China

Source: Reuters

Column: China drew on crude oil inventories in December, unlikely to become a trend

Reuters


LAUNCESTON, Australia – China appears to have drawn on its crude stockpiles in December, the second time in three months, as the world’s biggest oil importer uses some of the massive surplus it built up last year.

China processed …

January 19, 2021 - 1:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil falls as China lockdown, U.S. unemployment data temper gains

Reuters


LONDON – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus …

Source: Reuters

Oil prices ease as pandemic overshadows Chinese and U.S. data

Reuters


NEW YORK – Oil prices dipped on Thursday as surging coronavirus cases in Europe and new lockdowns in China renewed worries about global oil demand and eclipsed bullish signals from Chinese import data and U.S. crude oil stocks draws.…

January 14, 2021 - 10:00 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

China’s Sinopec plans record LNG imports to battle cold snap

Reuters


SINGAPORE – Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold spell hitting large parts of the country this week lifts demand for the …

December 29, 2020 - 11:00 am China, Closing Bell Story‎, Energy News, LNG
Source: Reuters

Commentary – China’s control of rare earth minerals another challenge for President-elect Biden

Capital Gazette


Publisher’s Note:

Arcadia Minerals, Inc. (AMI), owner of two advanced stage critical minerals deposits in Wyoming, has engaged EnerCom Inc. to assist in identifying potential joint-venture partners or buyers for its properties.

Critical and rare earth minerals are

December 8, 2020 - 3:30 pm China, Closing Bell Story‎, Discoveries & Formations
Source: Reuters

Oil slips amid surging virus cases and U.S.-China tensions

Reuters


NEW YORK  -Oil prices slipped on Monday as the positive impact from COVID-19 vaccine news and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.

Brent …

December 7, 2020 - 12:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

Reuters


SINGAPORE  – Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil …

Source: Reuters

China’s oil buying binge to run on in 2021 as tank operators, refiners stock up

Reuters


SINGAPORE/BEIJING  – China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.

Private tank farm …

Source: Reuters

China acknowledges Biden election win in snub to Trump – What does this mean to Energy?

argus

Oil & Gas 360 Publishers Note: This is wild politics at it’s finest. Let’s see if Putin follows China and acknowledges today.

Singapore, 13 November (Argus) — China has finally congratulated Joe Biden on winning the US presidential elections, …

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Argus

Oil & Gas 360 Publishers Note: Steel production in China will have a major supply issue and price increase. – This will be one issue that will effect steel production and other markets in China. – One to watch. 

November 11, 2020 - 7:15 am China, Coal News, International, Oil and Gas 360 Publisher Note:
U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals – Energy exports down 21.7%

U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals – Energy exports down 21.7%

MarineLink

According to BIMCO, 40% of Phase One goal reached for US manufactured goods to China

Exports from the US to China of the manufactured goods included in the Phase One agreement between the two countries reached $31.1 billion in …

November 11, 2020 - 6:41 am China, Crude Oil News, Energy News, International, Popular 3, Trade
Source: CNBC

U.S.-China trade tensions won’t be going away under Biden’s administration

CNBC


BEIJING — U.S.-China trade tensions are set for more predictability after Joe Biden’s presidential win — which likely means calmer rhetoric in a continued tough stance on Beijing.

Following years of brewing U.S. complaints about unfair business practices …

November 9, 2020 - 3:30 pm China, Closing Bell Story‎, Economy, Political News
PetroChina expects higher natural gas imports in 2020

PetroChina expects higher natural gas imports in 2020

argus

Beijing, 23 October (Argus) — Chinese state-controlled firm PetroChina expects to import 70bn m³ of natural gas this year, up by 2pc on 2019, with pipeline supplies making up almost 70pc of the total.

The company, China’s biggest gas …

October 23, 2020 - 6:10 am China, International, Natural Gas News, Pipeline News
EIA’s International Energy Outlook analyzes electricity markets in India, Africa, and Asia

EIA’s International Energy Outlook analyzes electricity markets in India, Africa, and Asia

EIA

Countries that are not members of the Organization for Economic Cooperation and Development (OECD) in Asia, including China and India, and in Africa are home to more than two-thirds of the world population. These regions accounted for 44% of …

Source: Reuters

Oil up as robust China trade data offsets returning supply

Reuters


NEW YORK  – Oil prices rebounded on Tuesday as robust data from China offset returning supply in other regions but gains were limited due to forecasts for a slow recovery in global oil demand as coronavirus cases rise.

