Two of China’s biggest cities ordered residents to undergo mass Covid-19 tests this week, highlighting the risk that fresh outbreaks could trigger new and economically costly lockdowns. Authorities in Tianjin, Continue Reading
China’s gasoil, gasoline and jet fuel exports in June dropped to a seven-year low of 1.58 million mt, or 426,000 b/d, data released by the General Administration of Customs July Continue Reading
Japan hopes to restart four more nuclear reactors in time to avert any power crunch over the winter, industry minister Koichi Hagiuda said on Friday, a week after the pro-nuclear Continue Reading
Bloomberg News China is censoring crowd-sourced documents tallying the number of mortgage boycotts spreading across the country, potentially hampering a key source of data for global investors and researchers tracking Continue Reading
Two years ago, China’s economy bounced back briskly after suffering its worst contraction in decades when authorities locked down the metropolis of Wuhan to keep the coronavirus at bay. China Continue Reading
Office workers line up at a Covid-19 testing booth in downtown Shanghai on July 13. China’s daily tally of Covid-19 cases rose to the highest level in more than seven Continue Reading
China’s property downturn showed little signs of improvement in the three months through June, with its output contracting for the fourth straight quarter and clouding the growth outlook for the Continue Reading
Los Angeles County may reinstate an indoor mask mandate. More than half the U.S. population lives in counties where Covid-19 cases and hospitalizations are high enough that people should wear Continue Reading
Highlights Record temperatures logged by 71 national weather stations Power loads in Zhejiang, Jiangxi, Jiangsu hit record highs China’s power consumption to grow 5%-6% in 2022 Extreme heat is sweeping Continue Reading
China’s economy grew at the slowest pace since the country was first hit by the coronavirus outbreak two years ago, making Beijing’s growth target for the year increasingly unattainable as Continue Reading
Japanese Prime Minister Fumio Kishida’s new push to restart nuclear reactors probably won’t be enough to avert a looming power crunch later this year that will bring new risks of Continue Reading
Aggregate new home sales at China’s 100 largest developers have fallen every month on a year-on-year basis since last July. Global investors and home buyers in China are losing confidence Continue Reading
When countries around the world have stumbled in the face of pandemic headwinds, China has often stood apart, seemingly impervious to financial pressures that undermined growth. But now, dragged down Continue Reading
China’s crude throughput fell 6% year on year to 332.22 million mt, or 12.75 million b/d, over January-June, National Bureau of Statistics data showed July 15, as GDP growth in Continue Reading
Searing heatwaves swept across China’s vast Yangtze River basin on Wednesday, hammering densely populated megacities from Shanghai on the coast to Chengdu deep in the heartlands. More than 90 red Continue Reading
BP Plc (BP.L) is aiming to start producing sustainable aviation fuel (SAF) in Australia by 2025 after converting its oil refinery near Perth to produce renewable fuels, a senior executive Continue Reading
China’s independent refiners are set to push their runs even higher in July, extending the trend seen in June when throughput rose to five-month highs, as strong driving demand during Continue Reading
Japan, the world’s second-largest LNG importer, urged the United States and Australia on Tuesday to boost production and deliveries to ensure enough supply of the hottest energy commodity. “ I Continue Reading
A surge in hydropower output in China this year, boosted by record-breaking rainfall, is helping the world’s biggest polluter meet green targets as well as cut liquefied natural gas imports Continue Reading
China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces uncertainty Darkening global economic backdrop, Ukraine war add to Continue Reading
Chinese financial markets are flashing warning signs that another round of Covid shutdowns could create more turmoil for the economy. The Hang Seng China Enterprises Index of stocks has lost Continue Reading
China’s economic engine has shuddered in recent months, hurt by lockdowns imposed to curb the spread of Covid. Housing sales sagged. Many shops and restaurants in some cities shuttered, some maybe for Continue Reading
Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Continue Reading
Highlights Ruling eases concerns following string of loading disruptions Kashagan deliveries into linked pipelines continuing after maintenance Loadings of Kazakh CPC Blend crude oil at the Russian port of Novorossiisk Continue Reading
: Shanghai reported its first case of the BA.5 sub-variant. Emma O’Brien reports. Bloomberg News Oil declined as the prospect of more demand-sapping virus restrictions in China overshadowed signs of Continue Reading
Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay Continue Reading
Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for Continue Reading
Commodity investors looking to China to reverse the severe rout in global metals markets may be disappointed, with Beijing unable to deliver the kind of investment splurge that powered past Continue Reading
India’s Russian oil imports since Ukraine war soar New Delhi feels it lost out when Iranian sanctions imposed Wants to buy cheap oil, in part because China doing same Officials Continue Reading
Customers purchase pork at a food market in Shanghai in June. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s consumer prices grew faster than expected in June, partly driven by a rebound Continue Reading
China’s support for Russia’s war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues, U.S. Secretary of Continue Reading
The United States is exporting millions of barrels of oil from its emergency oil reserves to Europe and Asia. “The SPR remains a critical energy security tool to address global Continue Reading
Appeal on loading suspension order remains unresolved Tokayev seeks cooperation with Chevron on alternative routes Kremlin stresses Russian friendship, cooperation with Kazakhstan Kazakhstan’s exports of flagship crude grade CPC Blend Continue Reading
China is turning back to low-cost coal to boost its ailing economy. It’s an understandable reaction to the toll caused by Covid lockdowns. But it will come with a steep price for Continue Reading
Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and Continue Reading
China’s Ministry of Finance is said to be considering a $220 billion sale of special bonds. James Mayger reports. Bloomberg News China’s Ministry of Finance is considering allowing local governments Continue Reading
Tesla Inc. monthly shipments of China-made vehicles rebounded to a record in June, a stunning recovery after restrictions to stop the spread of Covid in Shanghai knee-capped the carmaker’s factory Continue Reading
The European Union plans to become the top investor in the world’s tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its Continue Reading
-Kazakh President Kassym-Jomart Tokayev on Thursday told his government to diversify its oil supply routes, a day after a Russian court ordered the Caspian Pipeline Consortium to suspend activity for Continue Reading
After three years as the world’s most popular maker of battery-powered cars, Tesla was this week forced to hand back that crown to one of the industry’s least known yet Continue Reading
Japan’s Ministry of Economy, Trade and Industry is urging domestic LNG importers to speed up securing alternative supplies to Russian LNG and is also accelerating its own efforts to consider Continue Reading
US, Allies Discuss Capping Russian Oil Russian President Vladimir Putin has found another weapon to use against European countries supporting Ukraine — Kazakhstan’s crude — and it will cost him Continue Reading
Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… A new report on environmental Continue Reading
It’s that time of the year again when heavy rains in the Indian city of Mumbai and nearby areas have disrupted the lives of millions of people in the country’s Continue Reading
Tanker operators willing to ship Russian crude are making a substantial amount of money sending Russian crude to China from Russia’s Far East. According to data compiled by Bloomberg, by Continue Reading
Japan is facing an energy crisis that can severely hurt the world’s third-largest economy as it is forced to tackle a combination of a weak local currency, the fallout from Continue Reading
China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced slackening in its total crude oil imports, squeezing out supplies from the Middle East and West Continue Reading
Bloomberg News China issued its latest batch of fuel export quota for the year, but total allowances are still around 40% less than the same point in 2021. Some 5 Continue Reading
Singapore media professional Ellie Lim gave up her plan to buy a new Volvo SUV to ferry her newborn baby when she realized it was going to cost her more Continue Reading
As Japan struggles to deal with the hottest early summer on record, Prime Minister Fumio Kishida says the country must quickly restart more of its nuclear power plants. For the Continue Reading
