China considers price controls on surging coal market
China is considering imposing a cap on the price of thermal coal as it struggles to contain high energy costs ahead of peak demand over the summer, Bloomberg reported on Continue Reading
China’s Sinopec targets 500,000 T of ‘green’ hydrogen capacity by 2025
China’s state-controlled energy giant Sinopec aims to set up plants that can make 500,000 tonnes of hydrogen a year from renewable energy sources by 2025, a company executive said at Continue Reading
China Mulls Price Caps on Coal in Campaign to Tame Inflation
China’s efforts to control raw materials costs could include price limits on its runaway coal market, underscoring the government’s tough stance on taming inflation. Beijing is considering imposing a cap on Continue Reading
China’s Factory Inflation at 2008 High Adds to Global Pressures
Surging costs of imported commodities drove China’s factory-gate inflation to its highest level since 2008, raising the odds that exporters will begin passing on higher prices and boost inflationary pressures Continue Reading
China’s producer prices rise at fastest pace in 13 years
The price of goods leaving China’s factories has risen at its fastest pace since the financial crisis, piling pressure on policymakers as they grapple with the effects of a global Continue Reading
China’s Efforts To Curb Oil Prices Are Futile
Crude oil imports into China dropped by almost 15 percent annually last month. While substantial, the drop is no reason for worry because it was caused by refinery maintenance season. Continue Reading
China’s Big 5 power producers face uphill battle in meeting peak emissions targets
Top power producers set peak emissions goals by 2025 or earlier No signs of accelerated coal plant closures, ETS has limited impact Coal remains critical to alleviate peak demand power Continue Reading
CHINA DATA: May crude imports drop to five-month low at 9.69 mil b/d
China’s crude imports slumped 14.6% on the year to a five-month low of 9.69 million b/d in May amid destocking activities, showed preliminary data released June 7 by the General Continue Reading
China’s independent refineries rush to buy straight-run fuel oil as crude quotas to fall short
Four refineries take cargoes for Jun/Jul delivery Around 80 mil mt quota available for Jun-Dec Using fuel oil lifts cost by $31/mt China’s independent refineries rushed to shop at least Continue Reading
CHINA DATA: Independent refineries’ crude imports rise by 1.8% on month in May
Feedstock imports for China’s independent refineries rose by 1.8% month on month to 3.71 million b/d, or 15.7 million mt in May, as the refiners stockpiled bitumen blend ahead of Continue Reading
If Covid Did Escape From a Wuhan Lab, Brace Yourself
Did it all start right here? Ever since President Joe Biden ordered U.S. intelligence agencies to investigate reports that the Covid-19 virus might have escaped from a laboratory in Wuhan, Continue Reading
China’s imports grow at fastest pace in decade as materials prices surge
China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by Continue Reading
India Consumer Confidence Drops to Record Low, RBI Survey Shows
Indian consumers’ confidence is plumbing new lows, adding to a string of grim data in an economy clobbered by the world’s worst coronavirus outbreak. The current situation index fell to Continue Reading
Covid infections rise by two-thirds in UK
Health teams have been carrying out surge testing in Dewsbury, as well as other towns where the Indian variant is spreading The number of people infected with coronavirus in the Continue Reading
Are Regional Companies Ready To Dominate South Asian Oil Markets?
Hibiscus Petroleum Bhd. is set to take over Repsol’s operations in Malaysia and Vietnam as the Spanish company sells its exploration and production assets in a move away from Malaysia Continue Reading
Developed Countries Lock Up Covid-19 Vaccines Through 2023
The European Union, Canada and other developed countries have signed deals to get hundreds of millions of doses of Covid-19 vaccines and boosters over the next two years, furthering a Continue Reading
Can Australia Satisfy Tesla’s Appetite For Battery Metals?
