Tag Archives: China

China aims for stable crude oil production above 200 million tons in 2025, the National Energy Administration (NEA) said on Thursday. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, playing a “ballast” role in ensuring the stable production, supply …

China is widely expected to stop buying U.S. LNG on the spot market and seek to swap American cargoes from elsewhere after it announced a 15% tariff on U.S. liquefied natural gas in response to the 10% American tariffs across the board. Chinese buyers could also become more hesitant to …

The value of non-oil trade between Iran and China stood at $26.7 billion in the first 10 months of the current Iranian calendar year (March 20, 2024-Jnuary 19, 2025), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that importing non-oil goods worth $12.3 …

China’s independent refiners have slashed their processing rates to the lowest level in nearly five years as costs to procure crude soared amid dwindling Russian supply following the latest U.S. sanctions. Crude supply became more expensive for the private Chinese refiners, concentrated in the Shandong province, and dragged refining margins …

Since Russia launched its full-scale invasion of Ukraine nearly three years ago, Western nations have accused China of supplying Moscow with microchips and other critical dual-use technologies that are “powering Russia’s brutal war of aggression.” In response, Washington and Brussels have hit hundreds of Chinese companies and individuals with sanctions …

In October last year, China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra-deep project, an example of the pursuit of new, untapped resources that lie deeper under the sea. Yet it’s not only ultradeep offshore drilling that …

China installed a record amount of wind and solar capacity at home last year, data showed earlier this month. Yet, the country did not stop there. Chinese companies also installed record power generation capacity abroad as well—and half of it was neither wind nor solar. Wood Mackenzie reported this week …

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 …