Tag Archives: China

China urged Japan again Thursday to stop the ocean discharge of treated nuclear waste from the crippled Fukushima power plant. “The legitimacy and safety of Japan’s ocean discharge plan have long been questioned by the international community,” said Foreign Ministry spokesman Wang Wenbin, who urged Tokyo to engage in “honest …

Refiners in China processed and imported record volumes of crude oil in 1H23, sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the US. These increases, sparked by China’s initiatives to ease COVID-19 mobility restrictions and reopen its economy, are a return to a more than …

China’s oil imports from Iran have been soaring in August so that the shipments are expected to reach 1.5 million barrels per day (bpd), the highest since 2013, Blomberg reported citing estimates from data intelligence firm Kpler. Based on the Kpler data, China shipped in 917,000 bpd of Iranian oil …

Oil prices inched lower on Wednesday, influenced by weak economic data from China, the world’s largest oil importer. International benchmark Brent crude traded at $84.86 per barrel at 10.30 a.m. local time (0730 GMT), a 0.04% drop from the closing price of $84.89 per barrel on Tuesday. The American benchmark …

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, although sluggish economic out of Beijing put a lid on gains. Brent crude futures rose 32 cents, or 0.4 per cent, to trade …

There is a decline in world oil prices of about 1 percent as investors assess the state of the Chinese economy, Trend reports. The price of October futures for Brent Crude Oil fell by 1.01 percent, reaching $85.94 per barrel. Meanwhile, September WTI futures also declined by 1.06 percent, dropping …

China’s energy company, Sungrow, said this week that it will provide its inverter skid technology and 1+X modular inverter solution for a 2.2 Gigawatt (GW) solar plant that Neom Green Hydrogen Company (NGHC) is building in Oxagon. The project site is in a port area close to the futuristic Neom …

China is set to import 40% more crude from Saudi Arabia under term contracts in September despite the unilateral production cut of 1 million barrels per day (bpd) of the world’s top crude oil exporter, traders told Bloomberg on Friday. Chinese refiners are estimated to receive as much as 52 …

China’s onshore giant PetroChina has produced what it has hailed as the first green barrel of crude oil from the Jilin oilfield it owns and operates in northeastern China’s Jilin province. This accomplishment is part of a broader initiative aimed at mitigating carbon emissions and reducing the company’s overall carbon …

Oil prices fell slightly in Asian trade on Wednesday as data pointed to a large weekly build in U.S. inventories, while weak economic signals from major importer China continued to dent the outlook for demand. After Chinese trade data disappointed markets on Tuesday, Chinese consumer inflation sank for the first …