Saudi Arabia Cuts Oil Volumes To China For July
Saudi Arabia will ship lower-than-nominated crude oil volumes to some of its Chinese buyers next month. Many buyers in Asia have asked for more Saudi crude oil for July. This Continue Reading
India’s fuel demand jumps 24% year-on-year in May
India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-biggest oil consumer was in the Continue Reading
Beijing and Shanghai Resume Mass Testings as Cases Rise
Beijing and Shanghai both resumed mass testing for Covid-19 as new community outbreaks of the virus emerged just days after the two key Chinese cities eased social curbs that had Continue Reading
US pledges to maintain military capacity to defend Taiwan
US defence secretary Lloyd Austin accused China of stepping up coercive behaviour towards Taiwan as he stressed that Washington would maintain its military capacity to resist any force that threatened Continue Reading
US energy envoy asks India to restrain Russian oil purchases
The Biden administration’s leading international energy adviser has called on India not to go “too far” as it increases imports of discounted Russian crude that has lost buyers in Europe. Continue Reading
5 key drivers of India’s protracted coal crunch
India is continuing to grapple with a severe and protracted power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia’s invasion of Ukraine Continue Reading
Shanghai Orders Over Half Its Residents to Undergo Covid Testing as Resurgence Fears Rise
More than half of Shanghai’s 25 million residents will undergo Covid-19 testing this weekend, raising the prospect of extended periods of home confinement for any who test positive, a rude Continue Reading
China digs in for permanent zero-Covid with testing and quarantine regime
China is building hundreds of thousands of permanent coronavirus testing facilities and expanding quarantine centres across many of its biggest cities as part of its zero-Covid policy, despite the economic Continue Reading
Oil pares gains as new China lockdown measures emerge
Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. Brent crude futures for August Continue Reading
China May crude oil imports edge up, but refined oil product exports slump
May crude oil imports around 10.79 mln bpd, up 11.8% on yr Jan-May crude oil imports down 1.7% yr/yr May refined oil product exports down 40% yr/yr Jan-May natural gas Continue Reading