China auto sales off 22.4% in first half of 2020
China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the Continue Reading
A New World Order for the Coronavirus Era Is Emerging
In July 1945, at the close of World War II, the leaders of the U.S., Great Britain and the Soviet Union gathered at a Prussian royal palace in Potsdam outside Continue Reading
Fuel Glut Forces Chinese Refiners To Cut Oil Processing Rates
Higher oil prices and a fuel glut in Asia are depressing refining margins, likely forcing China’s independent refiners to scale down crude oil processing rates in the third quarter, traders Continue Reading
China Vows Retaliation After U.S. Sanctions Politburo Member
China pledged to retaliate after the U.S. sanctioned a top member of China’s ruling Communist Party and three other officials over human rights abuses in the far western region of Continue Reading
Can India Really Shut Down Oil Supply To China?
Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz , and it has endured Iran’s repeated Continue Reading
Coronavirus records in Florida, Texas and California erode hopes of economic revival
Record-breaking coronavirus cases and deaths in several U.S. states are dimming hopes of economic recovery, with cellphone data showing shoppers are staying away from stores in areas where cases are Continue Reading
China Set To Fall Short On U.S. Energy Purchases
Even before the coronavirus pandemic upended all forecasts for global trade and energy demand, analysts had doubted that China would be able to fulfill its pledge in the phase-one trade Continue Reading
S Korea shifts focus to North Sea from US for light sweet crude imports
VLCC of Forties crude arrives in May for first time in 9 months Q3 North Sea crude, condensate imports may surpass 6 mil barrels Forties-WTI price spread on CFR Asia Continue Reading
U.S. Hits 3 Million Confirmed Coronavirus Cases
After the coronavirus was first reported in the U.S. in January, the first million reported cases developed over roughly three months, as testing centered around those who had fallen ill Continue Reading
Russia Eyes Another Massive Gas Pipeline To China
The Chinese and Russian leadership have over the years intensified political and economic collaboration. Troubling relations with the West in general and the U.S. in particular are increasingly driving Beijing Continue Reading