Kazakhstan Pins Wave Of Cyberattacks On Foreign Actors
Kazakhstan has for the past week been on the receiving end of a wave of cyberattacks that IT experts say have slowed down internet connections across the country. The problem Continue Reading
Yen Weakens Past 145 Per Dollar, Nears Prior Intervention Levels
Monex’a Simon Harvey discusses the yen’s drop and BOJ policy. The yen slid back past 145 per dollar, prompting renewed warnings from Japan’s finance minister and boosting speculation the government Continue Reading
China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit
China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading
China Tightens Lending Taps, Leaving African Markets Vulnerable
s Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. China, Africa’s largest bilateral Continue Reading
China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit
China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading
China property woes trigger decline in global cement output
The biggest fall in Chinese cement production in at least two decades has dragged global output of the construction material into decline, demonstrating how a crisis in the country’s vast Continue Reading
Indonesia Set To Win Big As European Smelters Shut Down
The ongoing energy crisis has forced smelters in China and Europe to curb production. Indonesian nickel producers are aiming to ramp up production as prices inch higher. Many feel that Continue Reading
In China, Living Not ‘With Covid,’ but With ‘Zero Covid’
The signs of a looming lockdown in Shenzhen, China, had been building for a while. The city had been logging a few coronavirus infections for days. Daily Covid tests were Continue Reading
Japan’s dependency on Middle East crude reaches 94.5% in August -METI
Japanese crude oil imports from the Middle East in August rose 12.1% from a year earlier to 2.82 million barrels per day (bpd), equivalent to 13.88 million kilolitres, with Japan’s Continue Reading
China to Allow a Lot More Fuel Exports in Possible Boost to Oil
China issued its biggest fuel-export quota this year, a highly anticipated allocation that could offer a lifeline to a faltering oil market. Refiners and traders have been given 15 million Continue Reading
China’s Rival Aircraft to Boeing, Airbus Jets Wins Certification
A Comac C919 aircraft. Photographer: Qilai Shen/Bloomberg China formally certified its homegrown aircraft to take on Boeing Co. and Airbus SE in the highly lucrative market for narrowbody jets, according Continue Reading
China’s Service Sector Slows in Latest Economic Warning Sign
A street scene in Shanghai earlier this week. China’s services sector slipped into contraction in September. HONG KONG—Chinese economic activity remained feeble in September, with the services sector slipping into Continue Reading
Colder winter forecast in South Korea raises concerns over gas supply for power
KOGAS may have purchased higher spot gas volumes Plans to raise nuclear output, use of LPG over LNG The forecast for a colder-than-usual winter in South Korea is set to Continue Reading
Bangladesh to lean on more coal than natural gas in power generation to curb costs
Highlights To add 4,365 MW of coal-fired capacity in coming months Share of coal in electricity to double to 17%, thermal imports jump Gas supply may be diverted to industrial Continue Reading
Column: India’s coal and electricity supplies are more comfortable this autumn
A labourer works inside a coal yard on the outskirts of Ahmedabad, India, April 6, 2017. REUTERS/Amit Dave LONDON, Sept 28 (Reuters) – India’s electricity supply appears much more comfortable Continue Reading
Yuan Falls to Weakest Since 2008 on Signs PBOC Is Easing Grip
The onshore yuan fell to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning Continue Reading
China’s Xi Jinping Re-Emerges in Public After Quarantine
BEIJING—Chinese leader Xi Jinping got out of quarantine and made his first public appearance since visiting Central Asia, trumpeting his governance record over the past decade as he prepares to Continue Reading
China’s Oil Demand Is Finally Bouncing Back
China’s weak oil demand was one of the few bearish developments in oil markets in the last year, but it appears that is about to come to an end. China Continue Reading
Deadly Standoff Between Kyrgyzstan And Tajikistan Threatens Stability In Eurasia
A three-day military conflict between Krygyzstan and Tajikistan left more than 110 dead in mid-September. The conflict hints at a worrisome trend of military standoffs that could threaten peace and Continue Reading
China Reins In Its Belt and Road Program, $1 Trillion Later
China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program . Now, Beijing is working on an Continue Reading
Apple says it will manufacture iPhone 14 in India
Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China. The company launched Continue Reading
Japan’s Top Refiner Is Gearing Up for the Oil Industry’s Decline
Takeshi SaitoPhotographer: Shoko Takayasu/Bloomberg 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 Continue Reading
In China, home buyers occupy their ‘rotting’, unfinished properties
For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by Continue Reading
For China’s Auto Market, Electric Isn’t the Future. It’s the Present.
