China extends new energy vehicle subsidies for two more years
China will extend the subsidies and tax exemption provided for the purchase of new energy vehicles, which was due to be removed by the end of this year, for another Continue Reading
China Jan-Feb oil product consumption slumps 14% on year amid coronavirus outbreak: NDRC
China’s refined oil product consumption over January-February slumped year on year amid the coronavirus outbreak, leading to a surge in exports of gasoline and jet fuel over the same period. Continue Reading
Chinese Oil Giant Forced To Postpone Canadian Drilling Campaign
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC News Continue Reading
Coronavirus: Russia includes jail terms to enforce crackdown
Strict lockdowns in Moscow have been followed up by regions across the country The Russian parliament has approved an “anti-virus” package of laws including up to seven years in prison Continue Reading
Moscow unveils coronavirus tracking app as national lockdown widens
MOSCOW (Reuters) – Authorities in Moscow unveiled a smartphone app designed to keep tabs on people who have been ordered to stay at home because of the coronavirus and Russia Continue Reading
COVID-19 Temporarily Tamps Down Unrest in the Middle East
Protest movements across the Middle East and North Africa, from Algeria to Lebanon and Iraq, have been severely impacted by the COVID-19 pandemic. The fear of the virus’ spread has Continue Reading
Can Japan’s Economy Get Any Worse? It May Soon Find Out
Even before the new coronavirus, Japan’s economy was in trouble . Exports were plummeting on slowing demand from China, and a tax increase at home was keeping shoppers out of Continue Reading
China Produces Record Amount Of “Fire Ice”
In a world awash in oil and gas, you’d think it couldn’t get any worse. Well, it can: China just announced that it had extracted a record amount of what Continue Reading
China’s Sinopec Cuts Run Rates As It Prepares For Negative Growth
China’s oil major Sinopec reduced its capital spending plan for 2020 and said it expected lower run rates this year because of the coronavirus outbreak, Reuters reported , citing a Continue Reading
China Factory Rebound Hints Worst Is Over as Stimulus Lies Ahead
A rebound in China’s manufacturing sector and a shift by government leaders to loosen the reins on borrowing suggest the worst may be over for an economy suffering its biggest Continue Reading