of Europe, government officials and scientists say, as emerging evidence from the U.K., Norway Continue Reading
South African doctors say the rapid increase in COVID-19 cases attributed to the new omicron variant is resulting in mostly mild symptoms. (AP Photo/ Shiraaz Mohamed) As the omicron coronavirus Continue Reading
China’s Communist Party has long maintained tight control over information, and the effort has intensified under leader Xi Jinping. The country has become increasingly opaque over the past year, even Continue Reading
China can’t meet its environmental goals without connecting its abundant sources of renewable energy with its coastal megacities. Unlike coal, wind and sunshine can’t be trucked to power plants closer Continue Reading
China has been one of the main drivers of the 2000-2014 commodities supercycle Slower economic growth and a huge debt bubble pose a tremendous risk to oil markets China’s Evergrande Continue Reading
To produce hydrogen using steam reforming of natural gas First plant with capacity of 1,400 mt/year in Gwangju State-owned Korea Gas Corp., one of the world’s biggest LNG buyers, Continue Reading
China’s crude imports in November rebounded 14.3% to 10.21 million b/d from the 39-month low in October as refineries had to increase buying to meet throughput demand, data from General Continue Reading
New York will require all private-sector workers in the city to be vaccinated against Covid-19, in what would be the strictest vaccine mandate to be imposed anywhere in the US. Continue Reading
Highlights Electrolyzer manufacturing capacity to reach 1.5-2.5 GW in 2022 Focus on leveraging manufacturing expertise to lower costs Overseas equipment orders to start coming in from 2022 China is rapidly Continue Reading
Demand for coronavirus vaccines has spiked in the United States in recent weeks, as more Americans are eligible for booster shots and concerns grow over the omicron variant. Health-care providers Continue Reading
The World Petroleum Congress kicks off this week with a sharply trimmed roster of energy executives and government ministers to grapple with the oil market’s future as the spread of Continue Reading
Brazil received the most cargoes previous three months Narrowing spreads could change trade flows again China was the top destination for US LNG in November, after three consecutive months with Continue Reading
China’s economy will become more dependent on its domestic market even as it opens up further for global trade, former Chongqing mayor Huang Qifan said at the annual International Finance Continue Reading
Germany’s health minister said Friday that more than 1% of the population — almost a million people — are currently infected with the coronavirus, and called on citizens to get Continue Reading
The Omicron variant has been linked to a substantial rise in coronavirus reinfections in South Africa compared with previous waves, according to the first detailed study into the heavily mutated Continue Reading
Image caption, South Africa’s president has urged everyone to get vaccinated The new coronavirus variant Omicron has now become dominant in South Africa and is driving a sharp increase in Continue Reading
The reproductive number, a measure of how fast the virus spreads, has surged to a record in Gauteng, the center of South Africa’s omicron variant outbreak. The reproductive number rose Continue Reading
New York state reported 11,300 new Covid-19 cases, the most since January, as dozens of hospitals neared capacity. Total patients hospitalized for the virus have climbed by more than 1,000 Continue Reading
China’s Zhejiang Hangjiaxin Clean Energy has signed a framework agreement with Russian energy company Novatek’s Asian subsidiary for a long-term LNG supply deal, the Chinese city gas distributor said Dec. Continue Reading
China’s rush for long-term LNG contracts with the US has been triggered by record high spot LNG prices but the deals also reflect pent up demand for uncontracted volumes, attractive Continue Reading
The World Health Organization (WHO) said on Monday the Omicron coronavirus variant carried a very high risk of infection surges as more countries closed borders, casting a shadow over economic Continue Reading
Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border restrictions to keep the new Omicron coronavirus variant at bay, prompting travellers to reconsider their plans. Continue Reading
Drugmaker Moderna’s CEO (MRNA.O) set off fresh alarm bells in financial markets on Tuesday after he warned that COVID-19 vaccines were unlikely to be as effective against the Omicron variant Continue Reading
The chief executive of Moderna has predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of coronavirus and warned it would take months before Continue Reading
A design flaw in the reactor pressure vessel could be the cause of a problem that was made public in June at French company EDF’s jointly-owned nuclear power plant in Continue Reading
ExxonMobil (XOM.N) is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said on Monday, with a final investment decision dependent on factors including Continue Reading
Just inland of Australia’s east coast, roughly 200 miles from the Great Barrier Reef, a single coal mine run by Glencore Plc emitted so much super-warming methane in a year Continue Reading
China expects to hold the 2022 Winter Olympics “smoothly” and on schedule, despite challenges posed by the emergence of the new Omicron coronavirus variant, foreign ministry spokesman Zhao Lijian told Continue Reading
