Business News Asia
The U.S. Energy Information Administration (EIA) estimates that total U.S. energy consumption will decline 0.9% in 2023 as the economy grows only moderately. In its January short-term energy outlook (STEO), the EIA said that based on the S&P Global macroeconomic…
China’s daily coal production hits a record high in November 2022 as coal mines increase their production capacity to meet rising demand for heating fuel. This is despite logistical problems and increases in coal inventories caused by China’s strict COVID…
European diesel imports from around the world are approaching a record high ahead of the Russian fuel import ban. The United Kingdom and the European Union (EU) imported more than 16 million barrels of marine diesel in the first ten…
The National Energy Administration of China has announced that China’s renewable energy production capacity has been growing steadily since the beginning of 2022 as part of the country’s efforts to become more environmentally friendly. China’s total energy capacity at the…
The General Administration of Customs of China (GACC) reported that China continued to increase Russian energy imports in October. Purchases of natural gas, coal, crude oil and oil products rose to nearly $60 billion since the Ukraine war, up from…
The Japanese government has asked households and businesses across the country to save electricity this winter. Prior to this, the government asked households and businesses to save electricity during the summer amid concerns about energy shortages. For the first time…
The International Energy Agency (IEA) has said that the decline in Russian fossil fuel exports following this year’s invasion of Ukraine will change the global energy landscape for decades and may help accelerate the transition to cleaner energy. The IEA’s…
The Executive Director of the International Energy Agency (IEA) Fatih Birol warned that emerging and developing countries are among the hardest hit by rising energy prices. “It is not the U.S. who will suffer the most (from) the high energy…
The executive director of the International Energy Agency (IEA) said that the tight market for liquefied natural gas (LNG) and production cuts by major oil producers have plunged the world into a real energy crisis for the first time. European…
French President Emmanuel Macron said Friday that U.S. trade and energy policies have led to a “double standard” as Europe is willing to pay higher natural gas prices. France is the last and largest country to withdraw from the Energy…
