China Energy Giants in Talks for Shell’s Russian Gas Stake
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Pakistan looks for alternatives as South African coal remains out of bounds
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
Eight-Hour Blackouts Hit India After Hottest March on Record
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
India’s big industrial states plan massive coal imports to stave off shortages
Three of India’s most industrialized states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push Continue Reading
Shanghai people ‘not free to fly’ out of homes as COVID cases tick back up
Shanghai authorities said on Thursday that tough restrictions would remain in place for now even in districts that managed to cut COVID-19 transmission to zero, prolonging the agony for many Continue Reading
China Sales Index Falls to 22-Month Low During April Lockdowns
China’s economic activity took a dramatic hit in April, according to a survey of sales managers that offered an early indication of how badly expansive Covid lockdowns weighed on the Continue Reading
Surprisingly low Shanghai COVID death count spurs questions
Lu Muying died on April 1 in a government quarantine facility in Shanghai, with her family on the phone as doctors tried to resuscitate her. She had tested positive for Continue Reading
Chinese credit card processor rebuffs Russian banks
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Continue Reading
Market forecasts China’s 2022 soybean demand falling up to 6% as feed requirements dip
Demand for soybeans from China — the world’s biggest importer of soybeans — is forecast to fall 3.5%-6.1% year on year in 2022 due to lower demand from the downstream Continue Reading
For oil refiners, now is the summer of distillate content
Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of Continue Reading