China’s independent refiners have been discreetly buying Russian oil at steep discounts as western countries suspend their own purchases and explore potential embargoes because of the war in Ukraine. An Continue Reading
The Chinese capital Beijing shut dozens of metro stations and bus routes on Wednesday in its campaign to stop the spread of COVID-19 and avoid the fate of Shanghai where Continue Reading
North Korea’s office workers and factory laborers have been dispatched to farming areas around the country to join a fight against drought, state media reported on Wednesday, amid concerns over Continue Reading
The central Chinese city of Zhengzhou announced on Tuesday it would impose new COVID-related movement curbs for May 4-10. Schools in the main city district will go online, while employees Continue Reading
Some of Shanghai’s 25 million people managed to get out on Tuesday for short walks and shopping after enduring more than a month under a COVID-19 lockdown, while China’s capital, Continue Reading
Highlights New gasoline, gasoil, jet fuel quota allocations unlikely until H2 Beijing aims to issue new fuel oil export quotas soon Refineries will increasingly need to adjust product slates China Continue Reading
Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior U.S. officials say they have not detected overt Chinese military and economic support, Continue Reading
India has asked state and private sector utilities to ensure delivery of 19 million tonnes of coal from overseas by end-June, according to a power ministry letter, reflecting an urgency Continue Reading
India’s state-run electricity giant NTPC Ltd. plans to expand its coal-fired power fleet with a first new project in six years, a policy shift that reflects alarm over the nation’s Continue Reading
German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate goals after meeting its Prime Minister Narendra Modi in Berlin on Monday, but the Continue Reading
India’s electricity demand touched a record high in April as its northern states reeled under the hottest pre-summer months in decades, with a surge in the use of air conditioning Continue Reading
A jump in prices has seen growth stall in India’s sales of gasoline and diesel. The three biggest retailers in April sold just 0.3% more diesel than in March and Continue Reading
. A blistering heat wave has scorched wheat fields in India, reducing yields in the second-biggest grower and damping expectations for exports that the world is relying on to alleviate Continue Reading
China’s commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under lockdown, while Beijing pressed on with testing millions of Continue Reading
The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the food industry in a sign Continue Reading
China Maintains Covid Fight as Lockdowns Pummel Economy A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to Continue Reading
Contemporary Amperex Technology Co. Ltd. easily maintained its pole position as the world’s biggest maker of electric-car batteries as of the end of March with its share edging slighter higher Continue Reading
Covid-19 lockdowns in Shanghai have added pressure to supply-chain issues. Throttled by Beijing’s zero-tolerance approach to Covid-19, China’s economy is facing a spell of slower growth. Economists are toying with Continue Reading
Discontent has been widespread on Chinese social media ever since Shanghai started a rigid lockdown in late March. Now, it is moving into the real world. Sharply falling case numbers Continue Reading
The coronavirus pandemic is creeping closer to the halls of power in Beijing as authorities rush to avoid an uncontrolled Shanghai-style Omicron outbreak in China’s capital. Beijing is tightening coronavirus Continue Reading
Coronavirus cases are surging again in South Africa, and public health experts are monitoring the situation, eager to know what’s driving the spike, what it says about immunity from previous Continue Reading
The authorities in Beijing on Monday said that they had reopened a mass coronavirus isolation center, the latest in a raft of measures to try to stave off a citywide Continue Reading
Saudi Arabia will extend an oil loan facility to Pakistan and is considering rolling over dollar deposits as the South Asian nation looks to rein in one of Asia’s highest Continue Reading
China’s state planner warned domestic thermal coal producers and traders on Saturday not to hoard stock or engage in a list of other practices that it said amounted to pushing Continue Reading
Macau’s gaming revenue slump deepened in April, plunging 68% from a year earlier to the lowest level in about 18 months as the world’s biggest gambling hub suffers from a Continue Reading
Many Chinese are marking a quiet May Day holiday this year as the government’s “zero-COVID” approach restricts travel and enforces lockdowns in multiple cities. All restaurants in Beijing are closed Continue Reading
