Tag Archives: China

China completed a trial operation of an unmanned heavy-haul train on the railway connecting North China’s Hebei and East China’s Shandong provinces, marking a key milestone in advancing from automated to unmanned heavy-haul railway technology. The test train, comprising 108 cars with a total length of nearly 1,300 meters and …

China’s crude oil imports from Russia jumped by 25.6% month-on-month in August as Beijing last month welcomed the highest monthly crude arrivals so far this year, taking advantage of cheaper supplies. China imported 2.21 million barrels per day (bpd) of crude from Russia in August, according to data from the …

The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale …

China saw in August the first increase in coal-fired power generation in four months as coal remains a vital part of the system despite soaring output from clean energy sources and a growing share of renewables in the electricity mix. China’s electricity output from thermal sources – which are predominantly …

Slumping refining margins amid tepid fuel demand in China have already claimed victims among the refineries in the Shandong province, where two plants operated by chemicals giant Sinochem were declared bankrupt in recent days. Zhenghe Group Co and Shandong Huaxing Petrochemical Group Co were declared bankrupt after creditors failed to …

A little under a year before the Russian invasion of February 2022, Saudi Aramco’s chief executive officer, Amin Nasser, had spent several days at the annual China Development Forum hosted in Beijing, during which time he stated: “Ensuring the continuing security of China’s energy needs remains our highest priority – …

Saudi Arabia is expected to increase its crude oil supply to China in October after the world’s top crude exporter cut the prices of the oil it sells in Asia, trade sources told Reuters on Thursday. The Kingdom is set to ship a total of 46 million barrels of its …

Chinese authorities have asked local carmaking companies to make sure key electric vehicle technology stays home even as they expand their manufacturing capacity across the world. The government is recommending carmakers to produce the key parts of the cars domestically and then export the so-called knock-down kits to the factories …

Oil prices declined on Tuesday following weak economic data from China and the US, while growing expectations that the US Federal Reserve (Fed) will lower interest rates and ongoing conflicts in the Middle East limited further price falls. International benchmark Brent crude decreased by 0.2% to $71.69 per barrel at …

China’s natural gas in storage is nearing capacity, which could spell a decline in imports of liquefied natural gas, Bloomberg has reported, citing data releases from several regional gas storage hubs. If this year’s winter is cold, imports of LNG should remain strong because the gas in storage would be …