Hungry for fuel, China looks to the US, Europe looks to aid plans

A coal-fired power plant can be seen in the city of Baotou, in China’s autonomous region of Inner Mongolia, October 31, 2010. REUTERS / David Gray Chinese companies in negotiations with US LNG suppliers – sources Coal prices hit record highs in China due to shortages Poland, Germany are taking steps to support consumers Oil … Read more

EXCLUSIVE China appears to retain LNG in US as energy crisis raises concerns

SINGAPORE/NEW YORK, Oct. 15 (Reuters) – Major Chinese energy companies are in advanced talks with US exporters to secure long-term supplies of liquefied natural gas (LNG) as rising gas prices and domestic power shortages raise concerns about fuel security of expanding the country, several sources said. At least five Chinese companies, including major state Sinopec … Read more

China’s coal prices hit record highs, early winter chilly cold adds to energy problems

Fishermen sail a boat past a power plant of the State Development and Investment Corporation (SDIC) outside Tianjin, China, October 14, 2021. REUTERS/Thomas Peter Chinese coal price reaches record high Power reform comes into effect Cold winds from the north blow through central and eastern China China’s Met Office predicts sharp temperature drops BEIJING, Oct. … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more

Asian equities plunge to nearly a year low as oil rally fuels inflation fears

Asian equity markets plunge to multi-month lows Benchmark Index Drops for Third Consecutive Session Rising energy prices rattle markets SINGAPORE, Oct. 5 (Reuters) – Asian stocks followed a broad sell-off on Wall Street to weaken for a third straight session on Tuesday as investors feared oil prices reaching multi-year highs would add to inflationary pressures … Read more

China power crunch strikes factories; coal lobby warns misery could last until winter

SHENYANG, China, Sept. 30 (Reuters) – Small businesses caught up in China’s protracted energy crisis are turning to diesel generators, or simply shutting down, as coal officials voiced fears over winter stocks and production shrunk the No. 2 economy. Beijing is scrambling to supply more coal to utilities to restore supplies as the northeast struggles … Read more

China tries to quell fears of a power crisis as coal prices rise and winter approaches

A coal-fired heating complex is seen behind the ground covered in snow in Harbin, Heilongjiang province, China, November 15, 2019. Photo taken November 15, 2019. REUTERS/Muyu Xu//File Photo State planner orders railway companies, local authorities to ensure coal supply ‘With child, elderly at home, no heat is a problem’ – resident of Shenyang Thermal coal … Read more

China’s energy crisis triggers alarm, begs for more coal

Jilin Province Governor Urges More Coal Imports Environmental controls, rising prices undermine electricity generation Fear when power cuts hit traffic lights, 3G networks, factories SHANGHAI, Sept. 28 (Reuters) – As a serious power outage sweeps through China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and … Read more

Asian markets struggle with Evergrande fallout, eye for power crisis in China

A man stands in front of a screen showing the Nikkei stock average and the world’s stock indices outside a brokerage amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, Dec. 30, 2020. REUTERS/Issei Kato//File Photo HONG KONG, Sept. 28 (Reuters) – Asian stocks fell mainly on Tuesday as investors continued to worry about China … Read more

Act normally, UK transport secretary tells Britons queuing for fuel

BRIGHTON, England, Sept. 26 (Reuters) – Transport Minister Grant Shapps on Sunday called on Brits to behave normally when buying petrol. . In recent days, long lines of vehicles have formed at gas stations as motorists waited for hours to refuel after oil companies reported a lack of drivers was causing transportation problems from refineries … Read more