Average refinery run rates at Indian refineries were 101 percent in January, compared to 87 percent in August last year. Most of India’s 23 refineries operated at above nameplate capacity Continue Reading
Highlights 2020-21 coal demand stood at 905.88 mil mt April-November 2021 coal imports down 11.13% on year April-November coal production up 9.01% on year India aims to increase its domestic Continue Reading
Japan’s oil and metals giant Eneos Holdings Inc (5020.T) expects it will be able to procure alternative oil in spot markets even if it becomes difficult to buy crude from Continue Reading
The feedstock imports for China’s independent refineries fell by 4.3% to 16.38 million mt in January from the 11-month high in December 2021, latest data compiled by S&P Global Platts Continue Reading
The dramatic sprint of crude oil toward $100/b is prompting Asian importers to rethink supply strategy as well as their fiscal roadmap, which could result in an aggressive recourse to Continue Reading
Rosneft signs 10-year pipeline crude supply deal with CNPC Inflows to help boost throughput in the region, fill SPRs Russian crude accounted for 15.5% market share in China in 2021 Continue Reading
China’s dependency on coal is likely to worsen this year as the authorities struggle to rein in prices after the Lunar New Year break. Chinese miners dug up more than Continue Reading
Apartment buildings at a residential project in Shanghai, China. Bloomberg News China eased a year-long cap on loans for the real estate sector to fund public rental housing, the latest Continue Reading
Residents wearing face masks to help protect from the coronavirus ride an electric scooter along a street decorated with red lanterns in Beijing, Tuesday, Feb. 8, 2022. China has ordered Continue Reading
Rio Tinto’s decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the Continue Reading
A Tesla Model 3 inside the company’s showroom in Shibuya. Tatsuya Arai, a 36-year-old entrepreneur in Tokyo, never saw the appeal of owning a car until he watched a YouTube Continue Reading
Panama Canal transit delays also a factor in cancellations Sources hopes arbitrage reopens as Asia prices recover, freight weakens Some expect cancellations to slow only after March loadings Up to Continue Reading
Asian refiners are broadly unfazed by the escalating tensions between Washington and Moscow as the companies do not expect any severe disruption to Russian crude trades in the region, while Continue Reading
People wearing protective masks ride bicycles, as the coronavirus disease (COVID-19) pandemic continues, in Beijing, China January 30, 2022. REUTERS/Tyrone Siu BEIJING, Feb 7 (Reuters) – Authorities in China’s southwestern Continue Reading
The European Union is seeking more natural gas from Azerbaijan, an EU official said on Friday, as Europe grapples with high energy bills and tight deliveries from Russia, its main Continue Reading
Russia’s Gazprom has agreed a 30-year contract to supply China’s CNPC with natural gas from a new pipeline connecting Russia’s Far East with China’s northeast, an industry official with direct Continue Reading
Gazprom and China National Petroleum Corporation (CNPC) have signed a new deal under which the Russian gas giant will deliver natural gas to China via the Far Eastern route, Gazprom Continue Reading
Russia and China signed new energy supply deals Feb. 4, as tension with the West over Ukraine underlines the strategic importance of further supply diversification to the East. Not registered? Continue Reading
China aims to launch national power exchange when ‘time is ripe’ National power market to evolve alongside emissions trading Deepens power sector reform to boost renewables adoption China plans to Continue Reading
Russian President Vladimir Putin touched down in Beijing for the 2022 Winter Olympics on Friday, bringing with him a deal to increase natural gas supply to China amid rising tensions Continue Reading
Russia’s Gazprom has agreed on a 30-year contract to supply China’s CNPC with natural gas from a new pipeline connecting Russia’s Far East with China’s northeast, an industry official with Continue Reading
President Xi Jinping of China on Friday offered firm support to President Vladimir V. Putin of Russia in the Kremlin’s showdown with the West over Ukraine, strengthening a relationship that Continue Reading
Demand for commodities is beginning to crumble in India. With oil at $90 or nearly $90 a barrel these days, Indian purchases could slow down going forward. India’s imports in Continue Reading
China has been attempting to expand its One Belt, One Road project through the Middle East by heavy funding of energy projects in the region. Ever since the 1973 Arab Continue Reading
