Tag Archives: China

Saudi Arabia maintained its position as China’s top crude oil supplier for the ninth month in July, Reuters reported, citing data from the General Administration of Customs in China. Shipments from Saudi Arabia totaled 6.69 million tons in July, or 1.58 million barrels per day (bpd), compared with 1.75 million …

China and Arab states, both tasked with a mission to ensure energy security while pushing for a transition toward renewables, have set their eyes on closer energy ties, notably in green sources such as solar panels, hydrogen and nuclear power, energy authorities and industry insiders said Friday at a major …

Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt in July and August, meeting China’s voracious appetite for cheaper petrochemical feedstock given the increase in the number of its propane dehydrogenation plants, trade sources said. The high volumes, which some sources estimate could exceed 500,000 …

The global natural gas market is tightening with demand recovering this year as many countries led by China are seeing their economic life rebound following the pandemic. The global liquefied natural gas (LNG) demand growth this year has been driven primarily by China, Francisco Blanch, commodity and derivatives strategist at …

Australia exported a record 30.7 million tonnes of LNG to China, worth an estimated A$15.6 billion, EnergyQuest said in its latest report released today. Deliveries from Australia were up 7.3% from the previous record of 28.6 million tonnes posted in the full year ending June 2020, according to import statistics. …

China XD Group Co.’s listed unit gained on a report authorities are advancing plans to combine electricity transmission and distribution equipment makers to create a 110 billion yuan ($17 billion) behemoth. Units of China XD and State Grid Corp. of China would be merged under the proposal to help drive …

China’s oil demand is expected to be 1 million barrels per day (bpd) lower in the next two months than previously expected due to the rising number of COVID cases in the world’s top crude importer, Goldman Sachs says. Still, the overall hit to global oil demand will be more …

Operations at 53 shuttered coal mines in China will once again come to life, as China struggles to keep up with increased power demand, according to a statement by the National Development Reform Commission in China. Last week, China announced it would restart 38 coal mines in Inner Mongolia. Now, …

China will encourage renewable power generators to add energy storage or peak-shaving facilities, aiming to boost renewable power consumption and to ensure stable operation of the grid system, the country’s state planner said on Tuesday, Reuters reports. “China’s renewable energy has been developing rapidly in recent years, but shortcomings such …

China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing. These newcomers have gained the moniker “Teapot 2.0” in China, and are benefiting because they are fitting into Xi’s …