Tag Archives: China

China Holds the Key to 2024 Global Oil Demand Growth

Despite an increase in China’s crude oil imports in the first two months of 2024, it’s too early to say how the purchases of the world’s top crude importer will impact global oil demand and prices this year. One thing is certain—the impact, in either direction, will be felt across …

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Egypt Signs 7 Green Energy Deals with Global Developers

Egypt has signed seven memorandums of understanding (MoUs) with international developers and government entities in the fields of green hydrogen and renewable energy, the Egyptian State Information Service said Wednesday. Prime Minister Mostafa Madbouly and a number of ministers attended the signing ceremony for the agreements at the government headquarters …

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China’s Coal Expansion Starts to Slow down

The growth in coal power generation in China is beginning to slow down as regional authorities seek to redirect investments to low-carbon energy, Bloomberg reports. The report notes the continual increase in coal production and coal-powered generation in China over the past seven years, with generation reaching a record in …

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Shell Expects 50% Rise in Global LNG Demand by 2040

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday. The market remains “structurally tight”, with prices and price volatility remaining above historic …

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