Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up, Continue Reading
U.S. crude oil shipments to China have “totally stopped”, the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world’s two biggest Continue Reading
China is raising by 42 percent the oil import quota for its non-state refiners—most of which are the independent refiners—for 2019 as new refinery capacity is planned to enter into Continue Reading
The new data showed that privately owned makers of cars, machinery and other products stopped expanding in September, as export orders dropped the most in more than two years. At Continue Reading
Beijing will not renew significant cuts on steel production and coal use aimed at improving air quality this winter, as policymakers look to boost China’s economic performance in the midst Continue Reading
China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Continue Reading
China’s top refiner Sinopec is halving its oil imports from Iran as of September, bowing to pressure from the United States, which is seeking to bring Iranian oil exports down Continue Reading
China’s Commerce Ministry said on Saturday it will issue 202 million tonnes of crude oil import quotas for “non-state trade”, generally meaning independent refiners, marking a 42-percent rise from this Continue Reading
A squeeze on oil demand is looming as a result of the U.S.-China trade war, a senior BP executive told Reuters. Acknowledging the bullish effect of U.S. sanctions on Iran Continue Reading
Chinese energy company Nexen, a unit of CNOOC, is preparing to pull out of the United States amid rising trade tensions, Reuters reports , citing three unnamed sources with knowledge Continue Reading
