China’s Power Play To Get Its Hands On Foreign Oil
In accordance with the “new guidelines” for its economic development, China is trying to get back to the well-known “Silk Road,” a $900 billion scheme of a “new era of Continue Reading
Analysis: China’s appetite for Iraq’s Basrah crude grows amid Venezuela sanctions
Chinese refiners yet to fully secure Venezuelan crude supply for Q2 Basrah spot differentials rally amid tight heavy crude supply Independent refiners also eye heavy sour Canadian grades Singapore — Continue Reading
Biofuel concept could offset Australia’s critically low oil reserves:
Electrification looms large on the horizon as an inevitability for medium range commercial vehicles especially in urban delivery applications, yet, the safe adaptation of it in long haul road transport Continue Reading
World’s Largest EV Market Loves Gas Guzzling Trucks
While China may be the world’s largest market for electric vehicle sales, Chinese car buyers have a new love affair: pickup trucks. As in the U.S., pickups are ideal for Continue Reading
Uganda: Government, Chinese Firm Sign Shs500b Oil Roads Deal
Government yesterday signed a multi-billion deal with the China Railway Seventh Group to design and construct Masindi-Biso, Kabaale-Kizirafumbi and Hohwa-Nyairongo-Kyarushesha-Butole road. The 97km road is part of the 700km critical Continue Reading
What Is Pushing China Back To Coal?
Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation Continue Reading
Japan Struggles To Diversify Energy Mix
The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of wind and solar Continue Reading
China Can’t Get Enough Of This Discounted Oil
China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports , adding that Continue Reading
Chinese industrial profits suffer sharpest contraction in a decade
Profits at large Chinese industrial companies fell at the fastest pace in almost a decade at the start of 2019, in the latest sign of a slowdown for the world’s Continue Reading
China’s Mad Scramble To Boost Domestic Oil Production
For countries who have complete control over their oil industry through their state-run oil behemoths, it’s easy to order them to increase oil output—costs be damned. But sinking money into Continue Reading