Earthquake Blackout Points to Japan’s Fragility
“This was an extremely rare case,” said Akihiko Mayumi, the power company’s president, at a news conference. “We thought the risk of complete power failure was low.” By restarting more Continue Reading
China’s August oil imports rise 6.5 percent as teapots return to market
China’s crude oil imports rose 6.5 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners, customs data Continue Reading
US oil rig count falls by two to 860, as conference sheds light on energy sector landscape
US oil rig count fell by two to 860 on Friday as the fall conference season kicked off this past week, providing a glimpse into how exploration-and-production companies will allocate Continue Reading
India boosts purchases of Indonesian coal as prices drop: Russell
One of the standout commodity performers this year has been thermal coal, but not all coal is created equal and disparities in pricing may help explain why India’s imports have Continue Reading
Oil Imports By China’s Teapots Drop In August
Chinese teapot refineries imported 5.7 percent less crude oil in August than in July, a survey by S&P Global Platts has revealed, reinforcing a growing worry that a tax regime Continue Reading
ExxonMobil latest foreign major to invest in petchem plant, LNG terminal in China
BEIJING (Reuters) – ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas (LNG) terminal in China, Continue Reading
China seen averting winter gas shortage after cold, hard lesson
China’s demand for natural gas is set for another winter boom, but this time around the world’s biggest energy user will be better prepared to deal with risks of shortages, Continue Reading
Japan’s Cosmo Oil says no plans to load Iranian crude oil in October
Japanese refiner Cosmo Oil said Tuesday it does not plan to load any crude oil from Iran in October, while it is still monitoring the progress of bilateral talks between Continue Reading
China’s Natural Gas Imports Soar Despite Domestic Output Growth
PetroChina—the country’s largest oil and gas producer—is betting big on boosting natural gas production in line with the Chinese policy to increase its gas production and industrial and residential gas Continue Reading
Is China’s $26 Trillion New Silk Road A Debt Trap?
President Xi Jinping’s “Belt and Road” trade infrastructure project could be hitting significant bottlenecks as some countries begin to sound alarms regarding the massive debt loads their governments are incurring. Continue Reading