China’s state-owned CNOOC has declared force majeure on LNG contracts, a source close to company said Thursday, as the country’s largest LNG importer tackles disruptions in downstream markets in Continue Reading
Noriko Hayashi for The New York Times Just beyond the windows of Satsuki Kanno’s apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: a coal-burning power Continue Reading
Donald Trump’s top economic adviser has said that China’s purchases of $2oobn in US products under the “phase one” trade agreement could be delayed because of the coronavirus outbreak, even though Continue Reading
China’s leader, Xi Jinping, has signaled a more assertive strategy for dealing with the coronavirus epidemic after days of seeming to retreat from center stage. His convening of a second Continue Reading
Jialun Deng Wuhan’s mayor blamed higher-ups. A senior disease control official blamed layers of bureaucracy. A top government expert blamed the public: The people, he said, simply didn’t understand what Continue Reading
Commodity trading houses and oil majors are scrambling to find spot buyers for crude oil outside China, where demand is depressed because of the coronavirus outbreak and where some buyers Continue Reading
The coronavirus outbreak in China has forced several countries to resort to stringent quarantine checks in their battle to contain the spread and the measures are starting to have a Continue Reading
China’s Commerce Ministry said on Wednesday it will ask various industry associations in the country to help foreign firms affected by the virus outbreak get force majeure certificates. The ministry, Continue Reading
As deaths approach 500, no sign of a slowdown in China. The death toll from the monthlong coronavirus outbreak has continued to climb in China, rising to 490. New cases Continue Reading
China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining sources and analysts Continue Reading
