China

Source: CNBC

Oil prices fall, weighed down by dollar, China lockdowns

CNBC


Oil prices slipped on Monday alongside equities and was weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer.

Brent crude fell 2.3%, or $2.61, to

Source: Reuters

Oil up for fourth day; supply fears outweigh China lockdowns

CNBC


Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer.

Brent crude futures rose 2% to $109.73 per barrel. The front-month June contract expires …

Source: CNBC

Oil rebounds from drop on China demand concerns

CNBC


Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued Covid-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high.

Brent crude futures were …

Source: Reuters

Column: Oil prices paralysed between Russia sanctions and China lockdowns: Kemp

Nasdaq


LONDON – Portfolio investors purchased petroleum last week for the first time in four weeks, but overall positioning remained subdued by the high cost of margin and large uncertainties surrounding both crude supply and demand.

Hedge funds and other …

Source: Reuters

Oil slides as Shanghai lockdowns stoke demand fears

Yahoo Finance


LONDON – Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates would hurt global …

Source: Reuters

China’s daily coal output in March hits record high

Nasdaq


BEIJING – China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to ensure steady market supply.

China churned out …

Source: Reuters

EXCLUSIVE-China’s oil champion prepares Western retreat over sanctions fear

Nasdaq


LONDON/SINGAPORE – China’s top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources …

Source: Reuters

Oil slides on concerns of weaker Chinese demand

Reuters


U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35.

Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent …

Oil plunges on easing supply concerns, China COVID cases

Oil plunges on easing supply concerns, China COVID cases

Reuters


LONDON -Oil prices tumbled to their lowest levels in almost three weeks on Tuesday as supply disruption fears eased and as surging COVID-19 cases in China spurred demand concerns.

Oil plunges on easing supply concerns, China COVID cases- oil and gas 360

Brent futures were down $6.40, or 5.9%, to $100.50 a

March 15, 2022 - 9:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: World Oil

Aramco boosts oil ties with China as world frets over supply

World Oil


(Bloomberg) — Saudi Arabia is strengthening energy ties with China, as the oil producer Aramco agreed to build a multi-billion dollar refining and chemicals project that will tap into the Asian country’s future demand.

Globally, consumers are screaming …

Source: Reuters

Exclusive: China boosts oil reserves, ignoring U.S. push for global release

Investing


LONDON – China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data showed and traders said.…

February 25, 2022 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Bloomberg

China discloses Iranian oil imports as nuclear talks drag on

Yahoo Finance


(Bloomberg) — China disclosed its first Iranian oil imports in a year amid talks between between Tehran and world powers aimed at reviving a nuclear accord that could pave the way for lifting U.S. sanctions.

A total of

Source: World Oil

China slashes fuel export quotas in first 2022 tranche

World Oil


(Bloomberg) –China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales.

A total of 13 million tons were issued, including both …

Source: Reuters

China so far non-committal to Washington’s oil release, OPEC+ unmoved

Reuters


BEIJING/LONDON/MOSCOW/WASHINGTON -China, the world’s largest crude importer, was non-committal about its intentions to release oil from its reserves as requested by the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according …

Source: Reuters

Analysis: Biden’s oil reserves bet mixes China outreach with appeal to U.S. voters

Reuters


WASHINGTON, Nov 23 – President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United States’ biggest economic rival can help …

Source: Reuters

China begins releasing oil from its strategic reserves

World Oil


(Bloomberg) – China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a …

Source: Reuters

China’s Iran oil purchases rebound on lower prices, fresh quotas

Reuters


SINGAPORE/LONDON, Nov 10 – China’s imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that getting crude at cheap prices …

November 10, 2021 - 12:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

China targets a carbon-neutral economy by 2060

World Oil


(Bloomberg) –China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world’s second-biggest economy plans to be carbon neutral, according to guidelines published by the official Xinhua News Agency.

The measures …

Source: Reuters

EXCLUSIVE-China looks to lock in U.S. LNG as energy crunch raises concerns -sources

Nasdaq


SINGAPORE/NEW YORK, Oct 15 – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several …

October 15, 2021 - 12:00 pm China, Closing Bell Story‎, Commodity Pricing, Energy News, LNG
Source: Reuters

China digs in on coal, oil gains as energy crisis deepens

Reuters


China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and

Source: Reuters

Explainer: Global energy shortage or a coincidence of regional crises?

Reuters


British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gas and coal prices.

You could be forgiven for thinking the world had …

Source: Reuters

Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say

Reuters


WASHINGTON/PARIS – The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on Tuesday, as Washington seeks to persuade Tehran to resume talks about reviving the 2015 …

September 29, 2021 - 1:00 pm China, Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

China’s move to lower oil prices has market wary of more to come

World Oil


(Bloomberg) –China’s first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices.

The initial sale will be for about …

Source: Reuters

Oil rallies to $73 on tight U.S. supplies, Biden-Xi call

Reuters


LONDON – Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost.

About …

Source: World Oil

BP, PetroChina form JV to manage Iraq’s Rumaila oil field

World Oil


Source: Reuters

Oil prices hit by concern over Chinese economy and higher supply

Reuters


LONDON – Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.…

Source: Reuters

Oil falls as coronavirus, slower China imports hit demand

Tribune


Oil prices fell on Monday due to concerns over fuel demand caused by the spread of Covid-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year.

Brent crude …

Source: Reuters

EXCLUSIVE China’s CCPC takes centre stage in Iran, Venezuela oil trade-sources

US News


LONDON/SINGAPORE/MEXICO CITY – A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven …

Source: CNBC

Just a speed bump? Oil has taken a dive, but Goldman is still bullish

CNBC


A panic-induced sell-off in the oil market triggered by virus concerns has thrown the commodity’s upward march into question — but energy experts at Goldman Sachs don’t appear to be rattled.

Fears over the surging delta coronavirus variant and

Source: Reuters

China’s oil imports from Saudi Arabia fall 19% in June, remains top supplier

Reuters


BEIJING – Saudi Arabia was China’s biggest crude oil supplier in June for the eighth consecutive month, customs data showed on Tuesday, while shipments from United Arab Emirates and Kuwait fell further, possibly signalling slower imports of Iranian oil.…