Here’s a new obstacle that could prevent the world from finally turning the corner on climate change: Imagine that over the coming decade a whole new economy the size of Continue Reading
Tokyo’s new COVID-19 cases exceeded 20,000 for the first time on Wednesday, dimming hopes that an Omicron-fuelled wave of infections in Japan is peaking out. Nationwide cases reached a record Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
China has concluded three major oil deals with Iraq, most notably finalizing the 25-year deal for the Mansuriya field which could have huge geopolitical consequences. The signing of these deals Continue Reading
India is considering battery swapping for electric cars rather than charging stations as it seeks to spur adoption of cleaner transport in its notoriously polluted and crowded cities. “Considering the Continue Reading
Growth in India’s factory activity slowed to a four-month low in January as COVID-19 curbs hurt new orders and output, while high price pressures weighed on business confidence about the Continue Reading
The next commodity supercycle could start and end with Chinese graphite, the single most important battery material right now in terms of supply and demand. And one of the world’s Continue Reading
The COVID-19 situation at the Beijing Winter Olympics is within the “expected controllable range”, despite increasing positive cases being detected, a senior official at China’s Olympics Pandemic Prevention and Control Continue Reading
The Chinese economy started the year on an uncertain footing, as Covid-19 flare-ups disrupted factory activity and consumer spending, according to a trio of manufacturing and service sector surveys released Continue Reading
Japan is set to import the highest quantity of coal in January in just over two years, as utilities scramble to get supplies for power generation amid high spot liquefied Continue Reading
The Wangting Power Plant in Wangting, Jiangsu province, China. Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Continue Reading
Beijing officials said Sunday they had sealed off several residential communities north of the city center after two cases of COVID-19 were found. The Chinese capital is on high alert Continue Reading
China’s manufacturing sector expanded at a slower pace in January as a seasonal slowdown, Covid-19 outbreaks and a housing market drop dragged activity at small firms to the weakest since Continue Reading
Growth in China’s factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience Continue Reading
Russia has confirmed 11,404,617 cases of coronavirus and 328,770 deaths, according to the national coronavirus information center. Russia’s total excess fatality count since the start of the coronavirus pandemic is Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
China will, by the end of the year, have more renewable and low-carbon power generation capacity than fossil fuel capacity, the country’s Electricity Council has reported. Reuters reports that China Continue Reading
The central Asian nations of Kazakhstan, Uzbekistan and Kyrgyzstan suffered electrical power outages in major cities on Tuesday, according to authorities and residents, after a major power line in Kazakhstan Continue Reading
Pakistan sees strong gasoline demand on economic activity the Philippines stays top recipient for China’s gasoil in 2021 Restricted gasoil exports from China support prices of the grade Pakistan emerged Continue Reading
Delays in shipment of Indonesia’s thermal coal continued due to logistical bottlenecks and impeding paperwork, market sources said Jan. 25, even after the three-week blanket ban on coal exports was Continue Reading
Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research Continue Reading
Chinese authorities lifted a monthlong lockdown on the northern city of Xi’an and its 13 million residents Monday as infections subside ahead of the opening of the Winter Olympics in Continue Reading
Slashes export quotas by 56% Implements structural changes to balance market Opportunities for regional refiners to fill gap A sharp cut in oil product export quotas by China underscores Beijing’s Continue Reading
Beijing’s city government on Sunday introduced new measures to contain a recent outbreak of COVID-19, as China’s capital continued to report new local cases of the virus less than two Continue Reading
Iraq has finalized contract terms with China’s Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed. If Continue Reading
The first commercial airline flights in one month took off Saturday from Xi’an in western China as the government eased travel curbs imposed after a coronavirus outbreak ahead of next Continue Reading
