From the U.K. Guardian: Oil fell from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand. . . . China’s April crude oil...
The Chinese government tries to abate the continuing fuel shortages by ordering its two major oil firms to increase their oil storage. From Reuters: China will from May 1 require wholesalers of refined oil products to maintain...
As diesel shortages continue to cause anxiety in the Chinese economy, the International Herald Tribune reports that the Chinese government is trying to allay concerns: China has sufficient fuel supplies to avoid a recurrence of...
From Reuters: China’s bid to end fuel shortages by ordering refiners to beef up supplies puts only a temporary cap on a problem that may keep bubbling up until the government bows to market forces. If global crude prices...
From AP via CNN.com: China has ordered increased monitoring to ensure steady fuel supplies, especially of diesel, that keeps the nation’s exports moving to global markets. The Commerce Ministry ‘s late order was made late Saturday amid a squeeze on supplies from Chinese refiners, who must pay more for imports but are restricted from raising […]
From AP via usatoday.com: China’s central government has subsidized transportation in rural areas and urged local officials to help the urban poor after it raised fuel prices by nearly 10% this past week, state media reported. Those who price gouge or spread rumors about the practice will be “severely punished” in order to maintain stable […]
From Reuters: China’s worst fuel crisis in two years spread to the capital and other inland areas by Wednesday , and one man was killed in a brawl at a petrol station queue, upping pressure on the government to intervene. Diesel shortages in China’s political heart, which escaped previous supply crunches unscathed, highlight tensions between […]
The following was written by CDT’s Jonathan Ansfield for his Biganzi column: Anyone who revels in shaming queue-jumpers in China might take this as a cautionary tale: According to a report in Zhengzhou’s Dahe Bao, a motorist waiting to gas up at a filling station died on Tuesday at the hands of a trucker who […]
Reuters and AP (via the International Herald Tribune) report on the fuel shortage currently hitting areas of China: The worst Chinese fuel crisis in two years spread to the capital and other inland areas Wednesday, even as the country’s top refiner pledged to guarantee supplies to a market crippled by the gap between state-set pump […]
From the International Herald Tribune: Sudden shortages of gasoline and diesel fuel in southeastern China have highlighted an ongoing debate over how quickly corporate influence and freedom of information are driving China toward a market-based economy. Many service stations in southeastern China, notably in cities near Hong Kong, have abruptly run out of fuel this […]
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