Thousands of Tesla Inc. workers in Shanghai will be able to return to their homes from Friday, exiting a factory bubble set up to maintain operations during the city’s recent Continue Reading
China’s appetite for many of its key commodities remained subdued in May as a cocktail of surging international prices and domestic virus restrictions, including the city-wide shutdown of Shanghai, sapped Continue Reading
Chinese exports to the rest of the world surged in May as Covid-19 restrictions eased, adding to signs of recovery in the world’s second-largest economy after months of punishing pandemic Continue Reading
Tough restrictions in scores of cities have driven the country to the edge of recession for just the second time in three decades. But even though measures have been eased Continue Reading
China’s crude oil imports in May extended the continuous monthly recovery and gained 3.1% from April to 10.84 million b/d, data from the General Administration of Customs showed June 9. Continue Reading
Russia’s Rosneft (ROSN.MM) is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales Continue Reading
Pakistan will reduce its official work week to five days from six in a bid to reduce energy and fuel consumption as part of an energy conservation plan approved by Continue Reading
Asia’s refining margins for diesel hit a fresh record on Tuesday but may start cooling off as early as next month as refiners ramp up output and the upcoming monsoon Continue Reading
Thousands of truck drivers in South Korea have gone on strike at some ports and container depots in the country, threatening to slow the export of goods from the Asian Continue Reading
Highlights India recently allowed 469,000 mt wheat exports Traders anxious after Turkey rejected Indian vessel Wheat-fertilizer swap deal with Egypt in focus India’s May exports fall 23% on month after Continue Reading
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia Continue Reading
Australia, one of the world’s largest wheat exporters, is forecast to produce another huge harvest this season as favorable conditions encourage growers to ramp up planting of winter crops to Continue Reading
China has issued 4.5 million tonnes of quotas for refined fuel exports, sources told Reuters on Tuesday, a top-up to the first issue for 2022 to ease high domestic inventories Continue Reading
Officials in a Chinese city on the border with North Korea say they can’t figure out where persistent new Covid-19 infections are coming from — and suspect the wind blowing Continue Reading
China has devised a new incentive to boost elderly vaccinations to levels that could finally allow the country to relax its zero-Covid strategy and revive the economy: insurance packages for Continue Reading
Dreams are unrealistic, impractical, demanding – but absolutely essential to living a rich and fulfilling life, Ralph Marston once said. But what if a dream is too good to be Continue Reading
China’s independent refining sector’s feedstock imports in May tumbled to a 34-month low as the prolonged lockdown in major cities capped crude buying. Inflows could improve in June as COVID-19 Continue Reading
Expects 9% increase in gas exports in 2022 Investment needed to raise output, export capacity European gas prices boosting investment case for Azerbaijan Azerbaijan is ready to ship gas to Continue Reading
Since Monday, the national average for a gallon of regular gasoline has increased by nine cents to $4.71. According to new data from the Energy Information Administration (EIA), total domestic Continue Reading
Kazakhstan is changing the name of the oil it exports via Russian seaports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order Continue Reading
Few options to immediately increase Azerbaijan’s oil output Transit of non-Azeri crude via BTC pipeline growing Crude production is far below its OPEC+ quota Azerbaijan is benefiting from the EU’s Continue Reading
Pakistan’s foreign exchange reserves fell below $10 billion, threatening to spillover into a fullblown economic crisis unless policy makers secure a loan from the International Monetary Fund. The stockpile decreased Continue Reading
India’s dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, restricting optimism and weighing on consumers’ pocketbooks, Continue Reading
India reported 4,041 new Covid-19 infections on Friday — the highest single-day jump since March 11 — stoking fears of another wave building up in some parts of the densely-populated Continue Reading
7.01 GW capacity set to be commissioned in 2022-23 39 thermal coal plants under construction India added 8 plants with 4.49 GW capacity in 2021-22 India is expected to commission Continue Reading
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
There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high Continue Reading
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% Continue Reading
Pakistan aims to sign a long-term liquefied natural gas purchase deal in a bid to secure future supply and ease crippling blackouts. The South Asian nation intends to float a Continue Reading
Pakistan ’s headline inflation quickened to the highest level in more than two years in May on rising food and fuel prices amid a weakening currency. Consumer prices rose 13.8% 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
Sri Lanka’s headline inflation quickened more than expected in May amid continuing food and fuel shortages, even as the country struggles to lift itself out of its worst economic crisis. Continue Reading
Plans to help save 34.7 million mt coal Estimated carbon emission reduction by 60.2 mil mt Move aimed at meeting green energy targets India’s federal power ministry plans to reduce 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
