According to Scotiabank, the growing risk that China will devaluate its currency – the yuan – in the upcoming weeks is posing a risk to
Category: Asia
China-Belaruskali Deal Shakes up the Potash Industry
The decision of Belarus’ potash giant Belaruskali to sell its potash to the Chinese for $315 a tonne by mid-2015 has shaken up the potash
Iran Stores 30 million Barrels of Oil on its Tankers Offshore
Iran has been reported to be storing at least 30 million barrels of oil on its fleet of tankers as West-imposed sanctions keep on making
South Korea’s Crude Imports from Iran Drop by a Half
According to the preliminary customs data, South Korea decreased its imports of crude oil from Iran by 50 percent between February 2014 and February 2015.
China to Allow More Independent Oil Refiners
Beijing has decided to allow more independent oil refiners to import oil from abroad hoping to lower domestic fuel prices and improve fuel quality. China
China Considers Mergers to Create Its Own “Exxon Mobil”
The Chinese authorities have for long wanted to merge China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the parent of Sinopec,
Idle LNG Tankers Parked around Singapore
More than a dozen of LNG tankers are currently parked around Singapore – one of the biggest trading hubs for fuel in the world –
Pakistan’s Engro Fertilizer Looking for Investment Abroad
Karachi-based Engro Fertilizers Limited is considering new investments and an extension to its production outside Pakistan. Locations being considered include mostly the Middle East and
Iran’s Predicament in Attracting Foreign Investors
Iran is seeking to attract attention and interest of foreign investors deterred by both West-imposed sanctions and cheap oil as the country’s President is trying
China’s Commodity Data for 2014 Reveal Important Trends
China’s commodity trade statistics for last year confirms that the country has switched to higher import volumes that are dependent on lower commodity prices with