Tag Archives: China

China has just welcomed the first shipment from a Russian LNG export project on the Baltic Sea sanctioned by the U.S. on a U.S.-blacklisted vessel, as Russia and China continue to flaunt Western sanctions on their LNG trade. The LNG tanker Valera, sanctioned by the United States, docked at the …

China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data. The November import figure also represented a 5.24% increase on October oil imports, the data showed, driving the …

Helped by the newly-issued crude import quotas, China’s independent refiners are buying sanctioned Iranian crude again and raising their processing rates, making room for Iran’s oil to move out of floating and bonded storage and potentially easing the year-end glut on the market. The independent refiners in China’s Shandong province, …

A buildout in new petrochemical capacity in China is fueling fears that the country could tip the global market into oversupply, hurting smaller petrochemical producers. Bloomberg reported today that China’s polyethylene production could add 18% this year, based on forecasts by a local consultancy. The output growth will significantly exceed …

China’s independent refiners—the country’s infamous “teapots”— just got their first sip of 2026 crude import quotas. And the timing couldn’t be better for a physical market drowning in unsold sanctioned barrels. Trade sources say Beijing has handed out roughly 8 million tons so far across 21 refiners, a noticeable bump …

China is heading into winter expecting record power use again, and officials are already warning that both electricity load and daily gas demand are likely to set new highs. The NDRC says the heating season will run longer this year. That usually means heavier coal burn and more gas in …

China’s solar power installations jumped by 30% in October from September, as capacity additions rebounded from the summer months, which had seen a new renewables pricing mechanism alarming investors. Chinese developers installed 12.6 gigawatts (GW) of solar power in October, up by 30% from September, according to data by the …

China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters. Imports from the UAE, for instance, rose from 2.05 tons a year ago to 3.82 million tons last month, while purchases from Kuwait went up from 970,000 …

China stockpiled crude oil at elevated rates in October, at a daily rate of some 690,000 barrels, up from 570,000 barrels daily in September, Reuters’ Clyde Russell reported today, citing calculations derived from official Beijing data. Refinery throughput in October averaged 14.94 million barrels daily, the official data showed, while …

China and India are buying more crude oil, providing some respite for producers facing expectations of oversupply, Bloomberg reported today, citing unnamed trading sources. The two large importers have been buying mostly Middle Eastern cargos, the Bloomberg sources said, noting that these were being sold at a discount, with China …