Tag Archives: China

China, Russia to Test Crude Oil Transport via Railways

China and Russian will begin to transport crude oil via a bilateral freight train service from July, an executive of JSC Russian Railways said at an industry seminar on the future of railway freight train service between China and the Europe on Tuesday. The new form of energy transport is …

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CNOOC Announces Significant South China Sea Discovery

CNOOC Limited has made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 …

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China’s U.S. Oil Binge Seen Slowing with Virus Revival

A second wave of Covid-19 infections in China’s capital is threatening to depress the nation’s appetite for American oil just after a pick-up in purchases. Signs of weakening demand from the world’s largest oil consumer are now starting to weigh on export prices for American crude, according to industry participants. …

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Oil Rises after Trump Assurance on China Trade Deal

Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal. Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though U.S. President Donald Trump later soothed jangled nerves with …

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