China to cut coal import tariffs to zero from May 1
China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the finance ministry said on Thursday, as Beijing strives to Continue Reading
Fauci says U.S. is out of coronavirus ‘pandemic phase’
The United States is finally “out of the full-blown explosive pandemic phase” that has led to nearly 1 million deaths from covid-19 and more than two years of suffering and Continue Reading
India power minister tells states to step up coal imports for 3 years – sources
India’s power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global Continue Reading
For coal-starved India, a free-trade deal with Australia is a blessing in disguise
The timing could not have been better: Indian coal importers have been scouring for cargoes in a tight and expensive global market, and along comes an opportunity to access precious Continue Reading
China’s capital in race to detect COVID cases, avoid Shanghai’s distress
Millions of people in Beijing took their second COVID-19 tests of the week on Wednesday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiralling Continue Reading
Yuan Losses Have Room to Run as Covid Puts Economy Under Siege
The yuan’s sudden slide will gather pace over the next few months as markets price in a worsening outcome for the Covid-stricken economy, analysts say. Analysts from Credit Agricole CIB Continue Reading
Japan’s Leader Says Nuclear Power Should Be Reconsidered as Energy Costs Soar
Japan’s Prime Minister Fumio Kishida said the country must consider using more nuclear power, as the import-dependent nation grapples with rising fuel prices and a weak yen. Regulations in place Continue Reading
Chinese stocks notch steepest monthly loss in 6 years as lockdowns hit growth
China’s zero-Covid policy has put the country’s stocks on track for their steepest monthly loss in six years, as investors and analysts warn of deeper falls to come on concerns Continue Reading
China policymakers clash over how to counter property slump
Chinese regulators led by vice-premier Liu He are concerned that the government is underestimating the economic impact of its crackdown on the property sector and Covid-19 lockdowns in Shanghai and Continue Reading
Can Japan Keep the Lights On? The Ukraine War Upends a Big Energy Bet.
In 2018, when the power company Hope Energy entered Japan’s new retail electricity market, it thought it had a surefire strategy. Wholesale energy was becoming ever cheaper as liquefied natural Continue Reading
China’s Covid Lockdown Outrage Tests Limits of Triumphant Propaganda
Public anger and grief over the bungled lockdown in Shanghai is creating a credibility crisis for the country’s leader, Xi Jinping, and his zero Covid policies. A banner reading “Persistence Continue Reading
More Than Half of People in U.S. Likely Had Covid-19, CDC Says
As fourth doses of Covid vaccines roll out, some are questioning whether the general population needs them. At the center of this debate are mysterious T-cells. WSJ’s Daniela Hernandez explains Continue Reading
Russia and India in talks to restart coking coal supplies
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
Covid Live Updates: Testing, Lockdowns, and More News
Families in Beijing rushed to stock up on food. Supermarkets stayed open late. Residents endured long lines for mandatory testing. China’s stock markets plunged.A fresh coronavirus outbreak in China’s capital Continue Reading
China Is Running Out of Ways to Stem Self-Made Market Meltdown
Chinese authorities are trying to reassure financial markets battered by a worsening growth outlook and rising Covid lockdowns. China looks increasingly left to its own devices in a bid to Continue Reading
Fears of Yet More Inflation Hound Markets as China Tackles Covid
China’s Central Bank Seeks to Calm Markets with Support Pledge China’s Covid crisis is giving fresh impetus to the worries about inflation that have dogged global markets this year. The Continue Reading
China Orders Top Coal Region to Ensure Supplies to Coastal Hubs
China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages. Miners in Shanxi have Continue Reading
Cooking-Oil Chaos Exacerbates a Looming World Hunger Crisis
Indonesia is halting palm oil exports in the midst of high inflation, weather woes and tight supplies Hundreds of people line up to get cooking oils in Palembang, Indonesia on Continue Reading
Panic buying in Beijing as district starts mass COVID testing
Beijing kicks off first of three rounds of mass testing in populous district Mass testing fuels concerns of shortages of food, supplies Chinese stock market down on fears Beijing may Continue Reading
Ships Refueling in China Show How Congestion Is Reshaping Demand
Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes. China supplied 4.9 million metric Continue Reading
The Rich, Black Soil That Fed a Growing China Is Washing Away
In China, the fertile soil is a product of the region’s geography and its special history. A Mao-era campaign to end famine tapped the country’s most fertile land. Now President Continue Reading
China’s Covid Lockdowns Stir Memories of a Planned Economy
Yang Wenhui should be a proud example of China’s rise from economic rubble to global powerhouse. Growing up poor, he ate so much cabbage that he didn’t touch it again Continue Reading
Shanghai fences up COVID-hit areas, fuelling fresh outcry
Shanghai authorities battling an outbreak of COVID-19 have erected fences outside residential buildings, sparking a fresh public outcry over a lockdown that has forced much of the city’s 25 million Continue Reading
The Drive to Vaccinate the World Against Covid Is Losing Steam
Rates are stalling in most low-income countries well short of the W.H.O.’s goal to immunize 70 percent of people in every nation. Some public health experts believe the momentum is Continue Reading
India Proposes Battery-Swap Plan for Electric Bikes, Rickshaws
