Tag Archives: China

China’s refining capacity will grow to 880 million tonnes a year. equivalent to 17.6 million barrels per day. by 2020.

Unipec is the trading arm of Asia’s largest refiner Sinopec.

The two vessels have been designed in Finland. and European equipment suppliers account for roughly 60 percent of all vessel systems.

Demand for Russian gas supplies is increasing in China.

LNG prices in Asia are likely to remain largely unaffected for now.

The tariffs undermine Trump'.s drive to use US shale oil and natural gas to turn the US into a global energy leader.

The tariffs are likely to limit economic activity in both China and the United States.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.

In the Permian Basin. the US'. most active oil and gas producing area. the rig count fell by one to 483.

Most Chinese oilfields can break even with oil at $70 per barrel.