Tag Archives: China

In Q4. China is not expected to build inventories. because oil demand is expected to remain strong. according to the IEA.

Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

Russia and China are growing their partnership and investment links as Moscow scrambles to find ways to fund oil and gas projects that are made difficult under Western sanctions.

The demonstration power plant. which is an updated version of the country’s 10 MW HTRG Test Module designed by Tsinghua University. kicked off its construction work in 2012.

Kazakhstan’s energy ministry said Rosneft has not officially applied for an increase in transit volumes to China.

Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

IEA'.s new report on renewable energy showed new solar PV (photovoltaic) system capacity grew by 50 percent last year. with China accounting for almost half of the global expansion.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.