Tag Archives: China

Bitcoin and other cryptocurrencies have received a lot of negative attention in recent months and years for their absolutely staggering energy consumption. Bitcoin alone consumes approximately the same amount of energy the Netherlands thanks to the extremely energy-intensive “mining” process in which miners hook up computers–in some cases entire warehouses …

China has taken the global lead in nuclear energy construction capacity, as the installed capacity of nuclear power generating units under construction remained the world’s largest in the past few years with 17 units currently under construction, according to the Blue Book of Nuclear Energy 2021 released by China Nuclear …

China’s electricity-guzzling Bitcoin mines, which power nearly 80 per cent of the world’s cryptocurrency trade, could undermine the country’s climate goals, according to a study published on Tuesday in the scientific journal Nature. While the terminology cunjures up images of digging up precious minerals from a hole in the ground, …

North Asia’s liquefied natural gas importers are making earlier-than-usual moves to stock up ahead of the winter, after they were caught flat-footed this year by a sudden cold blast that sent spot rates skyrocketing to a record. China’s Sinopec purchased at least 35 cargoes for delivery between June and February …

China’s crude oil imports are estimated to have declined by 8.81 percent month over month in March to stand at 11.26 million barrels per day (bpd), energy analytics services provider OilX said, noting that its assessment doesn’t show massive crude flows from Iran into China last month. In recent weeks, …

China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed demand for fuels. Bloomberg reports that the refining capacity of the country has increased threefold over the last 20 years …

China’s Sinopec Corp, Asia’s largest oil refiner aims to be carbon neutral by 2050, with its near-term strategy focused on natural gas development and a long-term pivot to hydrogen, top executives said on Monday. As China’s largest hydrogen producer, Sinopec will focus on fossil fuel-based hydrogen production over the next …

As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil refiner in 2020. As China began to ramp up its refining capacity throughout the pandemic, the US Energy Information Administration …

Crude oil producers from Europe, Africa and the United States faced difficulties selling to Asia, especially China, as buyers took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said on Thursday. Chinese independent refiners, which account for a fifth of the country’s imports, have slowed imports …

India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian economy is projected to record a 7.7 percent decline in the financial year ending this month–the single largest drop in …