The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, Continue Reading
Default fears have continued to stalk the China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm. The Evergrande Group, one of China’s biggest real-estate Continue Reading
China’s energy industry is caught between a rock and a hard place. As the world’s second-largest economy has surged back to life in the wake of the novel coronavirus pandemic, Continue Reading
China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is Continue Reading
Top state refiners Sinopec Corp, PetroChina and leading private chemical giants like Hengli Petrochemical (600346.SS) and Zhejiang Petrochemical Corp are set to join the country’s first state oil reserve auction Continue Reading
Chinese President Xi Jinping on Tuesday said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country’s huge engineering industry away from adding to Continue Reading
Europe is being ravaged by an unprecedented energy crisis, and it may already be spreading. Asia, the world’s biggest buyer of gas and coal, may be next, with China particularly Continue Reading
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to TASS . Gazprom’s CEO Alexey Miller Continue Reading
China is estimated to have sent around 760,000 barrels per day (bpd) of crude oil to its strategic and commercial reserves in August, as refinery throughput in the world’s top Continue Reading
Trucks carrying liquefied natural gas (LNG) are seen at Sinopec’s LNG terminal in Tianjin, China October 22, 2018. Picture taken October 22, 2018.REUTERS/Stringer SINGAPORE, Sept 17 (Reuters) – China’s oil Continue Reading
International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come Continue Reading
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading
Beijing’s pressure on the real-estate sector is being felt far beyond China Evergrande Group, raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another Continue Reading
China will toughen punishments for regions that fail to meet targets aimed at controlling energy use, the state planning agency said in new policy guidelines published on Thursday. China has Continue Reading
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading
Johns Hopkins’ Hansoti Booster shots are in the spotlight, as a highly anticipated study in Israel showed a third Pfizer Inc. dose can dramatically reduce rates of virus-related illness in Continue Reading
China is staring down another winter of power shortages that threaten to upend its economic recovery as a global energy supply crunch sends the price of fuels skyrocketing. The world’s Continue Reading
For a long time, China’s energy policy has centered around one primary and pressing goal: to establish energy security. As the biggest importer and second-biggest consumer of oil in the Continue Reading
China’s crude oil throughput continued to fall in August, with daily runs hitting the lowest since May 2020, as a resurgence in coronavirus cases and a drastic cut in fuel Continue Reading
China’s economy weakened further last month after government measures to contain the virus curbed consumer spending. Singapore said the treatment plan for most people with breakthrough infections will be home Continue Reading
China’s first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices. Continue Reading
Nearly three-quarters of residents of countries with some of the world’s most advanced economies worry that climate change will one day create suffering in their own lives, according to a Continue Reading
China’s economic slowdown worsened in August as coronavirus outbreaks exposed lingering weakness in consumer spending and cast greater doubts over the country’s growth prospects. Retail sales rose just 2.5 percent Continue Reading
China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg Continue Reading
Oil prices were choppy last week, but as of this writing, have so far failed to break out of last week’s trading range. Further to that end, the oil market Continue Reading
China is taking a page out of the Keynesian central banking playbook on how to micromanage an entire economy and is now reportedly fining auto chip sales companies for driving Continue Reading
New local COVID-19 infections more than doubled in China’s southeastern province of Fujian, health authorities said on Tuesday, prompting officials to quickly roll out measures including travel restrictions to halt Continue Reading
Chinese data this week will show the damage done from a widespread Covid outbreak last month that partially shut the world’s third-busiest container port and sent parts of the country Continue Reading
The furnaces and cooling towers on Capital Steel Campus in west Beijing used to spew toxic smoke. Today they’re nothing more than quaint paraphernalia decorating an 860-hectare park, which has Continue Reading
China to sell state crude reserves in phases via public auction Top oil importer’s producer price inflation at 13-yr high in Aug Auctions could sell off 10-15 mln bbl of Continue Reading
Remember when China vowed last year to hit peak carbon emissions in 2030 and to reach carbon neutrality in 2060? Maybe it will (spoiler alert: it won’t)… … but long Continue Reading
In this Aug. 17, 2021, file photo, patient with COVID-19 on breathing support lies in a bed in an intensive care unit at the Willis-Knighton Medical Center in Shreveport, La. Continue Reading
Royal Dutch Shell is considering making it mandatory for workers in some operations to get COVID-19 vaccinations or risk being fired, an internal company document seen by Reuters shows. The Continue Reading
Companies are delaying sending employees back on the road this fall amid another surge in coronavirus cases. Airlines and hotels had hoped that business travel—one of the most lucrative pillars Continue Reading
More than 40 million cases of the coronavirus have been recorded in the United States, according to a New York Times database. The total number of known infections, more than Continue Reading
Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, Continue Reading
In the 20th century, oil became a major geopolitical weapon, most notably during OPEC’s 1973 oil embargo which caused a cataclysm shift in global power relations. OPEC continues to utilize Continue Reading
China and the US have failed to reach a climate agreement after Biden’s climate envoy John Kerry pushed Beijing to make more public pledges before a UN climate summit in Continue Reading
Sydney, the epicentre of Australia’s biggest coronavirus outbreak, is expected to see daily infections peak next week, authorities said on Monday, as they look to speed up immunisations before easing Continue Reading
Japanese automakers Honda Motor (7267.T) , Nissan Motor (7201.T) and Toyota Motor (7203.T) saw their sales in China tumble in August as a chip shortage hit vehicle production in the Continue Reading
U.S. climate envoy John Kerry said political tensions with China affect the outlook for climate cooperation, as top Chinese officials pushed Washington to commit to improvements in their broader relationship. Continue Reading
Brian Pierce, the coroner in Baldwin County, Ala., thought he had seen the last of the coronavirus months ago as the area’s death count held steady at 318 for most Continue Reading
Iran’s new Oil Minister, Javad Owji, met on Thursday with a top official from the China National Petroleum Corporation (CNPC) in Tehran to discuss cooperation and expansion of bilateral relations. Continue Reading
After recording the worst monthly loss this year in August, the oil markets have kicked off trading in September on a much brighter note on a trifecta of positive developments. Continue Reading
China’s attempt to curb carbon emissions and conserve electricity while being able to ensure economic growth is wreaking havoc across commodities markets. China’s efforts to thread the needle between an Continue Reading
Trucked LNG prices in southern China, including Guangdong and Fujian provinces, have surged to around Yuan 6,000/mt ($527.66/mt) in the last couple of weeks, a record high for the summer Continue Reading
China is cracking down on its private-sector oil refiners in a bid to close tax loopholes and mitigate pollution. Approximately a quarter of the nation’s mammoth refining capacity comes from Continue Reading
Back in April, in the midst of a contentious trade spat and unofficial coal embargo between China and Australia, Oilprice speculated that the winner of the battle may not be Continue Reading
China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and COVID-19 lockdowns Continue Reading
China’s top offshore oil and gas producer, CNOOC, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more Continue Reading