Zhang Youping, a Chinese retiree, purchased an all-electric, small sport-utility vehicle from BYD — China’s largest electric vehicle maker — at an auto show for around $20,000 last month. Her Continue Reading
Soybean meal prices in China hit record high amid tight supply
Highlights Soybean meal spot prices reach Yuan 5,500/mt on average Replacement crush margin improves Market to remain tight until November Soybean meal spot prices in China hit its highest level Continue Reading
Pakistan PM Says ‘All Hell’ to Break Loose Without Debt Deal
Government signed ‘very tough’ agreement with the IMF, he says Nation ravaged by disaster, and political, economic turmoil WATCH: Pakistan Prime Minister Shehbaz Sharif made an urgent appeal for debt Continue Reading
India’s Russian thermal coal imports set to fall for first time in 4 months
India’s thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow Continue Reading
Why India Is Suddenly Buying Less Russian Crude
In September, Indian refiners are not expected to buy any ESPO crude from Russia because of the higher shipping rates. African and Middle East crude becomes more attractive as shipping Continue Reading
This Is What Life’s Like in the World’s Strictest Covid Zero City
Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy. China’s 1,300-mile border with Myanmar traverses some of the most rugged Continue Reading
China’s manufacturing steel demand rebounds in August, further improvement to be modest
China’s manufacturing steel demand rebounded in August and is expected to improve further in September and October on higher seasonal manufacturing activity, but market sources told S&P Global Commodity Insights Continue Reading
Malaria and diseases spreading fast in flood-hit Pakistan
The death toll from malaria and other diseases tearing through Pakistan’s flood-ravaged regions reached 324, authorities said on Wednesday, and actress Angelina Jolie said she feared many people she had Continue Reading
China Says Its Coal Reserves Will Last For 50 Years
China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years, according to annual reserves data from the Ministry of Natural Resources cited by Continue Reading
China’s Fossil Fuel Imports From Russia Are Soaring
China’s imports of crude oil and coal imports from Russia exploded in August, data showed on Tuesday, but despite the jump in supply, Russia handed back its top oil supplier Continue Reading
Column: Despite weak crude oil imports, China keeps building stockpiles
One of the features of the crude oil market this year has been China’s weak imports and faltering exports of refined fuels. But despite the decline in oil imports, China Continue Reading
Yuan Losses Deepen Highlighting Limits of PBOC Currency Defense
PBOC sets stronger-than-expected fixings for 21 straight days Move follows Federal Reserve’s third 75 basis point rate hike Bloomberg News China’s yuan is set for its longest losing streak since Continue Reading
Chinese Oil Refiners To Ramp Up Output As Demand Rebounds
Chinese refiners have plans to increase processing rates by 10 percent next month as they see demand increasing, especially from abroad. Refiners are hoping the government will issue another fuel Continue Reading
China Increases Crude Oil Imports From Russia
Despite lower crude oil refining and imports overall, China has increased its crude oil imports from Russia. Despite lower crude oil refining and imports overall, China has increased its crude Continue Reading
Column: China digs deep to raise coal output to record high
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassing inventories at power plants. Raising domestic coal output Continue Reading
China’s Spending on Russian Energy Climbs to Record $8.3 Billion
China’s spending on Russian energy products hit a record $8.3 billion last month, as the world’s top importer continues to expand its reliance on Moscow for overseas supplies of crude, Continue Reading
John Kerry Sees Frozen US-China Climate Talks Possibly Resuming
There’s still room for progress on climate talks with China despite its suspension of global warming discussions with the US, John Kerry said on Tuesday. Kerry, the US special presidential Continue Reading
China’s daily coal output hits 3-month low in August on rains, COVID curbs
Aug daily coal output at 11.95 mln T vs 12.02 mln in July Average coal mining run rates in Aug at lowest since Feb – CCTD Coal power generation falls Continue Reading
Frigid Winter in Japan Set to Intensify Global Energy Squeeze
Japan is predicting its winter will trend colder as La Nina stretches into a third year, increasing the need for heating fuels in the world’s second-biggest importer of liquefied natural Continue Reading
Energy Was Key In Putin-Xi Meeting
The meeting between Russian President Putin and Chinese President Xi Jinping was a necessary check-up of relations between the two countries. Putin made four comments that together perfectly encapsulate what Continue Reading
China Boosts Oil Imports From Russia And Saudi Arabia
China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Continue Reading
After Russian Flows Dry Up, India Pays Up to Double Price for Gas
India purchased some of the nation’s most expensive liquefied natural gas shipments ever after vital Russian deliveries were canceled. GAIL India Ltd. bought several LNG cargoes for delivery between October Continue Reading
Pakistan’s Largest Fuel Retailer Planning to Build $500 Million LNG Terminal
Pakistan State Oil Co., the nation’s largest fuel importer and retailer, is planning to build a $500 million LNG terminal as part of its strategy to diversify into multiple businesses. Continue Reading
China Signs Major Railroad Deal With Uzbekistan And Kyrgyzstan, Bypassing Russia
China has signed a deal to construct a railroad through Krygyzstan and Uzbekistan that would bypass sanctions-hit Russia. Kyrgyzstan, Uzbekistan and China signed the agreement on the sidelines of the Continue Reading
Japan storm: Nine million people told to evacuate as super typhoon Nanmadol hits
Huge waves in Kochi prefecture, western Japan Nine million people have been told to evacuate their homes as Japan is battered by one of the worst typhoons the country has Continue Reading
China’s Gasoline And Diesel Exports Exploded In August
China exported a whopping 97.4% more gasoline in August 2022 than it did the year before. This huge increase was largely due to a new batch of fuel export quotas Continue Reading
The World’s Largest Floating LNG Platform Restarts Production
The Prelude floating LNG production facility off the coast of Australia has resumed production and exports, operator Shell said today. Operations at the project were halted earlier this year due Continue Reading