Around 2.5 mil mt cargo to be discharged in May Refiners may continue imports by re-allocating tax cost Heavy crude to be in favor China’s bitumen blend imports — which Continue Reading
U.S. intelligence agencies are examining reports that researchers at a Chinese virology laboratory were seriously ill in 2019 a month before the first cases of COVID-19 were reported, according to Continue Reading
The United States last week reported the lowest number of new COVID-19 cases in nearly a year, with new infections dropping 26% from the previous seven days to just under Continue Reading
The number of deaths linked to Covid-19 in India has moved past the 300,000 mark as the country continues to grapple with the pandemic. Experts warn that the real number Continue Reading
China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated Continue Reading
San Francisco General Hospital announced this past week that it had no Covid-19 patients for the first time since March 5 of last year.Jim Wilson/The New York Times The United Continue Reading
Deaths from Covid-19 and Covid-related causes are likely to be two to three times the number that countries have recorded in their official data, the World Health Organization said on Continue Reading
New UK government research suggests two doses of a Covid-19 vaccine are needed to provide strong protection against symptomatic infection from the coronavirus variant first identified in India, according to Continue Reading
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the lowest Continue Reading
The European Parliament has signalled fierce opposition to advancing a market-access treaty with China by declaring it “frozen”, in a sign of mounting tensions between the bloc and Beijing. MEPs voted Continue Reading
China and Japan have recently intensified purchases of crude oil on the spot market, driving spot premiums for some grades to their highest in several months and signaling that Asia’s Continue Reading
China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Continue Reading
China now accounts for more greenhouse gas emissions than all of the world’s developed nations combined, according to new research from Rhodium Group. Pollution King China’s emissions have surpassed all OECD nations Continue Reading
China said Thursday it is providing COVID-19 vaccines to nearly 40 African countries, describing its actions as purely altruistic in an apparent intensification of what has been described as “vaccine Continue Reading
When a teacher told Syrian mother Um Wajih that her 9-year-old son’s German had deteriorated during his Berlin school’s six-week shutdown, she was saddened but not surprised. Parisians tuck into Continue Reading
People with breathing problems receiving free oxygen support in Delhi last month.Where states are reporting vaccines given Visitors at the Alamo in San Antonio last week.Credit…Christopher Lee for The New Continue Reading
China’s accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the world’s largest Continue Reading
Highlights State refiners to import bigger share of incremental barrels More crudes with higher gasoil yields likely to flow in Independent refineries to seek replacement for Merey crude Singapore — Continue Reading
President Biden on Tuesday cast the United States as being in an urgent race with China to build electric vehicles as he visited a plant in Dearborn, Mich., that is Continue Reading
A powerful cyclone that emerged in the Arabian Sea made landfall on India’s western coast on Monday, hours after authorities evacuated hundreds of thousands of people and suspended COVID-19 vaccinations Continue Reading
India total COVID-19 caseload surged past 25 million on Tuesday as a powerful cyclone complicated the health crisis in one of the states where the disease is spreading most quickly. Continue Reading
A powerful cyclone struck India’s west coast Monday, forcing officials to move hospitalized coronavirus patients and suspend vaccination campaigns as the storm disrupted nationwide efforts to contain a surge of Continue Reading
Shipping operations for commodities ranging from oil and coal to consumer goods and textiles will be delayed in the week ending May 22, as the cyclone Tauktae raged past India’s Continue Reading
In a town on the edge of the Gobi desert is a sign in English and Chinese that reads “Oil Holy Land.” Nearby, a preserved drilling rig marks the spot Continue Reading
China’s crude throughput in the second quarter is likely to be buoyed by improving domestic demand and a shortage of oil product supplies due to the introduction of consumption taxes Continue Reading
China’s refinery throughput increased by 7.5 percent annually in April, signaling a sustained recovery in crude processing, although the volumes were lower than the record-highs seen last November, according to Continue Reading
The alarming situation with the spread of the coronavirus in India has started to affect operations at some of India’s ports, which could lead to delays in oil offloading and Continue Reading
In delivering vaccines, pharmaceutical companies aided by monumental government investments have given humanity a miraculous shot at liberation from the worst pandemic in a century. But wealthy countries have captured Continue Reading
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of Continue Reading
India reported a further decline in new coronavirus cases on Monday, but daily deaths remained above 4,000 and experts said the count was unreliable due to a lack of testing Continue Reading
Nearly 150,000 people were moved from their homes in the Indian state of Gujarat to safety on Monday and authorities closed ports and a main airport as the most intense Continue Reading
As India confronts a devastating coronavirus outbreak where thousands are dying each day, the country desperately needs to vaccinate its population as soon as possible. Yet the vaccine drive is stumbling Continue Reading
At the Daqo New Energy Corp. factory in China’s Xinjiang region, workers carefully processed tall columns of refined silicon last week as a group of reporters and analysts looked on. It’s the first time Continue Reading
China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. While China’s Continue Reading
JX Nippon Oil & Energy Corp’s refinery is pictured in Yokohama, Japan February 7, 2017. REUTERS/Kim Kyung-Hoon Japanese refiners plan to sell assets and speed structural reform and overseas expansion Continue Reading
China’s crude throughput in the second quarter is likely to be buoyed by improving domestic demand and a shortage of oil product supplies due to the introduction of consumption taxes Continue Reading
India reported on Saturday its smallest daily increase in coronavirus infections in nearly three weeks, but deaths stayed near the 4,000-mark as the World Health Organisation warned that the second Continue Reading
India is in the middle of a devastating Covid-19 surge that has set records for new infections and deaths and severely strained its healthcare system. Last week, India became the second country Continue Reading
Chinese authorities are looking to ease the domestic fuel glut and reducing pollution by heavily taxing as of June the imports of several kinds of blending fuels which are being Continue Reading
India’s tally of coronavirus infections climbed past 24 million on Friday, amid reports that the highly transmissible variant first detected in the South Asian nation was spreading across the globe. Continue Reading
Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world’s largest liquefied natural gas (LNG) project, in what could be a strategic Continue Reading
Central to the expansion of Chinese and Russian influence via Iran into the space in the Middle East vacated by the U.S. since former U.S. President Donald Trump initiated a Continue Reading
Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil importer. India is reeling Continue Reading
India recorded more than 4,000 COVID-19 deaths for a second straight day on Thursday, while infections stayed below 400,000 for a fourth day, although the virus has become rampant in Continue Reading
India’s coronavirus deaths crossed a quarter million on Wednesday in the deadliest 24 hours since the pandemic began, as the disease rampaged through the countryside, overloading a fragile rural healthcare Continue Reading
The head of the main Indian health agency responding to the coronavirus has said districts reporting a high number of infections should remain locked down for another six to eight Continue Reading
Dozens of bodies washed up on the banks of the Ganges this week, most likely the remains of people who perished from Covid-19. States in southern India have threatened to Continue Reading
At a time when oil and gas investors have been celebrating the latest oil rally after OPEC+ pledged to maintain strict production discipline, not everybody is pleased with the direction Continue Reading
India’s coronavirus crisis showed scant sign of easing on Tuesday, with a seven-day average of new cases at a record high and international health authorities warning the country’s variant of Continue Reading
The chief scientist for the World Health Organization described on Tuesday the situation in India as “very worrying” amid soaring infection rates and deaths, especially because many of the numbers Continue Reading
