Chinese Refiner Reportedly Dodged $2 Billion In Fuel Taxes
An independent Chinese refiner may have avoided paying some $2 billion in taxes by falsifying the kind of fuels it sells, Bloomberg has reported , citing a report in a Continue Reading
China’s crude throughput to fall in July on independent refiner cuts, quota limits
Highlights State-owned refiners’ utilization rate at 82% in July China expected to cut July oil products shipments H2 product export quotas to cap refiners’ Aug run rates China’s crude throughput Continue Reading
China is defying US pressure to change its behaviour
As Wendy Sherman, US deputy secretary of state prepared to fly to China this weekend, Beijing imposed sanctions on seven Americans, in a tit-for-tat blow that illustrated the dismal state Continue Reading
Analysis: China crackdown could knock crude oil import growth to 20-year low
Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to the lowest in two decades Continue Reading
Toyota Led on Clean Cars. Now Critics Say It Works to Delay Them.
The Toyota Prius hybrid was a milestone in the history of clean cars, attracting millions of buyers worldwide who could do their part for the environment while saving money on Continue Reading
China Evacuates Over 100,000 as Typhoon Hits Eastern China
Typhoon In-Fa made landfall in Eastern China on Sunday, causing the evacuation of more than 100,000 people, the cancellation of flights in and out of Shanghai and the halting of Continue Reading
Analysis: China crackdown could knock crude oil import growth to 20-year low
Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to the lowest in two decades Continue Reading
Merkel aide warns virus surge in Germany may mean curbs for unvaccinated
Chancellor Angela Merkel’s chief of staff said on Sunday he fears the number of new coronavirus cases in Germany could soar to 100,000 a day in about two months unless Continue Reading
The official pandemic death toll is horrific. The actual toll could be twice that.
The official pandemic toll is 4,140,700 deaths, but the dreadful cost is most certainly higher — perhaps twice the official estimates or more. Does it matter whether 8 or 10 million have died instead Continue Reading
Analysis: China crackdown could knock crude oil import growth to 20-year low
Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to the lowest in two decades Continue Reading
U.S. mulls crackdown on Chinese imports of Iranian oil
The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt Continue Reading
Deadly Typhoon Threatens Strategic Chinese Oil Hub
The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some of Continue Reading
China Could See Slowest Oil Import Growth In Two Decades
High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001, Continue Reading
FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks
State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013, a Joint Cybersecurity Advisory, coauthored by the Cybersecurity and Infrastructure Continue Reading
Many migrant workers stranded in Chinese cities hit by floods
For many migrant workers caught up in severe flooding in the central Chinese city of Zhengzhou, crossing town to stay with relatives in less affected areas or returning to their Continue Reading
Russia reports 23,947 new COVID cases – authorities
Russia on Saturday reported 23,947 new coronavirus cases and a repeat all-time high in the number of deaths related to the virus, at 799. Russia has been in the grip Continue Reading
Biden’s China Policy Borrows From Trump and Adds Allies to Raise Pressure
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading
China Taps Into Crude Reserves To Curb Oil Price Rally
The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to curb Continue Reading
Japan To Cut LNG, Coal In Power Sector As It Bets On Renewables
The world’s largest importer of liquefied natural gas (LNG) and one of the biggest importers of coal, Japan, aims to significantly raise the share of renewable power in its electricity Continue Reading
China aims to install over 30 GW of new energy storage by 2025
China aims to install more than 30 gigawatts (GW) of new energy storage capacity by 2025, its state planner said on Friday, as part of efforts to boost renewable power Continue Reading
Study: Chinese COVID shot may offer elderly poor protection
BUDAPEST, Hungary (AP) — A new study suggests that a Sinopharm vaccine offers poor protection from COVID-19 among the elderly, raising questions for dozens of countries that have given the Continue Reading
China Flood Death Toll Rises Along With Questions Over Infrastructure
The death toll from severe floods in central China rose to at least 33 people, local authorities said, as they grappled with the fallout from record rainstorms and faced questions over their Continue Reading
Japan faces heat over Bangladesh’s coal power
Some 4,000km from Japan, on a verdant, mangrove-lined island in south-eastern Bangladesh, sits one of the biggest and most controversial tests of Tokyo’s commitment to help phase out fossil fuels. Continue Reading
Low margins constrain China’s coal and gas fired plants amid peak summer demand
China’s power production hit all-time high in mid-July Thermal coal prices at all-time high on tight demand-supply Deep losses cap operating rates of gas-fired power plants China’s coal-fired and gas-fired Continue Reading
China to cut oil product exports to 1.07 mil mt in Aug amid tight quotas
Highlights To export 300,000 mt gasoil, 600,000 mt jet fuel 2-year high gasoline crack encourages export increase China’s oil companies plan to further slash their exports of key oil products Continue Reading
