The IEA Is Pleading To China To Slow Down Coal Production
The International Energy Agency (IEA) has issued yet another warning that if we are to have any hope of avoiding the worst effects of global warming, we have to keep Continue Reading
China Boasts Successful Nuclear Fusion
Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Chinese daily Global Continue Reading
China likely to cut key oil product exports in 2021 by slashing quotas
China is likely to cap its key oil product exports — gasoline, gasoil and jet fuel — in 2021 by slashing quota allocation in an effort to meet carbon emission Continue Reading
China to Ease Limits on Births, Allowing Couples to Have Three Children
China’s top decision-making body said Monday the government would ease its birth-control policy to allow all couples in the country to have three children, the state-run Xinhua News Agency reported. Continue Reading
China’s Factory Activity Slipped in May, but Consumer Spending Held Up
The result was largely in line with the 51.1 median forecast expected by economists polled by The Wall Street Journal, and marked the 15th straight month that the gauge came Continue Reading
Russian ESPO Blend premiums reach 5-month high in May amid China demand optimism
Trading houses positioning for China demand Import tax on LCO may shift China’s demand to gasoil Premiums of Russia’s ESPO Blend crude rose to multi-month highs in the current month Continue Reading
Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts
Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic Continue Reading
US Vaccine Rate: 70% May Be in Reach, New Poll Suggests
A new poll suggests the United States could be on track to vaccinate at least 70 percent of the adult population against Covid-19 by this summer. In the latest survey by the Continue Reading
WoodMac: Asia Needs To Invest More In Gas To Lower Emissions
Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia Continue Reading
Explainer: How will China’s latest oil probe affect the world’s biggest crude importer?
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state Continue Reading