Dalian coking coal hits 13-month high amid safety checks
Chinese coking coal prices hit a 13-month high on Friday, spurred by expectations of short supply due to safety inspections at coal mines and firm demand at steel mills. The Continue Reading
China’s Hebei to ensure clean coal supply for 2018-2020 winters
China’s Hebei province has said it will ensure sufficient supplies of clean coal during the next three winters to avoid heating fuel shortages and reduce toxic air emissions. Several regions Continue Reading
Drought to cut east Australia crop output in half from 20-year average
Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, Continue Reading
China’s Currency Creeps Toward Decade Low Against Dollar
After a nearly 7% selloff so far this year, the yuan is at the brink of hitting 7 per dollar—a symbolic threshold that could spark further selling—if Chinese businesses and Continue Reading
Top Chinese Refiners Not Booking Iranian Oil For November
China’s largest refiners, state-held Sinopec and China National Petroleum Corporation (CNPC), haven’t booked any crude oil cargoes from Iran for November due to fears that in doing so, they would Continue Reading
$40 Billion Ichthys LNG Project Begins Gas Exports
France’s oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) from the Ichthys LNG project offshore Western Australia had left the port Continue Reading
This Landmark LNG Deal Will Change Energy Geopolitics Forever
China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global Continue Reading
Vietnam’s Oil Production To Drop 10% Annually By 2025
Depleting mature fields and lack of new exploration and investment will result in Vietnam’s crude oil production declining by 10 percent every year until 2025, the state-run Vietnam Oil and Continue Reading
China’s CNOOC, Shell sign MOU to build integrated petchem plant in Huizhou
China National Offshore Oil Corporation, or CNOOC, and Shell International Petroleum Company Limited signed a memorandum of understanding to build an integrated petrochemical site at the Nanhai site in Huizhou, Continue Reading
Global steel output rose 4.4 percent year-on-year in September
Global crude steel production rose 4.4 percent to 152 million tonnes in September from the same month a year ago, figures from the World Steel Association showed on Wednesday. Crude Continue Reading