China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect Continue Reading
Exports dropped 7.7% in March even as total shipments rose Imports rose 26.4%, with rising energy prices likely a factor Bloomberg News China’s exports to Russia slumped in March after Continue Reading
One of the world’s largest electronics manufacturing hubs near Shanghai is grinding to a halt, aggravating China’s economic worries and exacerbating disruption to global supply chains. Dozens of producers of Continue Reading
Long before the “zero Covid” policy, China had a “zero sparrow” policy. In the spring of 1958, the Chinese government mobilized the entire nation to exterminate sparrows, which Mao declared Continue Reading
With all of the chaos taking place in Shanghai as a result of a new round of mysteriously overbearing Covid lockdowns, there has been very little attention paid to Tesla’s Continue Reading
China’s metallurgical coal supply is expected to remain limited in the second quarter of 2022, as coking sector’s inventories deplete and Mongolian coal suppliers face logistical hurdles, industry sources said Continue Reading
Highlights Q1 crude imports fall 8% on year Crude imports in April, May to fall March oil product exports drop 40% on year China’s crude oil imports in March rose Continue Reading
2021 was the deadliest year in U.S. history, and new data and research are offering more insights into how it got that bad. The main reason for the increase in Continue Reading
Indian Oil Corp (IOC) (IOC.NS) has excluded several high-sulfur crude grades, including the Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants Continue Reading
Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials Continue Reading
India ramped up crude oil purchases from Russia despite warnings from Washington not to do so. India’s relations with the U.S. seemed to have improved during a brief struggle with Continue Reading
China’s Premier Li Keqiang issued a third warning about economic growth risks in less than a week, suggesting heightened concern about the outlook as widespread Covid lockdowns disrupt production and Continue Reading
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases Continue Reading
China’s factory-gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest Continue Reading
IPhone assembler Pegatron Corp. suspended production at its Chinese plants in Shanghai and Kunshan as the country’s policies to control the worst virus outbreak in two years disrupt global supply Continue Reading
Some residents of Shanghai were allowed out of their homes as the city of 25 million eased a two-week-old shutdown Tuesday after videos posted online showed what was said to Continue Reading
China is defending its Zero-Covid strategy as the U.S. asks Americans to reconsider travel to China. Bloomberg News China’s largest Covid-19 outbreak in two years continues to spread despite an Continue Reading
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths Continue Reading
Shanghai eased a lockdown for 43% of its housing complexes, a sign the financial hub is tentatively exiting an unprecedented disruption that strained the economy and wrought havoc on residents’ Continue Reading
Bulk carrier positions as of April 11 mapped in yellow Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain Continue Reading
The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the Continue Reading
Inflation in China picked up in March as soaring global commodity prices and lockdowns in major cities drove up prices for consumers and businesses. The overall inflationary picture in China Continue Reading
Chinese refineries will slash throughput in April and lift oil product exports from initial plans to compensate for falling domestic demand due to COVID-19 lockdowns. As a result, 10 refiners Continue Reading
Russian President Vladimir Putin’s decision to invade Ukraine probably sabotaged any further aspirations for the Sputnik coronavirus vaccine, the first injection approved by any country. Manufacturing of the vaccine has slowed, further Continue Reading
Shanghai carried out another round of mass COVID-19 testing on Saturday, this time testing residents at least twice in a single day, as a city official in China’s financial hub Continue Reading
Covid cases in Shanghai hit their highest level yet as authorities in the locked-down city stepped up their battle to suppress China’s worst outbreak in two years. Shanghai, which is Continue Reading
Japanese gas companies are preparing plans to source liquefied natural gas from Malaysia, Australia and the US in case of what they fear could be looming disruption of supply from Continue Reading
A series of deaths at a hospital for elderly patients in Shanghai is underscoring the dangerous consequences of China’s stubborn pursuit of a zero-COVID approach amid an escalating outbreak in Continue Reading
Some of the world’s biggest automakers are linked through their suppliers to labor programs in China’s Xinjiang region that experts have flagged as coercive, according to a new report by Continue Reading
After two years of relying on broad, hard-edged lockdowns to control Covid-19, Chinese leader Xi Jinping tried something new in Shanghai. Mindful of the economic toll and public anger from Continue Reading
Highlights Reducing Russian coal imports in phases by finding alternative suppliers Japan steps into reducing overall Russia energy dependency including oil: PM Russia accounts for 11% of coal imports as Continue Reading
With coronavirus lockdowns, a real estate downturn, and surging oil prices stemming from Russia’s invasion of Ukraine, Chinese President Xi Jinping is turning to reliable allies to keep his ambitious Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
Manufacturers are struggling to keep some of their China operations going as extended and widening Covid-19 lockdowns choke off supplies and clog up truck routes and ports, heaping more pressure Continue Reading
Nearly a week into a citywide lockdown to combat a Covid-19 outbreak , many of Shanghai’s 25 million residents turned to social media for help to get food, medicine or, Continue Reading
The continued rise in cases in Shanghai despite the lockdown underscores the challenge China is facing. China’s worsening Covid-19 outbreak and the extended lockdown in Shanghai has oil analysts cutting Continue Reading
India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its Continue Reading
China’s oil demand is estimated to rebound to 14.26 million barrels per day (bpd) in the second quarter of 2022 after the country’s zero-COVID policy dampened consumption in the first Continue Reading
A spate of lockdowns in Shanghai and other Chinese cities is piling severe pressure on transport and logistics across the country, exacerbating the economic fallout of the government’s commitment to Continue Reading
The government has been under pressure to quickly deliver food supplies to residents Some residents under lockdown in Shanghai say they are running out of food, amid the city’s biggest-ever Continue Reading
The combined feedstock imports for China’s independent refineries in March recovered 6.7% to 14.055 million mt from the four-month low in February, but the trend is unlike to sustain in Continue Reading
Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and Continue Reading
NextDecade Corporation signed on Wednesday another long-term agreement for a U.S. exporter to sell liquefied natural gas (LNG) to China in the most recent deal between American and Chinese firms. Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
The worst drought in two decades, punishing sanctions and soaring wheat prices due to the war in Ukraine are making food insecurity more severe Drought had already devastated Allawddin Rahimi’s Continue Reading
India’s top electricity producer NTPC Ltd’s (NTPC.NS) coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as Continue Reading
India’s foreign minister said on Wednesday the government is working to stabilize economic transactions with Russia, a day after India condemned the killings of civilians in Ukraine and called for Continue Reading
India on Tuesday condemned the killings of civilians in Ukraine’s Bucha and called for an independent investigation, having earlier declined to explicitly criticise the invasion of Ukraine by its long-time Continue Reading
The European Commission on Tuesday proposed sweeping new sanctions against Russia, including banning Russian coal imports in retaliation over alleged civilian killings in Ukraine. read more The sanctions may have Continue Reading
Traditional wooden coffins are running short in Hong Kong as authorities scramble to add mortuary space in the global financial hub’s battle on COVID-19, which is swamping funeral parlours. “I Continue Reading
