China power shortages, housing struggles put brakes on the economy
It was the summer when the rains wouldn’t stop. The lights went out. And a housing boom came to a shuddering halt. China’s economy still grew 4.9 percent in the Continue Reading
Hungry for fuel, China looks to the U.S., Europe eyes relief plans
Chinese firms in talks with U.S. LNG suppliers – sources Coal prices hit record high in in China amid shortages Poland, Germany take steps to support consumers Oil prices hit Continue Reading
China looks to lock in U.S. LNG as energy crunch raises concerns- sources
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
China Once Again Cuts Oil Import Quotas For Indepedent Refiners
Beijing’s crackdown on the private refining industry was one reason behind this import decline as the government tackled excessive fuel supply As it tackles teapots, however, Beijing is having trouble Continue Reading
Singapore says no disruption to electricity supply after power providers exit
Singapore’s energy regulator said on Saturday that it is working closely with retailers facing challenges from current volatile electricity prices and said there will be no disruption to their customers’ Continue Reading
Oil Markets Unfazed By Falling Imports From China
Oil prices continued to climb on Friday despite worrying import data from China, with traders choosing to focus on increasing oil demand elsewhere. Friday, October 15th, 2021 The ongoing rally Continue Reading
Global Energy Crisis Prompts Asia to Turn to U.S. for Oil
Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. China and other Asian buyers Continue Reading
India’s Coal Crisis Worsens As Top Coal Miner Halts Supply To Industrial Users
The largest coal miner in the world, Coal India, has temporarily suspended supply to several industrial consumers in India as it prioritizes shipments to the coal power plants which provide Continue Reading
Australia Is Making The Most Out Of The Coal Boom
While countries around the world have turned their backs on coal due to its high emissions, Australia is one country that is unlikely to follow suit So far this month Continue Reading
China Set to Cut Fuel Exports
Outflows of oil products such as diesel and gasoline are expected to slip this month. China, Asia’s biggest oil refiner by capacity, is set to slash fuel exports as it Continue Reading
China looks to lock in U.S. LNG as energy crunch raises concerns- sources
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
China coal prices hit record highs, early winter chill adds to energy woes
China’s energy crisis deepened on Friday as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to Continue Reading
China coal futures on track for record weekly rise
China’s coal futures have closed every trading day this week at a record amid power shortages and blackouts across the country © Bloomberg Chinese coal futures are on track for Continue Reading
Winter chill keeps China’s coal prices high, power crunch stokes inflation
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel to ease an energy crunch Continue Reading
Xi Jinping gambles on economic tumult to cement his legacy
Chinese President Xi Jinping appears to be sailing into an economic storm of his own making, as one of China’s largest developers teeters on the edge of bankruptcy and manufacturers Continue Reading
Beijing To Allow Free Market Forces To Dictate Coal Power Prices
Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country’s power market as shortfalls in power generation have sparked an energy Continue Reading
China Crude Oil Imports Decline Between January And September
Crude oil imports into China fell by 6.8 percent over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Natural gas Continue Reading
China Reports Progress on U.S. Disputes Before Biden-Xi Summit
Lowy Institute’s McGregor on U.S.-China Relations China said it set up a group with the U.S. to discuss disputes, ahead of a video summit between President Joe Biden and his Continue Reading
Winter chill keeps China’s coal prices high, power crunch stokes inflation
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel to ease an energy crunch Continue Reading
China factory gate prices rise at fastest rate since 1995
Factory gate prices in China rose at their fastest pace in more than a quarter of a century as record coal prices intensified inflationary pressures on businesses and manufacturers. The Continue Reading
Pakistan Struggles To Find LNG Amid Gas Crisis
Pakistan is looking to buy liquefied natural gas (LNG) for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas Continue Reading
China Backpedals On Climate Commitments
China has taken a step back from emission reduction commitments amid the energy crunch that caused factory closures and power rationing. In a statement, Premier Li Keqiang said that the Continue Reading
China coal prices hit record high as floods add to supply woes
January Zhengzhou thermal coal futures hit a record high Price surge comes a day after govt liberalized power market Coal imports at highest for the year in Sept Data shows Continue Reading
China crude imports down 15% on yr, gas imports at 9-mth high
China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and as tightened import quotas continued Continue Reading
Singapore marine fuel sales drop in Sept as bunker calls hit 4-year low
Marine fuel sales in Singapore fell to a 15-month low of 3.94 million tonnes in September as the number of ships calling at the world’s largest bunkering hub for bunkers Continue Reading
China Holds Back Fiscal Spending When Economy Needs It Most
Bloomberg News China’s economic slowdown is putting the spotlight back on fiscal stimulus — but Beijing isn’t opening the spending taps just yet. While the U.S. government is pushing to Continue Reading
China Developers Account for About Half of World’s Troubled Debt
