Healthcare workers transfer the body of a deceased patient into a mortuary at the Queen Elizabeth Hospital in Hong Kong on March 8. Bloomberg News Shanghai suspended in-person classes for Continue Reading
Spot coal prices in China surged this week amid fears of a tightening global market, nearly doubling a government-set cap for long-term supply to power plants. The price of physical Continue Reading
A healthcare worker at a Covid-19 testing facility in Shanghai, China, on March 10. Bloomberg News China has discussed diverting international flights away from Shanghai to other cities, as the Continue Reading
China on Friday ordered a lockdown of the 9 million residents of the northeastern city of Changchun amid a new spike in COVID-19 cases in the area attributed to the Continue Reading
Mainland China is struggling to contain its biggest coronavirus outbreak since the pandemic erupted in Wuhan two years ago, as the Omicron variant tests President Xi Jinping’s zero-tolerance strategy and Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
China’s independent refiners are set to cut production in coming weeks as a Ukraine-driven surge in oil prices squeezes margins, with a jump over $130 a barrel unnerving producers, trading Continue Reading
Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia’s oil and liquefied natural gas (LNG) after Moscow’s invasion of Continue Reading
As the government in Hong Kong struggles to contain the city’s worst Covid outbreak ever, some residents have panicked. They have emptied supermarket shelves of vegetables and meat. They have Continue Reading
Highlights Allowing refiners, importers to lower stockpile by 4 days until April 8 Japan’s oil release equates to 12.5% of IEA’s total oil release Japan said it started March 10 Continue Reading
Australia’s thermal coal prices are expected to remain elevated in the near term as it finds new buyers in Europe amid the Russia-Ukraine conflict, while interest from Japan and South Continue Reading
The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks Continue Reading
Highlights Subsidy payment rises to Yen 17.7/liter on the week, from Yen 5.0/liter Subsidy payments could reach upper limit of Yen 25/liter after March 17: sources The Japanese government more Continue Reading
Kazakhstan is facing economic crisis as the war in Ukraine threatens crude oil exports, which alone account for around 14 percent of GDP and 57 percent of exports. The bulk Continue Reading
Australia declared a national emergency on Wednesday in response to devastating floods along its east coast, and designated catastrophe zones in towns swept away by swollen rivers. “Australia is becoming Continue Reading
China appears to have been unsettled by the difficulties Russia has faced since its invasion of Ukraine, but Chinese leader Xi Jinping’s determination with regard to Taiwan should not be Continue Reading
Indonesia, the world’s biggest exporter of edible oils, will tighten its control over shipments in a sign of growing protectionism around the world as countries grapple with soaring food prices. Continue Reading
A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy Continue Reading
Europe’s wartime plan for a faster transition to clean energy as it seeks to replace Russian fossil fuels will provide a boost to the order books of China renewable manufacturers. Continue Reading
As the U.S., European Union and others hit Russia with crippling economic sanctions in response to President Vladimir Putin’s invasion of Ukraine, they are facing demands to go hard against another regime: Myanmar’s military Continue Reading
US intelligence chiefs on Tuesday said they were monitoring how China was interpreting the war in Ukraine and said the swift western reaction would probably influence Beijing’s calculus over its Continue Reading
There are no funeral ceremonies for some of the hundreds of elderly Hong Kong residents dying every day of covid. Their bodies are instead sealed in plastic bags and then Continue Reading
The feedstock imports for China’s independent refineries fell by 19.6% on the month to a four-month low of 13.17 million mt in February, latest data compiled by S&P Global Commodity Continue Reading
Chinese companies that defy U.S. restrictions against exporting to Russia may be cut off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo Continue Reading
China’s imports of major commodities appeared largely steady to even somewhat soft in the first two months of the year. But the bland figures mask some dynamic shifts, which are Continue Reading
A BYD showroom in Beijing. China’s passenger vehicle sales rose 4.7% in February from a year earlier to 1.27 million units, helped by particularly strong growth from new-energy vehicles. Deliveries Continue Reading
China’s sovereign bonds slid from the top of global performance rankings to near the bottom in recent weeks, undermining their status as an alternative haven just as global markets were Continue Reading
The soybean outright price for CFR China first-month assessment has reached new highs, at $757.93/mt as assessed by S&P Global Platts March 8, up by 3% week on week, and Continue Reading
A growing number of independent refineries in China’s Shandong province are resorting to throughput cuts as crude oil’s steep surge above $100/b is starting to take a toll on refining Continue Reading
The chief executive of ONGC Videsh, India’s second-largest oil and gas company, on Sunday confirmed talks between India and the U.S. State Department are underway to allow the company to Continue Reading
The Indian rupee tumbled to a record low, while stocks and bonds also slumped as a relentless surge in oil prices darkened the nation’s economic outlook. India relies on overseas Continue Reading
Japanese firms are under deepening pressure over their ties to Russia and are scrambling to assess their operations, company and government insiders say, after Western rivals halted businesses and condemned Continue Reading
The head of Japan’s largest business lobby said on Monday the country’s imports of Russian crude could not be replaced immediately, as global discussions gathered pace about the possibility of Continue Reading
China declined to set a new hard target for energy use and will focus on securing fuel supplies as the world’s biggest oil, gas and coal importer navigates unprecedented tumult Continue Reading
Bloomberg News Anyone hoping the world’s biggest carbon emitter would use its annual parliamentary session to speed up action on climate change was left sorely disappointed this weekend. Instead, China Continue Reading
China’s crude imports in January-February fell 4.9% year on year to 10.58 million b/d, or 85.14 million mt, data from the General Administration of Customs showed, as throughput was capped Continue Reading
Exports seen low in March before rebounding strongly in April-May Finished steel imports fall 7.9% on year over January-February China’s finished steel exports over January-February fell 18.8% year on year Continue Reading
Japan may take more action in response to Russia’s invasion of Ukraine which could significantly impact Japan’s energy sector, a senior ruling party lawmaker said on Sunday, while expressing caution Continue Reading
Australian authorities on Friday warned of more rains over the weekend in several flooded regions in the country’s east, likely hampering relief efforts as defense personnel try to reach worst-hit Continue Reading
Russian steelmaker stops supplies to EU Impact of sanctions on Russia-China trade seen limited Russia’s metals industry is expected to lean on China as an export market following sanctions for Continue Reading
China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state Continue Reading
China’s goal to achieve around 5.5% economic growth this year is a challenging one, and will push the government to boost infrastructure investment, stimulate property demand and provide more monetary Continue Reading
Satellite-detected methane leaks from human activities in 2021. China’s coal operations spewed so much methane last year that it had the same global warming impact as all the carbon dioxide Continue Reading
On paper, China’s banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share Continue Reading
China set an economic growth target for the year of around 5.5%, the lowest level in more than a quarter-century of economic planning, reflecting heightened domestic and global uncertainties in Continue Reading
Russia’s continued war in Ukraine is having some unintended consequences in neighboring countries. Kazakhstan is rushing to minimize the fallout of Russian sanctions. The economies of Eurasia are so closely Continue Reading
Australia’s Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help Continue Reading
In the months leading up to Xi Jinping making common cause with Russian President Vladimir Putin, the Chinese leader was focused on one country, and it wasn’t Ukraine. His ambitions for Continue Reading
The Philippines previously froze nuclear program over safety fears New order says nuclear can help as coal power phased out Duterte orders study on Bataan nuclear plant reopening Greenpeace warns Continue Reading
The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday, as Russia’s invasion of Continue Reading
