Tag Archives: China

While the European Union and the UK are trying to shake off dependence on Russian oil and coal in the wake of Russia’s invasion of Ukraine, Europe is also taking steps to reduce its dependence on China for critical minerals and rare earth elements that are crucial to the energy …

Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia …

Microchips, along with their parts and components have become a huge part of modern life. They’re used in computers, machinery, phones, and many other electronics and appliances we use on a daily basis. Of course, various metal parts and components are integral to the manufacturing of these microchips. How has …

The southwestern Chinese province of Sichuan is baking in the worst heatwave in six decades, with hydropower generation from the Yangtze River falling and factories closing to ease the pressure on the grids. The heatwave is reducing water levels on the Yangtze River to the lowest on record for this …

The signing last week of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company – formerly the Arabian American Oil Company – (Aramco) and the China Petroleum & Chemical Corporation (Sinopec) is a critical step in China’s ongoing strategy to secure Saudi Arabia as a client state. …

China has the second largest number of nuclear power units in operation or under construction in the world, Tang Bo, an official with the National Nuclear Safety Administration, said on Tuesday. Speaking at the opening ceremony of the 29th International Conference on Nuclear Engineering (ICONE), Tang said that, as of …

China’s natural gas output has exceeded 100 billion cubic meters per year during the past consecutive five years, thepaper.cn learned from Chinese energy giant China National Petroleum Corporation (CNPC) on Sunday. The rising output is a result of multiple factors such as technology progress and China’s accelerated efforts to develop …

Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc. Gas prices in Europe soared after Russia slashed supplies to its biggest market following the invasion of …

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 …