The recent surge in China’s crude procurement activity on the back of low oil prices has led to severe port congestion in Shandong province in recent weeks, causing logistical constraints Continue Reading
China’s gasoline exports fell 20% year on year to a 14-month low of 680,000 mt in May, while jet fuel exports plunged 62% over the same period to a five-year Continue Reading
Conflicting talk from Trump administration officials about “decoupling” the U.S. economy from China is running into challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into Continue Reading
For a second consecutive week, Texas, Arizona and Nevada set records in their coronavirus outbreaks, and 10 other states from Florida to California were grappling with a surge in infections. Continue Reading
Newly diagnosed cases of Covid-19 and other indicators of the pandemic’s spread soared in hot spots across the U.S., driving city and state officials to consider slowing or reversing reopening Continue Reading
Public officials in the west and south of the US have stepped up their warnings about coronavirus in the wake of states in those regions reporting record one-day increases in Continue Reading
China has made life a little easier for car manufacturers who make gasoline-electric hybrids by reclassifying these hybrid vehicles more favorably with regard to its clean car policies. Reuters reports Continue Reading
President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser’s comments seemed to suggest it was over, spooking markets Continue Reading
The low oil prices and the economic slowdown from the COVID-19 pandemic have hit the finances of Chinese companies hard. Another Chinese oil firm has defaulted on a dollar-denominated bond. Continue Reading
China looks to raise its crude oil production by 1 percent to 3.85 million barrels per day (bpd) and natural gas output by 4.3 percent this year, the National Energy Continue Reading
