From Bloomberg China last month imported two tankers of U.S. liquefied natural gas, nudging open a doorway that had been closed shut for a month at a time when America is rapidly expanding its ability to export the heating fuel. The three operating U.S. terminals soaked up more than 5.1 billion cubic feet of natural gas from American shale basins
CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies
From The Wall Street Journal The trade truce between the U.S. and China calms their economic battle and opens a brief window for the two nations to explore whether they can bridge deep divides on a range of difficult disputes. After a weekend dinner between President Trump and Chinese President Xi Jinping at a Group of 20 summit here, the
Falling U.S. petroleum imports have lowered the U.S. merchandise trade deficit by $250 billion from what it would have been otherwise, according to a report from IHS Markit. IHS reports that the U.S. production boom has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports. Furthermore, U.S. production
From Bloomberg Prospects for a milder winter in Asia may make the frenzied seasonal hunt for liquefied natural gas less likely this year and hurt the outlook for prices, which have tumbled for the past seven weeks. Weather across North Asia is expected to be warmer this winter than last year, according to four forecasters surveyed by Bloomberg, who added
From the Daily Express-Malaysia SINGAPORE: Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Front-month Brent crude oil futures LCOc1 were trading down 46 cents, or 0.6 per cent, at $77.16 a barrel at 0745 GMT
Broad support, targeted tightening and effective capital controls will help manage trade headwinds From Asia Times Goldman Sachs Asia-Pacific economist Andrew Tilton sees only a modest decline in China’s economic growth during the next year. “Chinese policy combines broad support and targeted tightening to address [the] highest-profile risks,” Tilton wrote in a recent client presentation. Monetary policy is “continuing to
From Reuters * Half-dozen tankers sit offshore Singapore with unsold LNG * Mild winter weather expected for Japan * Meteorologists expect return of El Nino weather * Japan has restarted seven nuclear power reactors SINGAPORE, Oct 25 (Reuters) – A fleet of half a dozen tankers carrying unsold liquefied natural gas (LNG) has been floating in Singapore and Malaysian waters
From Bloomberg Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because — apart from being a source of fuel — it’s rich in bitumen, a black residue
From Bloomberg First time Asian nation didn’t import from U.S. since 2016: refiners still worried about U.S. crude import tariff Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau data released Friday.
From Asia Times Factory activity suffers another hit as two PMI surveys illustrate that the world’s second-largest economy is cooling No news is good news, especially when it is bad news. With the seven-day national holiday known as Golden Week underway in China, economic data will be in short supply. It is probably just as well after the central government’s
From The Wall Street Journal Isn’t being a Chinese company in a strategic sector great? Industries deemed critical by Beijing often benefit from cheap capital, tax breaks and protection—implicit or explicit—from foreign competition. That is, until policy priorities change. China’s city gas utilities, market darlings earlier this year, now find themselves in this position. ENN Energy Holdings 2688 3.17% is down 14% in Hong
