Tag Archives: China

Tesla is moving forward with plans to develop new operations in China despite the ongoing trade war between the United States and China, and with uncertainty over tariffs. In June, Tesla signed an agreement to develop a grid-scale battery power plant in China to help provide the country with a …

China’s oil imports from Iran surged in June as shipments accelerated before the recent conflict between Israel and Iran and demand from independent refineries improved, analysts said. The world’s top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day from June 1-20, …

China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year. The project, China’s largest deepwater gas development to date, officially reached full capacity on …

Russia is set to raise the shipments of the ESPO Blend crude from its Far East port of Kozmino in July, after lower exports this month due to maintenance, trading sources told Reuters on Wednesday. ESPO loadings from Kozmino are expected at 4 million tons, or about 970,000 barrels per …

China has reduced its coal imports and increased exports on ample supply of the commodity, Bloomberg has reported, citing a 13% increase in outbound coal shipments from the country in the first five months of the year. China exported 2.5 million tons of coal between January and May, with the …

For decades, China has driven the lion’s share of oil demand growth thanks to its remarkable economic boom and large population. However, China is now losing its prominence in global oil markets due to a dramatic slowdown in its economy coupled with the country’s ongoing electric vehicle revolution. Last year, …

In a major breakthrough, China has successfully produced Yttrium-90 (Y-90) using a commercial nuclear reactor, the China National Nuclear Corporation (CNNC) announced on Sunday. The Y-90 glass microspheres, produced through irradiation at the Qinshan Nuclear Power Base in east China’s Zhejiang Province, have passed relevant tests, indicating that the country …

This year’s milder winter, weak industrial demand, and higher gas pipeline imports are set to result in the first decline in China’s LNG imports since 2022, according to estimates by research firms compiled by Reuters. Last year, China imported a total of 76.65 million metric tons of LNG. This year, …

US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see “Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates”) blunting the impact of its dominations of exports of rare earth metals. China …

As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent …