Tag Archives: China

Bitcoin traded above $32,000 on Thursday after Elon Musk said Tesla would likely start accepting it as payment again as more renewable energy was used to mine the cryptocurrency. Tesla had said in May that it would not accept Bitcoin as payment because of the vast amounts of electricity needed …

China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and is dominated by Singapore, Bloomberg reports. Singapore, the leader of the bunkering market, sold nearly 50 million tons of marine …

Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass the U.S. to become the world’s biggest refining nation this year. Volumes hit 14.86 million barrels per day last month, up 3.8% from May, according to Bloomberg calculations based on …

Oil prices fell on Wednesday over fresh concerns about demand after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic.

The world’s first commercial modular small reactor on land, the Linglong 1, has officially entered into the construction phase for a demonstration project in Changjiang Nuclear Power Plant in South China’s Hainan Province on Tuesday, sending a renewed signal to the world regarding China’s leading position in modular small reactor …

A trial program focused on domestically made Natural Gas Hydrate (NGH) exploration equipment has been completed in the South China Sea, Global Times learned from China National Offshore Oil Corporation (CNOOC) on Monday, marking a forward step in China’s NGH detection and exploration development. CNOOC said the trial program had …

China’s ambitious goal of replicating North America’s shale revolution will change the dynamics of the global liquefied natural gas (LNG) market to the benefit of gas importers in the Arabian Gulf. Last week China took a big step towards opening up its vast gas reserves with a deal struck between …

China will launch a nationwide carbon emissions trading scheme for the electricity sector in July, the cabinet said on Wednesday. The launch of the scheme aims to control and reduce greenhouse gas emissions viA THE market scheme, according to a meeting chaired by Premier Li Keqiang.

Qatar Petroleum has signed a sale and purchase agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to China for 10 years. LNG deliveries will commence in January 2022 to various LNG terminals in China. Saad Sherida Al-Kaabi, the Minister of State for …

Qatar Petroleum (QP) on Wednesday entered into a long-term Sale and Purchase Agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to the People’s Republic of China for ten years. LNG deliveries will commence in January 2022 to various LNG terminals in China, …