Kazakhstan’s Oil Production Slumps By 13%
Crude oil production in Kazakhstan, which is part of the OPEC+ output deal, plunged by 13% in August from July due to regular maintenance at one giant field and an Continue Reading
Fodder dries up for Pakistan’s cattle as floodwaters stay high
Farmers stranded by unprecedented floods that have submerged huge swathes of Pakistan are running low on feed for their cattle, officials said on Tuesday, as airdropping supplies proved a difficult Continue Reading
China’s Economic Stumbles Weigh On Metal Prices
Metal prices powered to new highs in Spring on fears that rapidly rising energy costs would restrain supply. Bad news in China, however, has squashed those concerns. China’s zero-Covid policy Continue Reading
Yunnan asks aluminium producers to cut power usage
China’s southwestern province of Yunnan has ordered producers of electrolytic aluminium to reduce their power usage this week, the companies told Reuters on Tuesday. Yunnan’s decision is another sign that Continue Reading
China Biotech Rout Shows Growing Pain From US Decoupling Drive
The latest US effort to reduce reliance on China is striking hard at the Asian nation’s biotech stocks, as investors price in more indications of decoupling between the world’s two Continue Reading
Japan’s Top Refiner Is Gearing Up for the Oil Industry’s Decline
Japan’s biggest oil refiner is drawing up plans to consolidate production as domestic demand slumps because of a shrinking population and efforts to cut emissions. Eneos Holdings Inc. has an Continue Reading
China Rust Belt Province Plans $87 Billion Clean Energy Overhaul
A northeastern province that was once one of China’s major coal and industrial hubs has launched a 600 billion yuan ($87 billion) plan to expand clean energy production. Liaoning province Continue Reading
China’s Covid Lockdowns Are The Single Biggest Threat To Oil Markets
Draconian Covid-related lockdowns have a direct and significant effect on China’s economic growth. The extended Covid-19 lockdown in Chengdu last week has led to a sharp selloff in crude oil Continue Reading
Pakistan races to keep floodwaters out of power station that supplies millions
Authorities in Pakistan are scrambling to protect a vital power station supplying electricity to millions of people against a growing threat of flooding, officials said on Monday, taking steps such Continue Reading
India may need up to 28 GW in new coal-fired plants, advisory body says
A worker carries coal in a basket in a industrial area in Mumbai, India May 31, 2017. REUTERS/Shailesh Andrade/File Photo NEW DELHI, Sept 12 (Reuters) – India may need up Continue Reading