Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of Continue Reading
Xi Says China Has ‘No Limits’ Partnership With Russia China will continue strengthening strategic ties with Russia, a senior diplomat said, showing the relationship remains solid despite growing concerns over Continue Reading
Japan raised its gasoline subsidy for oil distributors to the maximum figure of 25 yen ($0.1944) a litre for the seven days from April 21, up from 20.3 yen a Continue Reading
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the Continue Reading
Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14%, Reuters’ calculations Continue Reading
China’s commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts on Wednesday, fanning hopes that the tide is turning in its pandemic battle, as Continue Reading
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
Shanghai allowed 4 million more people out of their homes Wednesday as anti-virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast of Continue Reading
Automobile makers face production hurdles amid pandemic Raw material, auto parts shortages reported The automobile manufacturers in Shanghai are likely to restart production in the week ending April 23, although Continue Reading
China’s economic growth accelerated in the first quarter. Still, retail sales contracted and new-home sales fell in March. John Liu reports. Bloomberg News Sign up for the New Economy Daily Continue Reading
