Chinese refineries processed a daily average of around 12.37 million barrels in May, or 371.34 million barrels (50.66 million tons). This is an 8.2-percent annual increase, according to the country’s Continue Reading
**China may offer US sanctions compliance for trade concessions **Chinese imports of Iranian crude up 6% from 2017 **Domestic banks, barter system may be used to evade sanctions China, Iran’s Continue Reading
But the good times for the teapots may be over as new tax rules have started to stifle their profit margins and could limit their purchases of crude oil, potentially Continue Reading
Together with its massive push to have more and more residential and industrial customers switch from coal to gas, China is aiming to overhaul the ownership of its huge gas Continue Reading
As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar Continue Reading
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman Continue Reading
Facing U.S. pressures on its banking channels, Iran’s economic minister said agreements were made with China to use their national currencies for trade. Iran’s banking channels could be impacted by Continue Reading
Through its emerging role in the global energy space, U.S. liquefied natural gas supports security for South Korea, a State Department spokesman said. U.S. Deputy Assistant Secretary of State for Continue Reading
Chinese solar companies sold off sharply on Monday following an announcement by the Chinese government that it would take measures that may curb the astronomical growth of its solar industry. Continue Reading
China’s crude oil imports dropped in May from the record-high in April, as some major refineries started planned maintenance and as China ordered some independent refiners to reduce operating rates Continue Reading
