Tag Archives: China

Russia surpassed Saudi Arabia as the largest crude oil supplier to China over the past two months as Western sanctions due to Moscow’s war with Ukraine dragged down prices of its petroleum exports, boosting their appeal among Asian buyers. Last month, China imported 7.3 million tons of crude oil from …

China’s finance and investment spending in Belt and Road countries fell slightly in the first half compared to a year earlier, with no new coal projects and investments in Russia, Egypt and Sri Lanka falling to zero, new research showed. Saudi Arabia was the biggest recipient of Chinese investments over …

Chinese provincial-level governments approved the construction of coal-fired power plants with a total capacity of 8.63 gigawatts in the first quarter of 2022, nearly half the amount seen in all of 2021, research from Greenpeace East Asia’s Beijing office shows on Wednesday. While it is unclear whether such data is …

Two solar power projects were reportedly given to Chinese corporations by Iraq. This is in accordance with a contract deal between Iraq and China that was reached in 2019 led by former Iraqi Prime Minister Adel Abdul Mahdi. Both solar installations are in the Al-Muthanna Governorate, which borders Saudi Arabia …

China became the world’s largest importer of liquefied natural gas last year. But in a completely different energy market this year, China will likely cede the title to Japan, as Chinese imports of LNG are set for the largest-ever annual plunge since China started importing the super-chilled fuel in 2006. …

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it started importing LNG, reported Wood Mackenzie. After solid growth in 2021, China’s gas and liquefied natural gas (LNG) demand is expected to slow down in 2022. China’s gas …

China’s crude oil output saw a steady expansion, rising four percent year-on-year in the first six months, official data showed. The growth was bolstered by increased oil and gas production. Relevant enterprises continue to intensify oil and gas exploration and development, effectively promoting the production and stability of crude oil …

Shares of solar and alternative energy providers have received a much-needed shot in the arm after news emerged that China is considering a $220B stimulus package to shore up its sluggish economy. Solar-related names posted big gains on Tuesday, led by Chinese solar product manufacturers Daqo New Energy (NYSE: DQ) …

China’s imports of edible oils plunged to the smallest in more than seven years on weak demand from the restaurant industry as the impact of Covid lockdowns lingers, and on expectations prices will drop even more. Just 254,000 tons were unloaded in June, the lowest monthly total since February 2015, …

The re-emergence of the Covid pandemic in China continued to play a significant role in the price movements of crude oil . At 10.03 am on Tuesday, September Brent oil futures were at $105.61, down by 1.31 per cent, and August crude oil futures on WTI were at $102.41, down …