Deadly Typhoon Threatens Strategic Chinese Oil Hub
The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some of Continue Reading
China Could See Slowest Oil Import Growth In Two Decades
High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001, Continue Reading
FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks
State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013, a Joint Cybersecurity Advisory, coauthored by the Cybersecurity and Infrastructure Continue Reading
Many migrant workers stranded in Chinese cities hit by floods
For many migrant workers caught up in severe flooding in the central Chinese city of Zhengzhou, crossing town to stay with relatives in less affected areas or returning to their Continue Reading
AP-NORC poll: Most unvaccinated Americans don’t want shots
Most Americans who haven’t been vaccinated against COVID-19 say they are unlikely to get the shots and doubt they would work against the aggressive delta variant despite evidence they do, Continue Reading
‘Climate Chancellor’ Merkel Leaves Germans Flooded and Frustrated
Merkel at a plenary session of the German Bundestag in June As she leaves office, Angela Merkel, hailed for her pioneering global leadership on climate change, stands accused at home Continue Reading
Russia reports 23,947 new COVID cases – authorities
Russia on Saturday reported 23,947 new coronavirus cases and a repeat all-time high in the number of deaths related to the virus, at 799. Russia has been in the grip Continue Reading
The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
Prince Abdulaziz bin Salman Abdulaziz bin Salman, the most powerful man in petroleum, navigates unruly OPEC+ nations, huge swings in price and production—and the end of fossil fuels. The Boeing Continue Reading
Biden’s China Policy Borrows From Trump and Adds Allies to Raise Pressure
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading
China Taps Into Crude Reserves To Curb Oil Price Rally
The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to curb Continue Reading
China aims to install over 30 GW of new energy storage by 2025
China aims to install more than 30 gigawatts (GW) of new energy storage capacity by 2025, its state planner said on Friday, as part of efforts to boost renewable power Continue Reading
Study: Chinese COVID shot may offer elderly poor protection
BUDAPEST, Hungary (AP) — A new study suggests that a Sinopharm vaccine offers poor protection from COVID-19 among the elderly, raising questions for dozens of countries that have given the Continue Reading
China Flood Death Toll Rises Along With Questions Over Infrastructure
The death toll from severe floods in central China rose to at least 33 people, local authorities said, as they grappled with the fallout from record rainstorms and faced questions over their Continue Reading
Low margins constrain China’s coal and gas fired plants amid peak summer demand
China’s power production hit all-time high in mid-July Thermal coal prices at all-time high on tight demand-supply Deep losses cap operating rates of gas-fired power plants China’s coal-fired and gas-fired Continue Reading
China to cut oil product exports to 1.07 mil mt in Aug amid tight quotas
Highlights To export 300,000 mt gasoil, 600,000 mt jet fuel 2-year high gasoline crack encourages export increase China’s oil companies plan to further slash their exports of key oil products Continue Reading
Merkel defends U.S. Nord Stream 2 deal as Ukraine cries foul
Pipeline will pump Russian gas to Germany, nearing completion Germany, US have agreed deal to help protect Ukraine interests Merkel says Germany has tools to act if unhappy with Russia Continue Reading
Russia Is Ready to Ban Gasoline Exports If Record Prices Persist
Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange. On Thursday the price for a tonne of Continue Reading
U.K. Economy Shows Signs of Slowing as Covid Hits Supply Chains
Britain’s economy showed signs of slowing in July as euphoria following the easing of coronavirus restrictions eased and a resurgence of the coronavirus caused widespread staff shortages. An index based Continue Reading
Warning signs for global recovery as Delta dims outlook
A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible Continue Reading
Chinese City Hit by Deadly Floods Suffered Heatwaves Days Before
Just days before devastating floods hit the central Chinese city of Zhengzhou, its province of Henan endured heatwaves that swept across several industrial regions, threatening power outages. Now the city Continue Reading
China Ramps Up Coal Production To Meet Growing Energy Demand
While the rest of the world is trying to come to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying of charges Continue Reading
China Offers Oil Reserves in Unprecedented Move to Cool Rally
China offered millions of barrels of oil from its strategic state reserves this month in an unprecedented move to try and quell inflation brought on by rising costs of everything Continue Reading
China rejects WHO plan for study of COVID-19 origin
A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus disease (COVID-19) outbreak, in Geneva, Switzerland, April Continue Reading
Death rates soar in Southeast Asia as virus wave spreads
Indonesia has converted nearly its entire oxygen production to medical use just to meet the demand from COVID-19 patients struggling to breathe. Overflowing hospitals in Malaysia had to resort to Continue Reading
Delta Variant of Covid-19 Isn’t Expected to Dent Robust U.S. Recovery
The highly contagious Delta variant of Covid-19 doesn’t pose an immediate risk to the strength of the U.S. economic recovery, with analysts expecting a robust expansion to continue in the Continue Reading
Germany to take steps against Russia under pipeline deal with U.S.
