China

Source: Oil Price

How China is tightening its noose on critical minerals

Oil Price


The historic Inflation Reduction Act (IRA) of 2022 took bold steps towards promoting U.S. production of critical minerals, with a dual-pronged goal of supporting a rapid energy transition and lessening U.S. reliance on China and Russia, two countries …

Oil slips on China economic headwinds

Oil slips on China economic headwinds

Investing


LONDON – Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic outlook, though losses were kept in check by supply fears driven escalating tensions in the Middle East.

March …

Source: Oil Price

Latin America: The next chapter in China’s global economic strategy

Oil Price


For decades, China has been a key driver of global economic growth thanks to an economy that managed to maintain blistering growth for what seemed like forever. China’s economy ballooned from $1.2 trillion in 2000 to nearly $18 …

Source: Reuters

Europe, Africa crude market tightens on Red Sea disruptions, China demand

Nasdaq


The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts.

The …

Iran withholds oil deliveries as it seeks higher prices from China

Iran withholds oil deliveries as it seeks higher prices from China

Oil Price


Iran seeks higher prices for its crude going to its top customer, China, and has been withholding some supply, Reuters reported on Friday, citing trading and refinery sources.

China has continued to buy cheaper crude from Iran even …

Source: Reuters

Oil prices at 2-1/2 month lows as China data offset supply cuts

Investing


LONDON – Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $1.45, or 1.7%, to $83.73 a barrel …

Source: Reuters

ANALYSIS-Diesel release valve: China poised to save West from shortages again

Nasdaq


As the northern hemisphere heads into winter, the U.S. and European oil sectors are counting on rising exports from Chinese refineries to ease tight global supplies of diesel, heating oil and jet fuel.

China is the world’s top oil …

October 13, 2023 - 12:30 pm China, Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Oil Price

China says fossil fuel phase-out is unrealistic

Oil Price


Phasing out fossil fuels is unrealistic as oil, natural gas, and coal will continue to play a crucial role in global energy supply and energy security, China’s special climate envoy Xie Zhenhua said this week in a speech …

Source: Oil Price

A critical mineral cartel would be worse than OPEC

Oil Price


In her State of the Union address this week, EC President Ursula von der Leyen made a point about the EU’s growing independence in sectors such as energy, chips, and raw materials.

 

The official stressed the importance …

Source: Reuters

Oil set to rise for a third week on strong China economic data

Nasdaq


SINGAPORE – Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue …

Source: Reuters

Oil falls as US rate hike fears subside, China demand weighs

Investing


Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook.

Both benchmarks have been …

Source: CNBC

Oil hits new highs as tighter supply offsets China demand concern

CNBC


Oil hit new peaks on Wednesday with Brent crude touching the highest price since April, as tighter supply owing to Saudi and Russian output cuts offset concerns over slow demand from China and a report showing rising U.S. crude …

Source: CNBC

Oil slips as weak China data offsets tightening supply

CNBC


Oil prices edged lower on Tuesday after data showed China’s crude imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world’s largest oil importer.

Brent crude futures

Source: Reuters

Chinese petchem firms betting big on energy transition products

US News


SINGAPORE – Chinese oil refiners and petrochemical companies are investing tens of billions of dollars to produce high-end chemicals for solar panels and lithium-ion batteries to profit from growing demand for energy transition technologies.

 

The investments illustrate

Source: Reuters

A nickel glut is looming

Oil Price


Supply of nickel deliverable to the London Metal Exchange could jump next year by 35% compared to 2022 levels as new plants for nickel processing in China and Indonesia could cause a glut and crash prices, analysts at …

July 21, 2023 - 3:00 pm China, Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

Oil slides more than 1% as Chinese GDP dents demand hopes

Yahoo Finance


LONDON – Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer, while a partial restart of halted Libyan output also pressured prices.…

Source: Reuters

Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall

Investing


LONDON – Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.

Brent crude futures fell 19 cents, or 0.2%, …

Source: Oil Price

House Republicans propose the study of an oil naval blockade of China

Oil Price


The House of Representatives is discussing a move that would effectively amount to an act of war if carried out: a naval blockade on China. The proposal for an amendment to the next defense budget of the United …

Source: CNBC

Oil falls on mixed Chinese demand picture

CNBC


Oil prices fell in choppy trading on Tuesday as a clouded oil demand outlook outweighed the potential boost from a cut to China’s benchmark lending rates. Brent crude fell 92 cents, or 1.2%, to $75.17 a barrel by 1345 …

Source: Reuters

Oil falls on weak China data, stronger U.S. dollar

CNBC


Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were last down $1.69, or 2.3%, to $71.85 a barrel. U.S. …

Source: Reuters

OPEC raises Chinese oil demand growth forecast further

Nasdaq


LONDON – OPEC on Thursday further raised its forecast for Chinese oil demand growth in 2023 following the relaxation of the country’s COVID-19 curbs, although it left the global total steady citing potential downside risks for growth in other …

May 11, 2023 - 3:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil prices dip on U.S. rate hike expectations, weak China PMI

Nasdaq


TOKYO – Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier …

Source:  Reuters

Oil rises as China factory activity expansion lifts demand hopes

BOE Report


Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world’s second-largest crude consumer, and as concerns grew about Middle Eastern supply.

U.S. West Texas Intermediate …

Source: Oil Price

U.S. and Japan close critical minerals deal to counter China’s EV dominance

Oil Price


The United States and Japan have sealed a deal to cooperate on critical minerals for batteries that will see the two try and move EV supply chains away from China.

 

According to the deal, per the Wall …

Source: Reuters

Saudi Aramco to build $10 billion refinery and petrochemical complex in China

Oil Price


Saudi Aramco plans to build a $10-billion refining and petrochemical complex in China over the next three years, taking advantage of the country’s growing demand for energy.

 

The complex will have a capacity of 300,000 barrels of …

Source: CNBC

The China-brokered Saudi-Iran deal has big repercussions for the Middle East — and the U.S.

CNBC


DUBAI, United Arab Emirates — When arch-rivals Saudi Arabia and Iran announced they were restoring diplomatic relations, much of the world was stunned — not only because of the breakthrough after years of mutual animosity, suspected attacks and

Source: Reuters

Oil slide resumes as banking fears offset China demand hopes

BOE Report


Oil extended losses on Wednesday with Brent crude hitting a three-month low as unease over Credit Suisse spooked world markets, offsetting hopes of a Chinese oil demand recovery.

Early signs of a return to calm and stability faded …

Source: Reuters

Oil down on China outlook, spotlight on Powell testimony

BOE Report


Oil prices opened lower on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week.

U.S. West Texas Intermediate …

March 6, 2023 - 12:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

OPEC “cautiously optimistic” about oil demand amidst reopening of China

World Oil


(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictions.

 

“There’s a positive mood and optimism, which I must always say is cautious optimism,” Secretary-General …

Source: Reuters

Oil prices edge higher as IEA’s Birol talks up China demand outlook

BOE Report


Oil prices slightly inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the …