Post Tagged with: "China"

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 …

Source: bankofengland.co.uk

Mark Carney, former Bank of England Governor: How banks are better positioned to deal with downturn this time; why China has less room to act as a global stimulus and how energy transition will move “More and more to center stage” for investors

OAG360


Carney speaks with IHS Markit chairman and CEO Lance Uggla for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations

Former Governor of the Bank of England and current UN Special Envoy for Climate Action and Finance Mark Carney says …

June 2, 2020 - 2:30 pm China, Closing Bell Story‎, Energy News, Finance
Source: Reuters

Oil back at early April highs as demand shows signs of picking up

Reuters


LONDON  – Oil prices touched a one and a half month high on Friday amid signs demand for crude was picking up, with China reporting increased refinery runs and rounding out a week of bullish news on the supply …

360 Digital Closing Bell 5-4-2020

360 Digital Closing Bell 5-4-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. We cover the the key issues of the day. The international news desk asks the question

360 Digital Closing Bell 5-1-2020

360 Digital Closing Bell 5-1-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the

360 Digital Closing Bell 4-30-2020

360 Digital Closing Bell 4-30-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the

QP signs deal to reserve LNG shipyard capacity in China

QP signs deal to reserve LNG shipyard capacity in China

LNG Industry


Qatar Petroleum (QP) has entered into an agreement to reserve LNG ship construction capacity in China to be utilised for its future LNG carrier fleet requirements, including those of its ongoing North Field expansion projects.

The agreement was …

April 22, 2020 - 5:16 pm International, LNG, Marine Shipping
China Pushes Coal Power To Fight Economic Slump – Analysis

China Pushes Coal Power To Fight Economic Slump – Analysis

eurasia review


Oil and Gas 360 Publishers Note: This is an interesting Op-Ed article that brings the economic power of coal – cheap. With the economic crisis facing China, you may in fact see a regression to more electricity produced

China’s crude oil imports surpassed 10 million barrels per day in 2019

China’s crude oil imports surpassed 10 million barrels per day in 2019

EIA

China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average. China remains the world’s top crude oil importer, surpassing the United

March 23, 2020 - 1:59 pm China, EIA News That Matters, Energy News
Coronavirus crisis could slow the rate of energy transition, Rystad says

Coronavirus crisis could slow the rate of energy transition, Rystad says

Energy Today

Oil & Gas 360 Publishers Note: Here is one you would not have seen coming last year. The fast moving renewable market being slowed down, and coal production going up. Key takeaway from this article: China’s coal mines

Source: Reuters

Oil retreats in face of renewed coronavirus uncertainties

Reuters


LONDON – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian data fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.

Brent …

February 21, 2020 - 10:00 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Global oil demand set to see first quarterly decline in over 10 years, IEA says

CNBC


Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the new coronavirus and widespread shutdown of China’s economy hits demand for crude.

Demand is …

Oil prices climb on prospects for deeper OPEC+ output cuts

Oil prices climb on prospects for deeper OPEC+ output cuts

Reuters


NEW YORK – Oil prices edged higher on Thursday, as investors hoped the world’s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China.…

February 13, 2020 - 12:00 pm China, Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Coronavirus paralyses short-term oil, gas sales into China

Reuters


SINGAPORE – Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor …

Source: CNBC

Oil falls more than 2%, sinking to lowest level in more than 1 year

CNBC


Oil prices fell more than 2% on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.

U.S. West

Source: Reuters/Rodrigo Garrido

U.S. lifts Iran sanctions on one unit of Chinese shipping giant COSCO

Reuters


WASHINGTON – The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about …

Source: Reuters

Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

Reuters


LONDON – Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.

Brent crude LCOc1 …

Source: Houston Chronicle

China invests $600 million into Mexico’s Dos Bocas refinery

Houston Chronicle


Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government.

During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the …

January 14, 2020 - 10:00 am China, Closing Bell Story‎, Energy News
Source: Reuters

Oil hovers near three-month highs on trade progress, lower inventories

Reuters


LONDON – Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.

Brent crude futures were up 19 cents at $66.36 a barrel at 1447 …

The world’s Top 10 carbon dioxide emitters

The world’s Top 10 carbon dioxide emitters

Forbes


Over the next two weeks, representatives from 200 countries are convening for the United Nations Climate Change Conference in Madrid. The Conference of the Parties to the UN Convention on Climate Change (COP) is tasked with making sure the …

December 4, 2019 - 3:30 pm China, Closing Bell Story‎, Energy News
Source: Reuters

U.S., allies working to offset loss of Iranian oil: Mnuchin

Source: Reuters


NEW DELHI (Reuters) – The United States is working with allies to ensure adequate global oil supplies after its sanctions barred nations from buying Iranian crude, U.S. Treasury Secretary Steven Mnuchin said on Friday.

Mnuchin spoke to reporters …

Source: Reuters/Rodrigo Garrido

Tankers sail after U.S. allows sanctions-hit COSCO unit to wind down oil deals

Reuters


At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval to wind down transactions with a Chinese shipping company that it sanctioned last month, according to data and shipping sources.…

Source: AP

Dilemma for oil refiners as surging ship costs kill margins

Source: Houston Chronicle


Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude.

U.S. sanctions on Chinese shipping companies and Friday’s attack on an Iranian tanker have turbo-charged transport costs, …

October 15, 2019 - 8:32 am China, Closing Bell Story‎, International
U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers

U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers

Source: Reuters


MEXICO CITY/SINGAPORE (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.

The move has taken roughly …