In a world where central bank stimulus has wiped out most of the distress from global bond markets, the troubles of China’s property companies are standing out. Of the $139 Continue Reading
CHINA DATA: September crude imports fall 5% on month to 10.03 mil b/d
China’s crude oil imports fell 4.7% on the month to 10.03 million b/d in September, latest data from the General Administration of Customs, or GAC, showed Oct. 13. The reduction Continue Reading
China Home Sales Are Falling Sharply
Home sales in China are seizing up as curbs on lending and worries about developers’ financial health deter house buyers, casting a pall over an industry that is central to the Chinese Continue Reading
China to liberalise thermal power pricing to tackle energy crisis
China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalize pricing for electricity generated from coal and that industrial and commercial users will Continue Reading
Japan’s turn? Power prices hit 9-month highs amid global energy crunch
Electricity prices in Japan have risen to nine-month highs this week as gains in global prices of oil, liquefied natural gas (LNG) and coal are starting to feed through to Continue Reading
European business group says China power cuts poorly communicated
China’s power shortages will likely force some European companies operating there to delay orders and some firms are unhappy about how authorities notify them about power cuts, a European business Continue Reading
India And UAE Strengthen Energy Ties With New Strategic Oil Deal
Last week saw the already broadening and deepening ties between the UAE and India extend further. Leading Indian conglomerate, Reliance Industries, outlined plans to establish a major oil and petrochemicals Continue Reading
Mass floods hit China’s coal hub, threatening power supplies
China’s largest coal-producing region was hit by severe flooding, threatening the country’s already strained power supply and displacing more than 120,000 people as residents called for help from other regions. Continue Reading
China to liberalise thermal power pricing to tackle energy crisis
China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalize pricing for electricity generated from coal and that industrial and commercial users will Continue Reading
Severe Drought Adds to Afghanistan’s Woes, Endangering Millions as Economy Collapses
Afghan farmer Niamatullah survived nearly two decades of conflict, growing beans, wheat and corn in Helmand province as war raged around him. When he finally decided to uproot his family Continue Reading
India says it has ample coal stocks for power sector
India has ample coal stocks to meet power sector demand, a coal ministry statement said on Sunday, a day after the Delhi Chief Minister said a shortage of the fuel Continue Reading
India to facilitate gas supply to run two utilities in Delhi amid coal shortage
India’s oil ministry will facilitate gas supplies to enable two power plants in Delhi to operate, the federal power ministry said on Saturday, after the city state warned of blackouts Continue Reading
India Has Enough Coal to Meet Power Plant Demand, Ministry Says
India’s coal ministry said there is sufficient amount of the fuel to meet the demand of power plants and concerns about electricity disruption are misplaced, pushing back after Delhi Chief Continue Reading
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
China Evergrande Group, the embattled property developer, is the first high-profile real-estate company to run into serious trouble in Beijing’s campaign to tame a roaring property market. It might not be the last. Continue Reading
China rust-belt province warns of more power shortages in energy crisis
The largest provincial economy in China’s northeast rustbelt warned of worsening power shortages on Monday, despite government efforts to boost coal supply and manage electricity use in a post-pandemic energy Continue Reading
China Faces Power Hikes And That’s Likely to Cut Metals Output
China’s energy crisis is likely to mean higher electricity prices, forcing the nation’s army of metals smelters to reduce output and threatening the industrial activity that has underpinned the nation’s Continue Reading
China Gets a Chance to Showcase Global Climate Leadership
Days before phase one of the United Nations Biodiversity Conference in the southwest Chinese city of Kunming, the meetings look constrained in ambition and stalled in progress. After an 17-month Continue Reading
China’s coal futures hit record high as floods worsen energy crisis
Chinese coal futures rose to record levels as floods shut dozens of mines and displaced more than 100,000 people, throttling the country’s main source of fuel for electricity and compounding Continue Reading
India tweaks policy to use biomass pellets in coal-fired power plants
India’s power ministry has set a revised policy to use biomass pellets in coal-burning thermal power plants, encouraging use of agricultural waste that is otherwise burnt by farmers, causing air Continue Reading
Japan Restarts Nuclear Power Plants To Slash Emissions
Japan is set to fire up its nuclear power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new industry minister Continue Reading
China presses U.S. to cancel tariffs in test of bilateral engagement
WASHINGTON, Oct 8 (Reuters) – China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a Continue Reading
China digs in on coal, oil gains as energy crisis deepens
China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the Continue Reading
China’s Energy Crisis Is Hitting Everything From iPhones to Milk
The hit from China’s energy crunch is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp. to Australian sheep farmers and makers of cardboard boxes. The extreme Continue Reading
The Spoils Of War: How Azerbaijan Took Control Of 30 Hydropower Plants
Before last year, energy was one of the bright spots in Nagorno-Karabakh’s economy. The de facto authorities had built a network of small hydropower plants to supplement a larger, Soviet-era Continue Reading