Tag Archives: China

China is believed to be constructing a huge fusion research site in its southwest, which could help it with both nuclear fusion efforts and nuclear weapons design, analysts and researchers have told Reuters, analyzing satellite images. The southwestern city of Mianyang is likely the new site of the fusion research …

Coal is still king in China despite the renewables boom with record additions of solar and wind power generation. Thermal power generation, which is overwhelmingly dominated by coal, rose by 1.5% in 2024 from a year earlier, to a record high of 6.34 trillion kilowatt-hours (kWh), data from China’s National …

China Petroleum & Chemical Corporation, or Sinopec, saw its refinery throughput drop by 2.03% in 2024 from a year earlier, the biggest Chinese refiner said on Friday. Sinopec’s refinery throughput fell to 252.3 million tons last year, amid an overall decline in Chinese crude processing rates, for the first time …

China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude …

Chinese state-held oil and gas giant CNOOC is keeping its capital expenditure flat this year compared to 2024 as it lowered its oil and gas production growth target, although it still expects annual output records going forward. CNOOC, which specializes in offshore oil and gas developments in China and internationally, …

Aframax oil tankers that serviced crude oil exports from Russia’s western ports are now being redirected to the Russian Far East-China route to service the exports of Russia’s ESPO crude, a favorite with Chinese refiners, Bloomberg reports, citing shipbroker and ship-tracking data. The Biden Administration’s final sanctions on Russian oil …

For much of the past year, oil traders were desperate to find a bullish thesis. Now, in the span of just a few weeks, they have two. On one hand, amid mounting fears of a supply and inventory glut, Biden’s parting gift of accelerated sanctions against Russian oil exporters and …

China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins. Volumes from Russia – including pipeline and seaborne supplies …

Weaker fuel demand and depressed refining margins in 2024 resulted in the first annual decline in China’s refinery throughput in over 20 years, excluding the pandemic lockdown year of 2022, government data showed on Friday. Chinese refiners processed on average 14.13 million barrels per day (bpd) of crude oil last …

The world’s biggest importer of coal, China, has widened its lead over the second-largest buyer, India, to the highest in more than a decade, according to customs data compiled by Reuters. Last year, Chinese imports rose while India’s fell, widening the gap between China and India in coal buying, according …