The US Supreme Court ruling limiting Washington’s ability to cut power sector emissions has alarmed environmentalists around the world – and prompted a sharp retort from China. The Supreme Court voted to constrain the authority of the US Environmental Protection […]
Russia’s invasion of Ukraine has exposed a gap in socially-minded investing – a hands-off approach to geopolitics and human rights. Before Moscow sent troops into Ukraine on Feb. 24, Sberbank (SBER.MM), a Kremlin-backed bank already the […]
The Chinese government has announced that it will subsidize refiners if international benchmark crude prices hit $130 per barrel. COVID lockdowns have crippled China’s refinery output. The Chinese government will offer subsidies to refiners initially […]
Beijing’s caution in challenging U.S. supremacy around the globe might be dissipating. Practical ramifications for the global oil sector from China’s geopolitical shift would be enormous. President Xi has signed a new directive that gives […]
Cheap Russian oil is finding its way into more corners of China’s refining industry, with buyers from coastal and inland regions snapping up cargoes that the US and Europe can’t touch. Chinese companies registered in […]
Crude oil demand could be picking up again in China, but the market remains wary of increasing disruption to Russian supplies, Australia’s ANZ Bank said in a Wednesday note. Oil trader Vitol said Chinese demand […]
Around a third of the nation’s fuel processing is out of action Beijing tightly controls industry via a strict quota system As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, […]
People are reportedly lining up for hours in China to obtain money from their bank accounts in China. The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long. After […]
The New York Times Opinion By Ian Prasad Philbrick Taiwan has spent more than seven decades under the threat of an invasion: China sees the island as a breakaway part of its territory. In the months […]
Strict lockdowns in Shanghai and the resulting depressed fuel demand led in May to the largest annual decline in Chinese refinery production in at least the past decade, official data cited by Reuters showed on Wednesday. Last […]
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