Electric cars giant Tesla (NASDAQ: TSLA) said it expects to soon begin buying more than $1 billion a year of Australian lithium, nickel and other critical minerals for its batteries Continue Reading
Japan Looks To Become Leader In Wind Energy
Japan has notoriously been dependent on energy imports, being the world’s fifth-largest crude importer and second-largest LNG importer (having lost the top position to China last year). Its self-sufficiency ratio Continue Reading
China warns two-thirds of regions for missing energy targets
China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after two-thirds of them fell short of at least some Continue Reading
Coronavirus live updates: Vietnam mutation not a new variant, WHO says
The World Health Organization’s representative in Vietnam said the coronavirus mutation first detected there does not meet the global health body’s definition of a new variant, although it is still Continue Reading
The pandemic has proved peak oil demand wrong
While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 Continue Reading
Mumbai Gasoline Prices Now 2x More Expensive Than New York City
Citizens of Mumbai now pay twice as much for gasoline as a citizen of New York City, Bloomberg has reported , with prices at the pump up 11 percent since Continue Reading
India’s Oil Demand Outlook Remains A Mystery
Oil demand in India has been clouding the outlook of global crude consumption since a devastating second COVID wave resurged in the world’s third-largest oil importer three months ago. India’s Continue Reading
China Electric Car Makers Outshine Peers on Growing Optimism
Electric-vehicle makers and suppliers rallied on Tuesday after a string of positive news for the industry, with Chinese companies clocking in the biggest gains. U.S.-traded shares of Nio Inc. and Continue Reading
Asian Refinery Margins Crash To Nearly $0
Asian refiners are struggling with a major slump in profit margins because of the resurgence in Covid-19 infections in the region, Bloomberg has reported , citing the latest trends in Continue Reading
China May Have Most at Risk From Prolonged JBS Meat Shutdown
A prolonged shutdown at global meat supplier JBS SA could hit China the hardest as the country is the world’s biggest beef buyer and accounts for almost a third of Continue Reading
China’s economic boom leaves manufacturing hubs short of power
China’s runaway economic recovery has been so successful that it has caused power shortages across dozens of its manufacturing and industrial hubs in the south of the country. Factories across cities Continue Reading
China’s independent refineries struggle for fuel oil amid tight supply, high prices
China’s independent refineries — actively looking for fuel oil to feed their distillation units — are struggling to secure adequate feedstock barrels for the coming months due to tight regional Continue Reading
Americans are partying again. But elsewhere, the pandemic is getting worse. – The Washington Post
In the United States, life is returning to normal. Restaurants and bars are filling up again, vacations are being booked and flights are selling out. At sporting events, maskless fans Continue Reading
Delhi Reopens a Crack Amid Gloomy Economic Forecast for India
The Indian capital, which just weeks ago suffered the devastating force of the coronavirus, with tens of thousands of new infections daily and funeral pyres that burned day and night, Continue Reading
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
Immunity to the Coronavirus May Persist for Years, Scientists Find
Immunity to the coronavirus lasts at least a year, possibly a lifetime, improving over time especially after vaccination, according to two new studies. The findings may help put to rest Continue Reading
Asia Braces For Expensive LNG This Summer
Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of Continue Reading
World Faces Longer Supply Shortage as China’s Factories Squeezed
Huizhou Baizhan Glass Co. factory in Guangdong. Sign up for Next China , a weekly email on where the nation stands now and where it’s going next. Eric Li’s factory Continue Reading
The Wuhan lab-leak theory is getting more attention, but it’s not because of new evidence
A new surge of interest has revived the lab-leak theory. Well over a year since a novel coronavirus began to spread in Wuhan, the idea that the deadly outbreak could be Continue Reading
Timeline: How the Wuhan lab-leak theory suddenly became credible
The source of the coronavirus that has left more than 3 million people dead around the world remains a mystery. But in recent months the idea that it emerged from the Wuhan Institute Continue Reading
India’s May oil imports, crude runs likely to witness full impact of pandemic
India’s crude imports and refinery runs remained robust in April as refiners shipped in cargoes contracted earlier and refrained from backing out of deals despite a second wave of COVID-19 Continue Reading
Covid Live Updates: Toll in India Far Exceeds Official Figures, a Times Analysis Shows
Bodies, some of which are believed to be Covid-19 victims, partly exposed in shallow sand graves on the banks of the Ganges River last week in Uttar Pradesh, India.Ritesh Shukla/Getty Continue Reading
China’s Strong Recovery Shows Signs of Softening as Costs Surge
China’s strong economic momentum eased slightly in May, as surging raw material prices squeezed profits, businesses turned more cautious and property and car sales underperformed. That’s the outlook of an Continue Reading
Delhi Considers Lifting Covid Limits, Despite Vaccine Shortage
Delhi is considering relaxing its Covid-19 restrictions six weeks after a devastating coronavirus surge rocked the Indian capital , with a pledge to ramp up vaccinations to protect the city’s Continue Reading
Central Banks Running Out of Options as Recovery Falters in Asia
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand Continue Reading