India proposed a battery-swapping program to expedite the adoption of electric scooters and rickshaws as it tries to curb pollution and tackle climate change. The policy, which will be valid Continue Reading
India’s Reliance Snaps Up 15 Million Barrels Of Cheap Russian Oil
Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday, citing Continue Reading
Indonesia’s Indrawati says palm oil export ban will hurt other countries, but necessary
Indonesia’s new palm oil export ban will hurt other countries but is necessary to try to bring down the soaring domestic price of cooking oil driven up by Russia’s war Continue Reading
Anger mounts among locked-down Shanghai residents as city reports more COVID deaths
China’s major financial hub of Shanghai reported more new COVID-19 related deaths on April 22, as residents vented their anger over a harsh lockdown and strict censorship online. Shanghai’s full-city Continue Reading
What Shanghai Is Going Through Is News to Many in the Rest of China
For weeks, Shanghai has made international headlines as a Covid-19 outbreak has forced the city’s 25 million residents to lockdown in their homes, many in severe distress over how to Continue Reading
China’s Covid strictures scupper hopes of property revival
Li Huixiang, a property broker in the central Chinese city of Zhengzhou, had been looking forward to a bumper March. In an effort to boost the city’s flagging property sector Continue Reading
Chinese Oil Demand Set For 1.2 Million Bpd Plunge In April
China’s crude demand in April is expected to have declined 1.2 million bpd year-on-year. China’s gasoline, diesel, and jet fuel demand is set for a 20-percent plunge this month compared Continue Reading
China reduces inflow of Russian crude
China’s reliance on Middle Eastern crudes grew sharply in the first quarter of 2022, as the country reduced inflows from Russia, Brazil and the US, data from the General Administration Continue Reading
Indonesia bans palm oil exports as global food inflation spikes
India trade group U.S. urges cooperation rather than export bans Indonesian govt under pressure to control cooking oil prices Global prices at records this year after Indonesian curbs Edible oils Continue Reading
India’s Coal Supply Shock Causes Major Power Outages
The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due to a major increase in Continue Reading
Nerves fray, frustration grows in Shanghai’s lockdown purgatory
Stiffening resolve after three weeks of strict lockdown, authorities warned Shanghai’s 25 million frazzled residents on Friday that their purgatory would go on until the COVID-19 virus was eradicated neighborhood Continue Reading
China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown
Fuel consumption in April to drop 20% from year ago: sources Shanghai vows to step up enforcement of Covid-19 restrictions Near-empty roads during a Covid-19 lockdown in Shanghai, on April Continue Reading
With coal surge, China puts energy security and growth before climate change
When will China build its last coal-fired power plant? That’s the question environmental advocates have been asking ever since Chinese leaders pledged ahead of climate negotiations in Glasgow, Scotland, last Continue Reading
Shanghai escalates Covid lockdown restrictions
The latest round of measures includes mass disinfection of homes and preventing those infected from leaving their residences Authorities in Shanghai have said they will tighten the enforcement of lockdown Continue Reading
China Is Choosing Energy Security Over Its Climate Goals
While China is making some major investments in solar and wind, it is struggling to shed its reliance on coal. Soaring demand has made it especially difficult for China to Continue Reading
China shelves plans to build 15 coal plants abroad after ban on funding: study
Another 37 GW capacity could be stopped 18 projects with 19.2 GW capacity in grey area Under-construction projects should proceed cautiously: NDRC China has shelved plans to build 15 coal Continue Reading
China Energy Giants in Talks for Shell’s Russian Gas Stake
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Pakistan looks for alternatives as South African coal remains out of bounds
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
Eight-Hour Blackouts Hit India After Hottest March on Record
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
India’s big industrial states plan massive coal imports to stave off shortages
Three of India’s most industrialized states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push Continue Reading
Shanghai people ‘not free to fly’ out of homes as COVID cases tick back up
Shanghai authorities said on Thursday that tough restrictions would remain in place for now even in districts that managed to cut COVID-19 transmission to zero, prolonging the agony for many Continue Reading
China Sales Index Falls to 22-Month Low During April Lockdowns
China’s economic activity took a dramatic hit in April, according to a survey of sales managers that offered an early indication of how badly expansive Covid lockdowns weighed on the Continue Reading
Surprisingly low Shanghai COVID death count spurs questions
Lu Muying died on April 1 in a government quarantine facility in Shanghai, with her family on the phone as doctors tried to resuscitate her. She had tested positive for Continue Reading
Chinese credit card processor rebuffs Russian banks
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Continue Reading
Market forecasts China’s 2022 soybean demand falling up to 6% as feed requirements dip
Demand for soybeans from China — the world’s biggest importer of soybeans — is forecast to fall 3.5%-6.1% year on year in 2022 due to lower demand from the downstream Continue Reading
For oil refiners, now is the summer of distillate content
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