Edition:
International

Muyu Xu

China wields political might to cool coal prices, but winter looms

Nov 12 2021

BEIJING (Reuters) -In just 10 days after a blizzard of meetings and official notices, Chinese regulators last month nearly halved soaring domestic prices for thermal coal, the main source of power for the world's No. 2 economy.

Traders left on the hook for expensive coal after China squashes prices

Nov 12 2021

BEIJING/SINGAPORE Chinese coal traders are selling cargoes at losses or trying to delay imports after Beijing's market interventions triggered a 50% price drop that saddled them with unprofitable supplies, according to several market participants.

China wields political might to cool coal prices, but winter looms

Nov 11 2021

BEIJING, Nov 12 In just 10 days after a blizzard of meetings and official notices, Chinese regulators last month nearly halved soaring domestic prices for thermal coal, the main source of power for the world's No. 2 economy.

China's ZPC studies crude to petrochemical technology to cut carbon

Nov 10 2021

SINGAPORE Privately-controlled Zhejiang Petrochemical Corp (ZPC), China's single-largest refiner and petrochemical producer, is exploring new technologies such as direct processing of crude into olefins to cut carbon emissions, a company executive said on Wednesday.

China coal prices claw back after Beijing signals pacing down price drive

Nov 03 2021

BEIJING (Reuters) -China thermal coal futures rebounded nearly 9% on Wednesday after falling for 10 straight days, as the government indicated to pace down price intervention at a meeting earlier in the day, traders said.

China taps oil reserve, refiners ramp up output to stave off diesel shortage

Nov 01 2021

BEIJING/SINGAPORE International crude benchmarks slipped on Monday but recovered following China's weekend statement that it would tap its state fuel reserve while national refiners ramp up output sharply to avert a diesel shortage in the world's second-largest oil user.

China CNOOC's Q3 revenue soars 64%, reaffirms green investment

Oct 28 2021

SINGAPORE (Reuters) -CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.

China's winter natural gas demand to rise 10% from year earlier

Oct 28 2021

TIANJIN, China China's demand for natural gas is expected to rise to 180 billion cubic meters (bcm) this winter, up 10% from a year earlier, an official at PetroChina, the country's top oil and gas producer, said on Thursday.

China traders hunt for coal price directions as Beijing reins in data providers

Oct 27 2021

BEIJING/SINGAPORE Chinese coal traders say they are scrambling for price information on spot transactions, relying on personal communications as Beijing steps up scrutiny amid efforts to tame prices.

World News