Post Tagged with: "China"

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: 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 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: 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

January 20, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Middle East
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

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 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

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

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

Saudi Arabia’s June oil exports rise 123% to over $16 billion

Reuters


DUBAI – The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data showed on Tuesday.

Overall exports increased by …

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

Tensions will likely grow as China seeks bigger role in the Arctic

CNBC


China’s ambitions to take a more significant role in the Arctic will likely lead to growing tensions, according to risk consultancy firm Control Risks.

China has developed a “prominent presence” in the region since joining the Arctic Council as …

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