Post Tagged with: "China"

Source: CNBC

China has ‘no other choice’ but to rely on coal power for now, official says

CNBC


BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power anytime soon as it keeps its eye firmly on economic targets.

President Xi Jinping said in September that the country’s carbon …

Source: CNBC

The new U.S. plan to rival China and end cornering of market in rare earth metals

CNBC


The United States has made previous attempts to reemerge as a dominant player in a rare earths supply chain that is responsible for some of the most important materials involved in electric vehicle production, battery making, renewable energy systems

Source: Reuters

Oil holds near $67, heads for weekly gain on demand hopes

Reuters


Oil held near $67 a barrel on Friday and was heading for a weekly gain as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major …

Source: Reuters

China drills deep in disputed South China Sea

Reuters


BEIJING – China has drilled deep in the South China Sea to retrieve sediment core from the seabed, state media reported on Thursday, amid tensions over disputed waters with rival claimants Taiwan and the Philippines, as well as with …

April 8, 2021 - 2:00 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

John Kerry says Biden’s ambitious climate plan is ‘not a counter to China’

CNBC


No single country can solve the climate crisis — and the American pursuit of greater research and development on climate change is not a counter to China, the Biden administration’s climate envoy John Kerry told CNBC on Sunday.

“No

April 5, 2021 - 2:00 pm China, Climate Change, Closing Bell Story‎, Energy News
Source: CNBC

U.S. and China’s next economic battle will be over climate change, experts say

CNBC


Having long been at loggerheads over tradetechnology and capital markets, the world’s foremost economic superpowers are turning their attention to climate change as the next path to commercial supremacy.

China outspent the U.S. by nearly 2-to-1 …

April 1, 2021 - 3:30 pm China, Closing Bell Story‎, Economy
Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …

Source: Reuters

Column: China’s gas conundrum – cleaner air but growing security risk

Reuters


LONDON- China has made significant progress building a gas distribution network to supply residents in major urban centres, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.

But burgeoning consumption has not been …

March 15, 2021 - 11:30 am China, Closing Bell Story‎, Energy News, Natural Gas News
Source: Reuters

Global wind turbine commissioning jumps by record 59%: research

Reuters


LONDON – The commissioning of new wind turbines globally surged by a record 59% to more than 96 gigawatts (GW) of capacity last year despite the COVID-19 pandemic, research by BloombergNEF showed on Wednesday.

Developers commissioned 96.3 GW of …

Source: Reuters

Exclusive: Three ships carrying U.S. ethanol head to China – sources

Reuters


NEW YORK – Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, in a sign that exports of the fuel were sharply increasing from the United States to …

March 9, 2021 - 12:30 pm China, Closing Bell Story‎, Energy News, Marine Shipping
Source: Reuters

Analysis: Iran slips record volume of oil into China, reaches out to Asian clients for trade resumption

Reuters


Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on the assumption that U.S. sanctions on the OPEC supplier …

March 8, 2021 - 1:00 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

China bought about 200 million gallons of U.S. ethanol for first-half 2021: ADM

Reuters


CHICAGO/BEIJING – China has bought “roughly 200 million gallons” of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co Chief Financial Officer Ray Young said …

January 27, 2021 - 10:00 am China, Closing Bell Story‎, Energy News
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

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

Russian, Chinese intelligence targeting Norwegian oil secrets: report

Reuters


OSLO – Russia, China and other countries are using espionage to glean secrets of Norway’s petroleum industry and plans by its government to cut or increase production, the Norwegian counterintelligence service PST said.

In a report dated Nov. 5 …

Source: Reuters

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters


OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday.

“As of today, Chinese emissions this year, 2020, …

Source: Reuters

U.S. crude exports likely to be muted through 2020 as production slides

Reuters


NEW YORK  – U.S. crude oil exports are expected to sputter through the end of 2020 due to weak production and unfavorable economics for foreign buyers of U.S. oil, traders and analysts said.

U.S. oil demand is down about …

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
Source: Reuters

Pandemic to trim China’s 2020 gas demand growth to 4.2%: government report

Reuters


BEIJING  – China’s natural gas consumption is expected to grow at 4.2% in 2020, the slowest pace in five years, a government research report said, after the coronavirus pandemic slowed economic activity and dented demand for energy.

Demand for …

September 18, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG, Natural Gas News
Source: Reuters

China’s energy giants tiptoe into renewables

Reuters


SINGAPORE/BEIJING  – China’s state energy producers outlined initiatives to develop hydrogen and wind power after their earnings slumped along with the oil price in the first half but their renewables projects could take years to materialise.

The tentative plans …

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

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

Reuters


HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.…

July 8, 2020 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Forbes

How Russian and Saudi oil ties to China complicate the post-pandemic world

Forbes


Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer

Source: Reuters

China targets rise in oil, natural gas output this year

Reuters


BEIJING  – China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a …

Source: Reuters

Column: Oil prices no longer especially cheap after strong rally – Kemp

Reuters


LONDON  – Oil prices are no longer particularly cheap by historical standards.

Perceptions about prices tend to be over-influenced by recent experience so current prices feel very low to producers used to receiving $60-80 per barrel over the 2018/19 …

Chinese traders trying their luck with sanctioned Venezuelan oil

Chinese traders trying their luck with sanctioned Venezuelan oil

Bloomberg


Oil & Gas 360 Publishers Note: We have been covering this story for weeks in our news desk and stories. This is one to watch.

BEIJING (Bloomberg) – Venezuela’s oil exports have collapsed since the U.S. placed sanctions on …

June 17, 2020 - 9:00 am China, Crude Oil News, International, Politics & Opinions
Source: CNBC

U.S. import prices post largest gain in more than a year

CNBC


U.S. import prices increased by the most in more than a year in May, driven by higher costs for petroleum products and food, which could further diminish fears of deflation as the economy battles a recession.

The Labor Department …

June 12, 2020 - 3:30 pm Closing Bell Story‎, Commodity Pricing, Economy, Finance
Source: Reuters

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

Reuters


Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.

The United States had imposed sanctions on Venezuela’s state-owned oil company as …

Source: CNBC

Helping China cut carbon emissions isn’t a financial game every business can play

CNBC


BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus …