China

Source: Reuters

Oil rises as positive Chinese signals counter recession fears

BOE Report


LONDON – Oil prices edged up on Monday in choppy trading as China’s continuation of loose monetary policy was partly offset by fears that high inflation and energy costs could drag the global economy into recession.

 

Brent …

Source: Reuters

Oil prices extend decline on recession fears, China COVID curbs

BOE Report


Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.

 

Brent crude futures fell 51 …

Source: CNBC

Oil falls on recession and China COVID fears

CNBC


Oil slid on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in Covid-19 cases in China raised concern over global demand.

 

World Bank President David Malpass and International Monetary Fund …

Source: Reuters

China is dominating the global electric vehicle battery market

Oil Price


The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028.

 

With increasing demand to decarbonize the transportation sector, companies producing the batteries that power …

October 10, 2022 - 1:30 pm China, Closing Bell Story‎, Energy News
Source; World Oil

Aramco: Spare oil capacity risks complete erosion when China reopens

World Oil


(Bloomberg) — The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy.

 

“The world should be worried,” Saudi …

Source: Reuters

China demand doubts darken mood as miners baulk at energy costs

US News


LONDON – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk

Source: Reuters

Oil drops as China data weighs

Yahoo Finance


Oil prices fell by more than $5 a barrel on Monday after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.

 

Brent crude futures fell $3.88, or 4%, …

Source: BOE Report

Oil slides as renewed China COVID curbs temper fuel demand outlook

BOE Report


Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.

 

U.S. West Texas Intermediate crude for August delivery …

Source: Reuters

Oil prices inch lower as China COVID, recession worries outweigh tight supply

Nasdaq


SINGAPORE – Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China outweighed tight global supplies.

U.S. West Texas Intermediate …

June 14, 2022 - 2:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Oil falls on Beijing’s COVID-19 warning, inflation worries

CNBC


Oil dropped Monday as a flare-up in Covid-19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate hikes to control rampant inflation added further pressure.

Beijing’s most populous district Chaoyang announced three …

Source: Reuters

Oil firms on EU’s Russian oil ban and end of Shanghai lockdown

Yahoo Finance


LONDON- Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

Brent crude was up $2.40, or 2.1%, at $118 …

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: CNBC

Oil slips on China demand worries, while EU weighs Russia oil ban

CNBC


Oil slipped Tuesday as concerns about the demand outlook due to prolonged Covid lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.

Beijing, reporting dozens of new cases daily, is …

Source: Reuters

Oil falls on China growth worries as EU weighs Russian crude ban

CNBC


Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude.

Brent crude futures were down $3.23, …

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

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

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 …

Source: Reuters

Saudi prince, rebuked by West, faces dilemma over Russia and China

Yahoo News


RIYADH – The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat to …

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: Reuters

EXCLUSIVE Russia’s Surgut works with China to allow oil sales to go on

Reuters


SINGAPORE :Russian producer Surgutneftegaz has allowed Chinese buyers to receive oil without providing guarantees known as letters of credit (LC) in order to bypass Western sanctions, three people with knowledge of the matter said.

The change in terms is …

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: 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