June gasoline exports seen capped at 227,000 b/d Slower-than-expected demand recovery adds to inventory buildup China’s gasoline and gasoil exports are likely to remain muted in June as Beijing is Continue Reading
Russian officials have raised increasingly frustrated requests for greater support during discussions with Beijing in recent weeks, calling on China to live up to its affirmation of a “no limits” Continue Reading
California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up goods Continue Reading
Key gauges of activity at European and Asian factories remained under pressure in May from China’s economic slowdown and the fallout from the war in Ukraine. New orders in the Continue Reading
The opening of Tesla’s Shanghai factory in 2019 was a breakthrough for electric vehicles and for overseas carmakers: it was the first wholly foreign-owned plant in the world’s largest car Continue Reading
The World Health Organization has cast doubts on North Korea’s claims of progress in the fight against a COVID-19 outbreak, saying it believes the situation is getting worse, not better, Continue Reading
China has declared victory in defending Shanghai from the coronavirus pandemic, underscoring Beijing’s unrelenting commitment to its zero-Covid strategy despite the economy teetering on the edge of recession and millions Continue Reading
Following two months of frustration, despair and economic loss, Shanghai’s draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most Continue Reading
A severe slowdown for China’s economy during a year of acute political sensitivity for Chinese leader Xi Jinping is testing the credibility of Beijing’s official economic data. Figures this month Continue Reading
China’s purchasing managers’ index rose to 49.6 this month from 47.4 in April. Relaxing COVID measures in some of China’s industrial hubs may stimulate crude demand. For May, Russian seaborne Continue Reading
Highlights About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first Continue Reading
China will aim to ensure that its grids source about 33% of power from renewable sources by 2025, up from 28.8% in 2020, the state planning agency said on Wednesday Continue Reading
In 2020 and 2021, when the coronavirus pandemic forced much of the world’s population to spend more time at home, Chinese exports of laptops recorded double-digit percentage growth. The boom Continue Reading
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by Continue Reading
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns Continue Reading
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement Continue Reading
Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has throttled the national economy and largely bottled up Continue Reading
Economic activity in China declined for a third straight month in May, though at a slower pace than in April, according to surveys of businesses and factories. But while the Continue Reading
A nearly yearlong shakeout in China’s housing market is throwing up some clear winners: state-owned developers. As former industry leaders from China Evergrande Group to Sunac China default on their Continue Reading
Europe’s race to replace Russian gas supply has threatened Australia’s plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Continue Reading
Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion. Construction is expected Continue Reading
Streets in Beijing were busier on Monday as residents in two districts were allowed to return to work, while Shanghai inched closer towards lifting its two-month-old COVID-19 lockdown from Wednesday, Continue Reading
Japan’s Toyota Motor Corp (7203.T) on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest Continue Reading
Japan’s top three automakers saw their output in China slashed by double digits in April, highlighting the toll Shanghai’s lockdown is taking on manufacturers operating in the world’s biggest car-producing Continue Reading
China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed Continue Reading
Mike Cannon-BrookesPhotographer: Patrick T. Fallon/Bloomberg An Australian billionaire’s success in forcing AGL Ltd. to scrap a breakup plan and its top executives to step down may shake the status quo Continue Reading
Shanghai said on Sunday “unreasonable” curbs on businesses will be removed from June 1 as it looks to lift its COVID-19 lockdown, while Beijing reopened parts of its public transport Continue Reading
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
On a balmy Sunday night, residents of an upscale Shanghai compound took to the streets to decry lockdown restrictions imposed by their community. By the following morning, they were free Continue Reading
China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand Continue Reading
India and China have stepped up purchases and are importing record volumes of Russian crude. some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep Continue Reading
China’s strict Covid-19 containment strategy is suppressing the country’s consumer demand and manufacturing output. The economic slowdown caused by this containment strategy poses a challenge for emerging economies that export Continue Reading
Three days before a vote to choose their region’s next governor, a handful of residents in Kashiwazaki, a sleepy coastal town in northern Japan, stood by a road to hear Continue Reading
China’s oil trading giant Unipec has significantly increased the number of hired tankers to ship a key crude from eastern Russia. China International United Petroleum & Chemical Co., better known Continue Reading
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Highlights Utilizations only rise in low-risk regions like Sichuan Refining margin up on cheap feedstock, but domestic sales slow More export quotas to ease stock pressure China’s crude throughput is Continue Reading
China’s economy is in some respects faring worse than in 2020 when the pandemic first emerged, Premier Li Keqiang said, urging efforts to reduce a soaring unemployment rate. “Economic indicators Continue Reading
China’s Central Bank, Regulator Urge Banks to Boost Lending Bloomberg News Two of China’s biggest provinces are raising power rates for factories amid increased environmental scrutiny and higher fuel costs, Continue Reading
China’s plans for 169 new and expanded coal projects could boost global methane emissions from mines that produce the dirtiest fossil fuel by 10% and jeopardize its own short-term climate Continue Reading
A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of Continue Reading
China’s commitment to Covid Zero means it’s all but certain to miss its economic growth target by a large margin for the first time ever. Economists’ median forecast for gross Continue Reading
Growing complacency about Covid-19 and politicisation of the pandemic response will cost lives as the world is hit by new waves of the virus in the coming months, Pfizer’s chief Continue Reading
Tesla Inc. is isolating thousands of workers in disused factories and an old military camp in China to ensure they’re Covid-19 free, part of a large-scale plan by the electric-car Continue Reading
China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best Continue Reading
Health workers at a hospital across a residential area under lockdown due to Covid-19 in Beijing on May 22. Beijing and Tianjin continue to ramp up Covid restrictions as cases Continue Reading
President Biden opened the second chapter of his Asia tour Monday with several moves — some choreographed, others apparently not — signaling a more confrontational approach to China in matters Continue Reading
Highlights Independent refineries attracted by heavily discounted Urals Prices are still above Beijing’s expectations to replenish SPRs Run rates at independent refiners recover as margins improve Hefty discounts on Russian Continue Reading
China’s state spending on industrial subsidies is much higher than in seven other major economies analyzed in the report. China spends much more in helping favored industries with state-directed funds, Continue Reading
New Australian PM says climate action “shouldn’t be controversial” Australia’s new leader has vowed to take the country in a new direction, with a big shift in climate policy. Anthony Continue Reading
