China’s economic future isn’t looking all that bright and is starting to have political implications for President Xi Jinping. The Chinese Academy of Social Sciences expects annual growth to slow Continue Reading
Highlights Several power utilities in the market to buy spot LNG Set to focus on long-term contracts in 2022 amid high spot prices But remain prone to spot purchase on Continue Reading
The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some Continue Reading
Tokyo recorded its fourth record number of daily COVID-19 infections on Saturday, breaking above 10,000, while Japan’s exceeded 50,000 for the first time as the Omicron variant continues to spread Continue Reading
Three U.S. studies show that the third dose of an mRNA vaccine is key to fighting the Omicron coronavirus variant, providing 90% protection against hospitalization due to COVID-19, the U.S. Continue Reading
Major Chinese liquefied natural gas (LNG) importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to Continue Reading
A small preliminary laboratory study has shown that levels of Omicron-neutralising antibodies of people vaccinated with Russia’s Sputnik V vaccine did not decline as much as of those who had Continue Reading
India’s opposition Samajwadi party hosted an unexpectedly lively rally last week, with politicians delivering speeches enthusiastically received by thousands who had attended despite a ban on live campaign events. The Continue Reading
COVID-19 infections are reaching new peaks in the Americas with 7.2 million new cases and more than 15,000 COVID-related deaths in the last week, the Pan American Health Organization (PAHO) Continue Reading
Highlights Russia overtakes Saudi Arabia to be China’s top crude supplier in Dec Saudi Arabia helps Middle East increase market share to 50% in 2021 Value of China’s crude imports Continue Reading
Biden Says He Can’t Ease Tariffs on China Yet President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. Continue Reading
LONDON, Jan 19 (Reuters) – British Prime Minister Boris Johnson announced the end of COVID-19 measures including mandatory face masks in England as he looks to live with the virus Continue Reading
When the coronavirus pandemic was first declared, Spaniards were ordered to stay home for more than three months. For weeks, they were not allowed outside even for exercise . Children Continue Reading
China considers this year as the crucial year for its new-energy vehicles industry to “go global,” according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of Continue Reading
Platts Seasonal heating demand, lean supplies lend support FOB Singapore jet fuel/kerosene cargo breached the psychologically important $100/b mark for the first time in more than seven years at the Continue Reading
Highlights 2022 power demand growth likely lower than 2021: Platts Analytics China to account for more than half of global power demand growth: IEA Non-fossil fuels grow faster than fossil Continue Reading
Japan on Wednesday widened COVID-19 curbs to the capital Tokyo and a dozen regions covering half the population as the Omicron variant of coronavirus drove record new infections. Already in Continue Reading
Germany reported 112,323 new coronavirus cases on Wednesday, a fresh single-day record as the health minister said the peak had not been reached and compulsory vaccination should be introduced by Continue Reading
The physical crude market in Asia is showing further signs of strength, bolstering the outlook for higher futures prices just as global oil benchmark Brent rallies to the highest level Continue Reading
Bloomberg News China is better prepared to avoid any energy supply crisis even with power demand forecast to continue to grow rapidly, authorities said. A 10% lift in demand last Continue Reading
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply. Gasoline exports in 2021 slid 9.1% from a Continue Reading
Last year, Chinese policymakers shook up the world’s second-largest economy just as its rebound from the pandemic was starting to wear off, unleashing a flurry of measures to address longer-term Continue Reading
China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when its population Continue Reading
The number of people with COVID-19 in French hospitals rose by 888 to 25,775, the health ministry said on Monday, the biggest one-day increase since early November 2020 – before Continue Reading
Forecasts for the second year of strong global growth face two main dangers: the health of China’s economy and the prospect of much higher U.S. interest rates. How the world’s Continue Reading
China’s battle to contain the Omicron coronavirus variant risks choking already stretched global supply chains, manufacturing managers and analysts have warned, threatening production of goods ranging from smartphones to furniture. Continue Reading
Companies are bracing for another round of potentially debilitating supply chain disruptions as China, home to about a third of global manufacturing, imposes sweeping lockdowns in an attempt to keep Continue Reading
Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants. China’s economy slowed Continue Reading
China’s GDP expands 8.1% in 2021, grows 4% in Q4 Crude throughput to rise 454,000 b/d in 2022: Platts Analytics Crude output rises 3% to hit 4 million b/d in Continue Reading
Highlights 34 ships already released for export Miners hope ban to be lifted for those meeting domestic market obligation Meeting to review Nov-Dec DMO fulfillment Jan. 18-20 Indonesia may release Continue Reading
Gas shows indicate more than Japan’s total 1 Tcf recoverable gas reserves Estimated gas production equates to 1.2% of the country’s consumption Gas self-sufficiency rate seen rising to 3.4%, from Continue Reading
China’s central bank cut its key interest rate for the first time in almost two years to help bolster an economy that’s lost momentum because of a property slump and Continue Reading
China’s home prices fell for a fourth consecutive month in December, as the credit crunch in the property sector showed little sign of easing. New home prices in 70 cities, Continue Reading
China’s recent announcement that it will release oil from its reserves has been largely ignored by oil markets A combination of a weak dollar, lower-than-expected OPEC+ production, supply issues in Continue Reading
China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on Continue Reading
Crude oil imports into China fell by 5.4 percent last year on an annual basis for the first time in two decades, Reuters reported citing statistical data from Beijing. According Continue Reading
The Southern Hemisphere may have just matched its hottest temperature on record Thursday. A station in Onslow, a small coastal town in Western Australia, registered a sweltering 123.3 degrees (50.7 Continue Reading
The Chinese capital Beijing met state air quality standards for the first time last year, officials said on Tuesday, a milestone lauded by experts, who also warned that pollution remained Continue Reading
A Russia-led military bloc began to pull its troops out of Kazakhstan on Thursday after a week-long deployment which helped the Central Asian nation overcome the worst bout of violent Continue Reading
In 2021, China managed to stamp out scattered Covid outbreaks while still delivering annual economic growth in the neighborhood of 8%. It helped that, even as the country kept its Continue Reading
The Biden administration on Wednesday criticized China’s decision to cancel a growing number of flights from the United States to China because of passengers who later tested positive for COVID-19 Continue Reading
The northeastern Chinese city of Dalian detected one COVID-19 infection of the highly transmissible Omicron variant of the coronavirus, state television said in a report late on Wednesday. The virus Continue Reading
China detected omicron in a second major port city, deepening concern of a wider outbreak at Beijing’s doorstep and raising the prospect that more foreign businesses might follow Toyota Motor Continue Reading
Over the past two years, China has used some of the strictest measures anywhere to keep Covid-19 out and long succeeded in holding numbers down. But as Omicron poses the Continue Reading
The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent Continue Reading
India is failing in efforts to improve its toxic air quality, with the number of smog-plagued cities increasing since the launch of a national program to tackle the issue. A Continue Reading
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years as the nation’s refiners brushed off the risk Continue Reading
Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here . Welcome to 2022 from Beijing. After the explosive growth last year in China’s Continue Reading
Developed nations around the world are aggressively pursuing the replacement of coal power, but Australia is struggling to turn its back on what it sees as an economically vital commodity Continue Reading
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties Continue Reading
