Saudi Arabia seen cutting May crude prices to Asia: survey
Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai Continue Reading
Iraqi oil exports increased in March
Data show March exports from Iraq, one of OPEC’s top producers, at an average of 3.4 million barrels of oil per day were slightly higher than the previous month. March Continue Reading
Expect stability from oil-rich Kazakhstan, Fitch Ratings says
The outlook for a pipeline company that controls about half of the oil flow in Kazakhstan remains stable and supportive of growth, Fitch Ratings said. Fitch Ratings affirmed a BBB-rating Continue Reading
Latin American nations compete for capital in surge of oil auctions
For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead of keeping their vast reserves under the tight control of governments and state-run oil companies. Continue Reading
China hits U.S. goods with tariffs as ‘sparks’ of trade war fly
China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest Continue Reading
China’s Sinopec to more than double LNG capacity, boost shale gas output
BEIJING (Reuters) – China’s Sinopec group, parent of Sinopec Corp, aims to more than double its receiving capacity of liquefied natural gas over the next six years and lift domestic Continue Reading
China considering energy storage mandate for wind
A battery mandate is under consideration for new wind power installations in China, an energy-storage company said. File photo by Pat Benic/UPI April 2 (UPI) — In response to a Continue Reading
China Takes First Step In Paying For Crude Imports In Yuan
Just days after Beijing officially launched Yuan-denominated crude oil futures ( with a bang , as shown in the chart below, surpassing Brent trading volume) which are expected to quickly Continue Reading
Alibaba, Ford Unveil China’s First Car Vending Machine
China’s Alibaba wasn’t the first company to create a car vending machine – that honor belongs to a Singaporean entrepreneur who transformed Singapore’s Autobahn building into what appears to be Continue Reading
China cuts resources tax on shale gas production
China has cut resources tax on shale gas production by 30 percent from April 1, the Ministry of Finance said on Tuesday, as the world’s largest energy consumer aims to Continue Reading