India’s minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Continue Reading
China purchases three Sakhalin LNG cargoes in August Robust power consumption boosts gas demand Drought in Sichuan spurs gas-fired power plant load China’s LNG imports from Russia reached a 22-month Continue Reading
Authorities in southwestern China’s Chengdu have maintained strict COVID-19 lockdown measures on the city’s population of 21 million despite a major earthquake that killed at least 65 people in outlying Continue Reading
WATCH: Kerry says he is “hopeful” that Beijing will recognize the benefit of the world’s 2 largest emitters talking and return to the table for the suspended climate talks with Continue Reading
Indonesia raised subsidized fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidised gasoline Continue Reading
Every year, as the weather warms, teams of Indian scientists trek the Himalayan mountains to study the Chhota Shigri glacier in India’s northern state of Himachal Pradesh. For the past Continue Reading
China imported more Russian gas in 2022 as imports from other sources declined. Russia surpassed Indonesia and the United States to become China’s fourth-largest supplier of LNG so far this Continue Reading
China’s carbon emissions fell almost 8 percent in the April-to-June quarter compared with the same period last year, the sharpest decline in the past decade, according to climate research service Continue Reading
Platts Analytics cuts Sep demand projection by 200,000 b/d May further lower estimates: analysts Eased controls possible after the congress, but zero COVID-19 to remain A spate of new COVID-19 Continue Reading
No Single White Knight for China Property Market Bloomberg News Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s Continue Reading
Country Garden reported 96% profit slump, worst since listing China Vanke saw net income climb 11% as it defied the slowdown Bloomberg News China’s two biggest property developers saw contrasting Continue Reading
Over 1,000 Dead in Pakistan’s Deadly Monsoon Flooding in Pakistan from the highest rainfall in more than three decades has killed at least 1,000 people since June and caused more Continue Reading
US Firms’ Confidence on China Falls to Fresh Low China is battling Covid-19 in every province despite its use of the world’s strictest measures to keep the virus out. All Continue Reading
Bloomberg News China arrested hundreds of people allegedly involved in the nation’s largest ever bank fraud and started repaying more victims of the $5.8 billion scandal, in a bid to Continue Reading
China’s biggest property developer by sales is predicting more pain for the real estate industry after posting a record drop in first-half profit. “The home market hasn’t entirely bottomed out, Continue Reading
Tens of thousands of people fled their homes in northern Pakistan on Saturday after a fast-rising river destroyed a major bridge, as deadly floods cause devastation across the country. Powerful Continue Reading
Next month marks the 25th anniversary of the Sino-Kazakh intergovernmental agreement on cooperation in the oil and gas industry, which has seen China invest $45 billion. While the amount invested Continue Reading
Customers at a food market in Shanghai, China. Bloomberg News Economists are turning more bearish about China’s economy, downgrading their growth forecasts further for 2022 and seeing lingering risks into Continue Reading
Bloomberg News China’s southwestern province of Sichuan restored most power supplies for industries and businesses by Sunday noon after restrictions lasting about two weeks, according to state television . Power Continue Reading
More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave Continue Reading
Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short-term. Power cuts and Continue Reading
Shanghai’s famous Bund went dark on Monday as authorities turned off the waterfront district’s decorative lights to save energy. China extended power cuts in some areas to cope with soaring Continue Reading
Bloomberg News Profits at industrial firms in China fell in the first seven months of the year as the economy continued to grapple with Covid disruptions and an ongoing slump Continue Reading
Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading
Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading
s High gas prices impede infrastructure growth India’s 2022 LNG imports set to drop 12% on year: S&P Global Rationing of supplies amid tight availability Lofty global LNG prices and Continue Reading
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
India’s major shift in its oil purchasing pattern last month from Russia to Saudi Arabia is unlikely to be sustained. The scale and scope of the pivot towards Russia and Continue Reading
Private firms and state-held Oil and Natural Gas Corporation (ONGC) pumped less oil from some of their fields in India in July, driving total domestic Indian crude oil production down Continue Reading
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft (ROSN.MM) affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine, Continue Reading
China’s energy administration has pledged to alleviate electricity shortages in Sichuan and Chongqing, which have ordered power cuts for industrial plants and even households, disrupting the operations of global heavyweights Continue Reading
Japan is preparing a big shift on nuclear power, with Prime Minister Fumio Kishida announcing plans to look at the construction of new plants, in what would be a break Continue Reading
Damaged equipment at the Black Sea terminus of the CPC pipeline caused another supply outage. According to CPC, two of the three mooring points at Novorossiysk have been shut down. Continue Reading
Highlights Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan Continue Reading
BEIJING (AP) — With China’s biggest freshwater lake reduced to just 25% of its usual size by a severe drought, work crews are digging trenches to keep water flowing to Continue Reading
Decorative lights are turned off at the Bund in Shanghai on Aug. 22. Shanghai’s iconic skyscrapers dimmed their exteriors Monday as part of a two-day suspension, as the financial hub Continue Reading
Oil majors such as ExxonMobil and Chevron will have to cut exports of Kazakh oil via Russia again due to damaged equipment, the pipeline operator said on Monday, adding to Continue Reading
Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to Continue Reading
Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
An iconic skyline in the Chinese city of Shanghai – called The Bund – will not be lit for two nights to save power, officials say. The waterfront area – Continue Reading
The West has been quick to criticize China for its perceived lackluster carbon emissions targets. While China remains one of the world’s most polluting countries, it is ramping up renewable Continue Reading
Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan province, Continue Reading
Sichuan’s worst drought in more than a half-century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut Continue Reading
Floods and landslides triggered by intense monsoon rains killed at least 50 people in northern and eastern India over the last three days, officials said on Sunday. The rains overwhelmed Continue Reading
China’s exports of very-low-sulfur marine fuel rebounded 13.22% in July versus June as the country’s merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed Continue Reading
Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
Southwestern China is experiencing a massive heatwave, sparking a power crisis in the region. The Chongqing municipal government has ordered factories to suspend production to conserve power. Moody’s Vice President Continue Reading
