Tag Archives: China

China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …

A massive reshuffle of tankers allows non-sanctioned vessels to pick up trade with Russian and Iranian oil, which will result in a rebound in China’s imports of cheaper crude from the two producers in March, from a two-year low in February, analysts and traders tell Reuters. The Biden Administration’s farewell …

Chinese companies have launched a new ultradeep drilling campaign in the Taklimakan Desert in northwest China, hoping to unlock more oil and gas resources from deep underground. The drilling campaign, in China’s Xinjiang Uygur Autonomous Region, aims to reach oil and gas resources that are about 8,000 meters (26,247 ft) …

China is preparing for the listing of its first overseas sovereign green bond, which will take place in London as the frontrunner in the energy transition race seeks to tap the international investor pool. The size and timing of the listing are yet to be divulged but the Singapore portfolio …

Securing reliable and affordable rare earth element supplies has become a key concern in the global clean energy transition. Some have gone so far as to rebrand lithium, the third periodic element, as “white gold” due to its central role as a “critical mineral” in clean technologies including electric vehicle …

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 …