EXCLUSIVE China’s CCPC takes centre stage in Iran, Venezuela oil trade-sources
A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago Continue Reading
Warning signs for global recovery as Delta dims outlook
A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible Continue Reading
Chinese City Hit by Deadly Floods Suffered Heatwaves Days Before
Just days before devastating floods hit the central Chinese city of Zhengzhou, its province of Henan endured heatwaves that swept across several industrial regions, threatening power outages. Now the city Continue Reading
China Ramps Up Coal Production To Meet Growing Energy Demand
While the rest of the world is trying to come to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying of charges Continue Reading
China Offers Oil Reserves in Unprecedented Move to Cool Rally
China offered millions of barrels of oil from its strategic state reserves this month in an unprecedented move to try and quell inflation brought on by rising costs of everything Continue Reading
China rejects WHO plan for study of COVID-19 origin
A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus disease (COVID-19) outbreak, in Geneva, Switzerland, April Continue Reading
Death rates soar in Southeast Asia as virus wave spreads
Indonesia has converted nearly its entire oxygen production to medical use just to meet the demand from COVID-19 patients struggling to breathe. Overflowing hospitals in Malaysia had to resort to Continue Reading
Japan goes nuclear in bid to stay cool during Summer Olympics
Japan has rebooted extra power plants, including a long-dormant nuclear reactor, and taken other steps to avoid a power crisis as temperatures soar and demand for cooling surges, especially in Continue Reading
China floods: Thousands evacuated as rail stations and roads submerged
Roads and subway stations are submerged across China’s Henan province Torrential rain has caused severe flooding in parts of central China, leaving train stations and roads submerged. More than 10,000 Continue Reading
China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports
Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19 percent last month amid Continue Reading
China Faces Outages Amid Soaring Power Demand
Areas in China have started to warn residents and businesses that peak summer demand amid a heatwave could lead to outages as electricity grids buckle under peak-load surges, Bloomberg reports Continue Reading
At least 16 dead as China province deluged by heaviest rains in 1,000 years
12 die in Zhengzhou subway flood; 4 deaths reported in Gongyi Henan hit by heavy rains since weekend; more rain forecast Provincial capital Zhengzhou, dozen other cities flooded ‘Flood prevention Continue Reading
Japan boosts renewable energy target for 2030 energy mix
Japan will raise its target for renewable energy in the country’s electricity mix for 2030 as it pushes to cut emissions to meet commitments under international agreements on climate change, Continue Reading
China must cut emissions to avoid climate ‘chaos’, warns US envoy Kerry
China must cut emissions sooner if the planet is to avoid climate “chaos”, US climate envoy John Kerry has warned, telling the Financial Times that he was keen to speak Continue Reading
BHP considering exiting oil and gas business
Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, Continue Reading
Delta variant behind more than 80% of U.S. cases; vaccines still highly effective -Fauci
The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations Continue Reading
Push to get wary Russians vaccinated leaves some COVID clinics short
Alexander tried three times over 10 days to get his first dose of Russia’s Sputnik V coronavirus vaccine in his home town of Vladimir. Twice, supplies ran out as he Continue Reading
Australia’s COVID-19 lockdowns cover more than half the 25 million population
More than half of Australia’s 25 million population is under lockdown after a third state-imposed movement restriction on Tuesday to contain the spread of the highly contagious COVID-19 Delta variant. Continue Reading
China’s Changing Policies Could Create A Huge Oil Demand Deficit
Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the world’s largest Continue Reading
China Is Carrying Out the World’s Largest Climate Migration Program
Few other governments are able to enforce such mass relocations as climate change is stressing communities with drought, extreme weather, higher temperatures, and desertification. Bloomberg News Children play near the Continue Reading
Vaccine inequity: Inside the cutthroat race to secure doses
No one disputes that the world is unfair. But no one expected a vaccine gap between the global rich and poor that was this bad, this far into the pandemic. Continue Reading
Asia Fears Summer of Virus as Stocks Sell Off on Delta Concern
The spread of the highly-contagious Delta variant continued to weigh on risk assets Monday with Asian markets in the crosshairs as the region struggles with worsening outbreaks amid a slow Continue Reading
Cases Up in 49 States, Infecting the Unvaccinated: Virus Update
“The only pandemic we have is among the unvaccinated,” President Joe Biden said, with cases swelling in 49 U.S. states and hospitalizations on the rise. He said that social media Continue Reading
Delta COVID variant now dominant strain worldwide, U.S. deaths surge -officials
The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said on Continue Reading
China To Tap Coal Reserves As Prices Soar
China is set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this Continue Reading