Germany will act to curb Russia’s ability to export energy if Moscow takes aggressive actions against Ukraine or uses energy as a weapon, a U.S. diplomat said of a U.S.-German Continue Reading
Nord Stream 2: U.S., Germany reach agreement on Russian gas pipeline
524 The Biden administration reached an agreement with Germany on Wednesday that allows for the completion of a controversial natural gas pipeline between Russia and Germany, ending a heated dispute Continue Reading
US, Germany strike energy security pact to protect Ukraine after Nord Stream 2 startup
Highlights Ukraine promised energy transition funds, EU sanctions muscle Platts Analytics expects commercial gas supplies to flow in October US remains opposed, will enforce sanctions on ‘case-by-case’ basis The US Continue Reading
Nord Stream 2 proposals insufficient to counter security threat: Ukraine, Poland
Highlights US, Germany reach deal on mitigating pipeline impact Ukraine President to visit Washington on Aug. 30 ‘No agreement on Ukraine without Ukraine’: Vitrenko US and German measures designed to Continue Reading
Hackers Put Aramco’s Data For Sale On The Darkweb For $5 Million
Saudi Aramco has suffered a data breach in which cyber attackers have stolen 1 terabyte of proprietary data of Saudi Arabia’s oil giant and are selling it on the dark Continue Reading
Research: India’s deaths during pandemic 10X official toll
NEW DELHI (AP) — India’s excess deaths during the pandemic could be a staggering 10 times the official COVID-19 toll, likely making it modern India’s worst human tragedy, according to Continue Reading
Two-thirds of Indians have Covid antibodies, government study shows
An estimated two-thirds of people in India have Covid-19 antibodies, according to a new government survey that has raised hopes that the worst of the country’s pandemic crisis is over, Continue Reading
China floods: Thousands evacuated as rail stations and roads submerged
Roads and subway stations are submerged across China’s Henan province Torrential rain has caused severe flooding in parts of central China, leaving train stations and roads submerged. More than 10,000 Continue Reading
China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports
Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19 percent last month amid Continue Reading
China Faces Outages Amid Soaring Power Demand
Areas in China have started to warn residents and businesses that peak summer demand amid a heatwave could lead to outages as electricity grids buckle under peak-load surges, Bloomberg reports Continue Reading
At least 16 dead as China province deluged by heaviest rains in 1,000 years
12 die in Zhengzhou subway flood; 4 deaths reported in Gongyi Henan hit by heavy rains since weekend; more rain forecast Provincial capital Zhengzhou, dozen other cities flooded ‘Flood prevention Continue Reading
Delta variant behind more than 80% of U.S. cases; vaccines still highly effective -Fauci
The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations Continue Reading
Heat Wave Sends European Power Prices Surging From U.K. to Spain
Scorching heat is boosting electricity prices across Europe, adding to a long list of factors that have sent power costs surging this summer. The extreme temperatures are boosting demand for Continue Reading
Push to get wary Russians vaccinated leaves some COVID clinics short
Alexander tried three times over 10 days to get his first dose of Russia’s Sputnik V coronavirus vaccine in his home town of Vladimir. Twice, supplies ran out as he Continue Reading
U.S., Germany to vow action on Russia in Nord Stream 2 deal -sources
The United States and Germany will take action against Russia if it uses the Nord Stream 2 gas pipeline to harm Ukraine or other Eastern European countries, according to two Continue Reading
Moscow, capital of oil-rich Russia, targets electric car growth
Moscow, capital of one of the world’s biggest hydrocarbon exporters, plans to boost the use of electric cars by rolling out a raft of charging infrastructure in the coming years, Continue Reading
U.S.-German Deal on Russia’s Nord Stream 2 Pipeline Expected Soon
The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural-gas pipeline, according to officials from Berlin and Washington, who expect to announce the deal as Continue Reading
Saudi Arabian crude oil exports hit four-month high in May
Saudi Arabia’s crude oil exports rose in May to 5.649 million barrels per day (bpd), their highest level in four months, Joint Organisations Data Initiative (JODI) said on its website Continue Reading
Third Covid Wave Upends Fragile South Africa, a Warning for Developing World
Sello Kgoale watched his neighbors shuttling back and forth with looted liquor, refrigerators and flat-screen televisions. There were no police at a nearby mall, they told him, so the 46-year-old Continue Reading
Research: India’s deaths during pandemic 10X official toll
India’s excess deaths during the pandemic could be a staggering 10 times the official COVID-19 toll, likely making it modern India’s worst human tragedy, according to the most comprehensive research Continue Reading
Australia’s COVID-19 lockdowns cover more than half the 25 million population
More than half of Australia’s 25 million population is under lockdown after a third state-imposed movement restriction on Tuesday to contain the spread of the highly contagious COVID-19 Delta variant. Continue Reading
China’s Changing Policies Could Create A Huge Oil Demand Deficit
Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the world’s largest Continue Reading
Biden clean energy plan key to restoring industry job losses, says U.S. official
The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, Continue Reading
Exclusive: U.S., Germany to announce deal on Nord Stream 2 pipeline in coming days – sources
The United States and Germany are expected to announce a deal resolving their longstanding dispute over Russia’s $11 billion Nord Stream 2 natural gas pipeline in coming days, sources familiar Continue Reading
Vaccine inequity: Inside the cutthroat race to secure doses
No one disputes that the world is unfair. But no one expected a vaccine gap between the global rich and poor that was this bad, this far into the pandemic. Continue Reading