Total rice planted area has shrunk 13% due to lack of rainfall Traders are concerned that India may restrict rice exports Workers clean rice paddy at a wholesale market in Continue Reading
Highlights Cabinet approves $1.6 billion investment to develop oil block in Brazil New Delhi open to equity oil opportunities in other Latin American countries India’s aging fields struggling to keep Continue Reading
Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Continue Reading
China’s “precarious” debt trajectory and its slowing population growth mean it could be eclipsed by India as the world’s most important buyer of minerals in a decade, according to Dambisa Continue Reading
Emerging economies in Asia face prolonged electricity crises and continued rolling blackouts as spot LNG prices surge and high demand from Europe is pricing Southeast Asia out of the tight Continue Reading
Beijing reluctant to spend its way out of real-estate troubles Goldman sees steel demand heading for 5% decline this year Bloomberg News China’s steel industry is entering a precarious new Continue Reading
Six years ago, China suffered a severe natural gas shortage and has since been very careful to ensure it has as much gas as it needs before winter. One of Continue Reading
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for Continue Reading
The entry of renewable energy sources should not be viewed as a threat to coal’s standing at least in the immediate future as coal would continue to fuel India’s electricity Continue Reading
Decision in October on whether to restrict exports – minister East coast shortfall could equal 10% of demand – watchdog Supply gap equivalent to 14 LNG spot cargoes Government extends Continue Reading
Residents line up for a Covid-19 test in Shanghai, in June. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s economy weakened further in July amid a resurgence in Covid outbreaks, China Beige Continue Reading
Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition. Zhejiang Huayou Cobalt Co. Continue Reading
A VinFast SUV was unveiled at the 2021 L.A. Auto Show in Los Angeles. Vietnam’s Vingroup JSC VIC -4.48%▼ became a corporate juggernaut in its home country, operating everything from Continue Reading
Japan’s manufacturing sector slowed in July, as the au Jibun Bank Japan purchasing managers’ index compiled by S&P Global Commodity Insights dipped to 52.1 from 52.7 in June, the data Continue Reading
A nascent two-month recovery in China’s home sales ended in July, as a widespread mortgage revolt over concerns that ailing property developers wouldn’t be able to deliver still-unfinished apartments weighed Continue Reading
China’s factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid outbreaks weigh on the recovery. The official manufacturing purchasing managers index fell to 49 from 50.2 Continue Reading
Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and Continue Reading
Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to Continue Reading
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea Continue Reading
Japan is encouraging regional authorities to take steps to contain a new coronavirus variant that has sent cases to record levels, but there is no plan for sweeping national measures. Continue Reading
Particularly hot weather in Uzbekistan over the past 10 days or so has caused occasional blackouts as the state power company looks to ration electricity supplies to households and industry Continue Reading
Sri Lanka is suffering through both an economic and energy crisis, with foreign exchange reserves at a record low and fuel supplies set to run out at any moment. The Continue Reading
As Europe braces for energy shortages from Russian gas cuts, Japan’s own energy crisis a decade ago offers survival lessons to households and businesses – such as dimming the lights Continue Reading
Image caption, A recent study suggested a strong association between the outbreak and animals at Wuhan’s Huanan wildlife market Almost one million people in a suburb of Wuhan – China’s Continue Reading
A woman shields from the sun in Beijing’s central business district. Photographer: Mark Schiefelbein/AP Photo Bloomberg News Scorching temperatures across China are straining power grids as the country tries to Continue Reading
China’s economic slowdown is spilling over to major exporting nations in Europe and East Asia through falling demand for manufactured goods, causing Germany and South Korea to post rare deficits Continue Reading
Asian nations are letting up on discounted Russian oil exports, with Bloomberg data showing a 13% decline over the past four weeks as Chinese and Indian demand ease, chipping away Continue Reading
China’s economic activity has started to recover from the late-May COVID-19 resurgence, while the government has also been stepping up fiscal and monetary stimuli to support the recovery. However, recovery Continue Reading
China’s crude throughput is likely to edge lower in July, weighed down by maintenance at state-owned refineries amid uneven oil product demand recovery and limited exports , S&P Global Commodity Continue Reading
Kyrgyzstan’s state utilities company is warning of potential energy shortages as a heatwave grips Central Asia. Toktogul, a reservoir used by Kyrgyzstan and its neighbors, is currently emptying out almost Continue Reading
More trouble for China’s rural commercial banks is more or less inevitable unless the property market turns around soon. A protest by bank depositors in the province of Henan has Continue Reading
BEIJING, July 22 (Reuters) – China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state Continue Reading
Honda Motor Co (7267.T) said it would slash production by up to 30% in Japan next month against original plans due to persistent supply chain and logistical issues. Two lines Continue Reading
Photovoltaic modules at a solar power plant near Golmud, Qinghai province, China. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s government is preparing to intervene to halt soaring polysilicon prices that have Continue Reading
Vehicles travel along the Pan Island Expressway in Singapore. The cost for the right to buy a car in Singapore has reached a record high for large automobiles and risen Continue Reading
China’s fuel oil exports over January-June slumped 7.3% year on year to 9.09 million mt (318,982 b/d), pressured by a sharp rise in domestically produced barrels amid ambitious plans to Continue Reading
Top two refiners suspend purchase of Russian crude Russian coal imports plunge 60%, LNG imports hike 26% in June Japan’s Russian crude oil imports fell to zero in June, while Continue Reading
India’s economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month. Softer Continue Reading
Customers queue outside a Western Sydney chemist to purchase Rapid Antigen Test kits in the wake of the coronavirus disease (COVID-19) pandemic in Sydney, Australia, January 5, 2022. REUTERS/Jaimi Joy Continue Reading
Bloomberg News For those dismayed at the searing heat afflicting much of the planet, some sobering news from the world’s biggest coal industry: the dirtiest fossil fuel will remain China’s Continue Reading
High LNG prices have made the commodity significantly less popular in China. Coal-supportive policies are making coal-fired power more attractive. Lower power demand as a result of China’s strict covid Continue Reading
ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any Continue Reading
China’s imports of Russian crude oil fell 10.6% from a record high in May to 1.78 million b/d, or 7.29 million mt, in June, but the producer remained the biggest Continue Reading
June Russian oil imports 1.77 mln bpd, +9.5% y/y Saudi No.1 supplier for H1 at 1.75 mln bpd; Russian 1.67 mln bpd H1 imports from Angola -14% y/y, Brazil -23% Continue Reading
India’s gasoline and diesel sales during the first half of July dropped from last month as seasonal rains curtailed demand in the world’s third-biggest energy consumer, that could help keep Continue Reading
Several large Chinese cities including Shanghai are rolling out new mass testing or extending lockdowns on millions of residents to counter new clusters of COVID-19 infections, with some measures being Continue Reading
A persistent heatwave is hobbling China’s ability to keep its factories operating as virus curbs disrupt the supply of coal and inventories of the fuel run low. The government’s pledge Continue Reading
Gasoline exports slumped by 42 percent annually in the first half of this year compared to the same period of 2021. Chinese authorities continue to reduce export quota. Combined with Continue Reading
Covid-19 is surging around the United States again in what experts consider the most transmissible variant of the pandemic yet. But something is different this time: The public health authorities are holding Continue Reading
