Highlights On track to completely phase out Russian oil purchases Refiners maintain high runs to help ease Asia’s diesel shortages South Korea to mainly rely on US, Middle Eastern crude Continue Reading
Highlights May manufacturing production index lower on year Steel demand in vehicle industry continues improving in June Demand from home appliance, construction sectors remains poor China’s manufacturing production index for Continue Reading
U.S. President Joe Biden is considering scrapping tariffs on a range of Chinese goods to curb inflation, but no decision is likely before next week’s Group of Seven summit, people Continue Reading
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the Continue Reading
China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on Continue Reading
Power consumption surged in large Chinese provinces north of the Yangtze river amid warmer-than-normal weather, with regions like Henan, China’s third-most populous province, challenged by record electricity demand. The maximum Continue Reading
North Korea has dispatched medical crews and epidemiological investigators to a province battling the outbreak of an intestinal disease, state media reported on Sunday. At least 800 families suffering from Continue Reading
A fire that ripped through a New South Wales power station on the weekend will not affect electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out Continue Reading
Chinese state-owned energy companies are negotiating investments in the expansion of Qatar’s North Field and are ready to close long-term supply contracts, Reuters has reported , citing unnamed sources. The Continue Reading
China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed Continue Reading