Chinese regulators have held an emergency meeting with domestic and foreign banks to discuss how they could protect the country’s overseas assets from USled sanctions similar to those imposed on Continue Reading
Covid-19 lockdowns across China are shaking western multinationals’ production lines, snarling supply chains and threatening financial forecasts as Beijing steps up its effort to contain a surge in coronavirus cases. Continue Reading
As the lockdown of Shanghai and outbreaks in Beijing and elsewhere batter the economy, China’s leader keeps a distance from the politically charged issue. A worker registering for a Covid Continue Reading
China and the United States are racing for control over the global electric and autonomous vehicle supply chains. The countries that take the lead in this race may very well Continue Reading
As new Omicron variants further infiltrate the U.S., a jumble of signals suggest the latest increase in Covid-19 infections hasn’t sparked a commensurate surge in severe illness even as risks Continue Reading
India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its Continue Reading
A record-breaking “heat dome” across northwest India has worsened a severe shortage of coal for power generation and raised the risk of blackouts at hospitals in New Delhi, according to Continue Reading
China’s economic activity contracted sharply in April as the lockdown of Shanghai and other areas around the country to contain a widespread Covid-19 outbreak closed factories, snarled roads and stopped Continue Reading
Coronavirus cases and hospitalizations are rising in a majority of American states, in what appears to be the first widespread increase since the peak of the Omicron surge in January. Reports Continue Reading
Iran’s oil exports jumped by 30 percent from last year to 870,000 barrels per day (bpd) in the first quarter of 2022, The Wall Street Journal reported on Thursday, citing Continue Reading
An unusually early, record-shattering heat wave in India has reduced wheat yields, raising questions about how the country will balance its domestic needs with ambitions to increase exports and make Continue Reading
India’s severe heat waves are expected to stretch into early next month, meaning millions of people will have to endure more days of dangerous temperatures and hours-long blackouts . The Continue Reading
A spate of high-profile battery fires is undermining India’s bid to become a leader in electric vehicles, particularly in the ubiquitous two-wheelers that ply the country’s traffic-clogged roads. Social media Continue Reading
China’s oil demand is expected to stay weak heading into May as COVID-19 lockdowns across the country curtail travel plans during the Labour Day holiday season, analysts and traders say. Continue Reading
The renminbi is set to close out its steepest monthly fall on record as China’s economy reels from severe Covid-19 lockdowns and the US Federal Reserve prepares to raise interest Continue Reading
Western sanctions on Russia are beginning to sting, despite President Vladimir Putin suggesting otherwise. Inflation in Russia is expected to soar to 22% this year, with the IMF chief economist Continue Reading
Spot LNG cargoes, term contract volumes heard being resold China’s March LNG imports fall 18% on year Trucked LNG prices for coastal terminals, inland plants fall on weak demand China, Continue Reading
Apple executives warned that the group could sustain a hit of up to $8bn in the current quarter from headwinds including supply chain shortages and factory shutdowns in China, underscoring Continue Reading
Summer began early this year in India Millions of Indians are experiencing a brutal heatwave that is throwing lives and livelihoods out of gear – and there is no relief Continue Reading
Utility stockpiles sufficient for seven days Rangebound freight may be aiding trades: trader Buyers benefit from elevated spot market tariff Indian thermal coal buyers have started to pay very high Continue Reading
The liquefied natural gas terminal at the Yangshan Deepwater Port in Shanghai, China. Bloomberg News Strict measures to halt the spread of Covid have slowed the growth of commercial natural Continue Reading
Daily life in Shanghai has ground to a halt as parts of the city’s social services collapsed under the weight of a strict citywide Covid-19 lockdown that is stretching into Continue Reading
Wheat area may fall 4% on year, yields seen down 18% on year Area, yields seen declining on rising fertilizer costs 2022-23 wheat exports seen falling 20% to 22 million Continue Reading
Asian 2022 oil demand growth to be softer than earlier expected China’s demand destruction taking a toll on Asian consumption India, Korea oil demand uptrend overshadowed by China’s woes Asia’s Continue Reading