Brent …

October 13, 2020 - 12:00 pm China, Closing Bell Story‎, Commodity Pricing, Energy News
Husky Completes Commissioning At Liuhua 29-1

Husky Completes Commissioning At Liuhua 29-1

CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today anno…

Photo: Illustration; Source: CNOOC

CNOOC kicks off production from another project offshore China

Offshore Energy


Oil and gas company CNOOC Limited has started production from the Jinzhou 25-1 Oilfield 6/11 Area located offshore China.

Jinzhou 25-1 oilfield 6/11 area is located in central Liaodong Bay in Bohai with an average water depth of …

Source: Reuters

Russia leads China’s August crude imports, Saudi slips

Argus


Beijing, 25 September (Argus) — Russia was the top crude supplier to China for a second straight month in August, as deliveries from Saudi Arabia were hit by rising in prices.

China imported 1.37mn b/d from Russia last month, …

September 25, 2020 - 8:00 am China, Crude Oil News, International
Opinion: China’s national security and carbon-neutral target – “Let’s see some meat on the bone”

Opinion: China’s national security and carbon-neutral target – “Let’s see some meat on the bone”

Economic Times


Oil & Gas 360 Publishers Note: John Kemp has an excellent opinion piece about yesterday’s announcement from China and their “more vigorous policies” on carbon dioxide emissions peak before 2030. Personally I find this kind of an empty

Source: CNBC

President Xi tells UN that China will be ‘carbon neutral’ within four decades

CNBC


China is targeting peak carbon dioxide emissions by 2030 and carbon neutrality by the year 2060, according to President Xi Jinping.

In an address to the United Nations General Assembly delivered remotely, Xi described the Paris Agreement on climate

September 23, 2020 - 1:00 pm China, Climate Change, Closing Bell Story‎, Energy News
CNOOC Limited Announces Commencement of Production at Liuhua 16-2 Oilfield / 20-2 Oilfield Joint Development Project

CNOOC Limited Announces Commencement of Production at Liuhua 16-2 Oilfield / 20-2 Oilfield Joint Development Project

HONG KONG , Sept. 20, 2020 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883, NYS…

September 20, 2020 - 5:32 am China, Crude Oil News, Discoveries & Formations, Press Releases
PetroChina posts $4.4 billion H1 loss, pledges near-zero emissions by 2050

PetroChina posts $4.4 billion H1 loss, pledges near-zero emissions by 2050

MarketScreener


PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan ($4.36 billion) on lower oil prices and a hit to demand from

August 30, 2020 - 8:17 am China, Climate Change, International
Source: Fox Business

GOP Rep. joins Senate push to recoup $1.6T in century-old Chinese debt

Fox Business


Rep. Mark Green, R-Tenn., has introduced a resolution calling on China to repay more than $1.6 trillion, including interest, owed to U.S. holders of sovereign debt that predates the Communist Party’s government.

The House resolution follows a similar …

August 20, 2020 - 2:30 pm China, Closing Bell Story‎, Finance
Source: Reuters

Exclusive: China ramps up U.S. oil purchases ahead of trade deal review – sources

Reuters


NEW YORK/SINGAPORE  – U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade …

August 14, 2020 - 3:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Exclusive: How Venezuela lost three oil supertankers to its Chinese partner

Reuters


NEW YORK/SINGAPORE  – A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry …

Source: Reuters

Oil climbs on hopes for U.S. stimulus package

Reuters


NEW YORK – Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.

Brent crude LCOc1 rose 45 cents, or …

August 10, 2020 - 11:00 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

US crude exports fell in June, China top buyer – India second, and Canada rounds out 3rd

Argus


Houston, 5 August (Argus) — US crude exports in June fell for the fourth straight month as efforts to combat the Covid-19 pandemic slashed global demand. China was the top buyer.

Total US crude exports averaged 2.75mn b/d in …

August 5, 2020 - 1:30 pm China, Crude Oil News, Energy News, International, US News
Source: Reuters

China only fulfils 5% of Sino-U.S. energy trade deal in first half of 2020

Reuters


BEIJING/SINGAPORE – China bought only 5% of the targeted $25.3 billion in energy products from the United States in the first half of 2020, falling well short of its trade deal commitments at a time when relations between the …

August 4, 2020 - 3:00 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Shanghai Electric has been awarded EPC contract for 5th phase project of Dubai solar park

Shanghai Electric has been awarded EPC contract for 5th phase project of Dubai solar park

SHANGHAI , Aug. 3, 2020 /PRNewswire/ — Shanghai Electric Group has been appointed b…

August 3, 2020 - 9:21 am China, International, Press Releases, Renewable Energy, Solar
Source: Reuters

Oil up on weak dollar though U.S.-China tensions, virus weigh

Reuters


SINGAPORE/LONDON  – Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.

Brent crude LCOc1 rose …