Tag Archives: China

China accounts for $65-70 billion worth of Iran’s foreign trade each year, according to a senior Iranian businessman who says that China’s oil purchases from Iran have reached record levels. Majid Reza Hariri, who chairs the Iran-China Joint Chamber of Commerce, said on Saturday that up to 50% of Iran’s …

Despite record solar and wind capacity additions and booming renewable energy output, China is not giving up on coal, on the contrary. During the first half of 2025, China commissioned as much as 21 gigawatts (GW) of coal power, the highest amount in the first half of the year since …

The Chinese government is planning to reduce the number of oil refiners and petrochemicals producers in the country in a bid to solve the industry’s problem with overcapacity. According to a Bloomberg report, the authorities will shut down some smaller refineries and upgrade facilities that have become outdated. The latter …

China has boosted imports of Russia’s flagship Urals crude, as refiners buy additional volumes of discounted oil while India is hesitant amid U.S. threats over its purchases of Russian oil. China is the top buyer of Russian crude, but most of its imports consist of the ESPO grade shipped from …

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons …

As China continues to grow its electric vehicle (EV) industry, it has expanded to several new markets in recent years, opening multiple production and assembly plants across Latin America. Chinese EV companies now offer a wide variety of EV models at competitive prices, making them well-suited to the Latin American …

Electricity generation from hydrocarbons in China surged to the highest in a year last month driven by record temperatures, Reuters reports, citing official Beijing data. Total generation from coal and gas rose by 4.3% last month to 602 billion kWh, as wind and solar cannot meet such swings in demand …

Chinese oil refining throughput jumped by 9% in July from a year earlier amid higher utilization capacity at state-owned refiners, according to official data released on Friday. Chinese refiners processed 14.85 million barrels per day (bpd) of crude oil last month, per the data from the National Bureau of Statistics …

China’s Foreign Ministry justified its imports of Russian oil on Aug. 8, suggesting Beijing will continue to purchase oil from Moscow despite U.S. President Donald Trump’s tariff threats. “It is legitimate and lawful for China to conduct normal economic, trade and energy cooperation with all countries around the world, including …

Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on Friday. Overall Chinese car sales also saw slowing growth last month, as the government is trying to tackle the overcapacity …