As the world turns to cleaner energy solutions, hydrogen power has been put into the spotlight. In a significant showcase of its potential, China-manufactured hydrogen refueling equipment has played a pivotal role at the 2024 Paris Olympic Games. These installations are now the energy source for hydrogen vehicles transporting athletes …
Read More »China’s Falling Diesel Demand Dampens Oil Outlook
The property sector crisis and the rise of LNG use in trucking have weighed on China’s diesel demand this year, dampening the prospects of oil demand growth in the world’s top crude importer, which has been a key driver of global demand growth for years. Diesel demand in China is …
Read More »Is China’s Dominance in Critical Minerals Production Fading?
Demand for critical minerals such as copper, cobalt, lithium and nickel is soaring. These raw materials are used in a range of new technologies, from electric cars to wind turbines, which are becoming ever more important as the world moves towards a green transition. Experts forecast that this trend is …
Read More »China Hits Historic Renewables Tipping Point as Wind and Solar Eclipse Coal
China’s energy transition has hit a historic milestone as its collective wind and solar power capacity exceeds coal-fired generation for the first time, according to new data. Wind and solar energy last month collectively eclipsed coal in capacity, according to latest data from China’s National Energy Administration, analyst group Rystad …
Read More »Weak Demand in China Weighs on Middle East Oil Price Outlook
hings have taken a bad turn for the Middle East. Asia, by far the largest demand hub for Saudi Arabia, Iraq or the United Arab Emirates, seems to be going through the same stage of weakness that Europe and the United States were in the spring. Not buying enough, depleting …
Read More »China’s Sinochem Looks to Sell its 40% Stake in Brazilian Oilfield
Chinese energy and chemicals giant Sinochem Group is in discussions to sell its 40% stake in a producing oilfield offshore Brazil, Bloomberg reported on Friday, citing sources with knowledge of the talks. Sinochem, which paid $3.07 billion for a 40% stake in the Peregrino oil and gas field in the …
Read More »China’s Dominance in Renewable Energy Expansion Continues
China has long dominated the renewable energy space, as the government has been investing in ramping up the country’s green energy capacity for several decades. It is already the biggest solar and wind producer, as well as the biggest lithium miner, in the world, and its expansion plans show no …
Read More »Russia Cuts Crude Exports to China and India by 17%
Russia’s four-week average seaborne oil exports fell to 3.11 million barrels a day as of July 14, down by almost 600,000 barrels or 17% from their recent peak in April, Bloomberg has reported. The country’s seaborne crude shipments have now sunk to the lowest since January and are likely to …
Read More »China’s Largest Oil Refiner Sees almost No Throughout Growth
China’s largest oil refining company, China Petroleum & Chemical Corp., aka Sinopec, processed 126.69 million metric tons of crude oil or 5.08 million barrels per day (bpd) in the first six months of the current year, good for a mere 0.1% Y/Y increase, the company has reported. That compared with …
Read More »China’s Grip on Rare Earth Industry Tightens as Prices Drop
Rare earth mineral companies in China have been stung by declining prices at the same time the government “tightens its grip” on the industry, according to Nikkei Asia. Companies like Rising Nonferrous Metals, a rare-earth miner listed in Shanghai, are losing money this year, a stark contrast to last year’s …
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