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Tag: China

Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar

Iraq has put on hold an oil supply deal with a Chinese company that featured an advance payment of several billion dollars as higher oil…

China Imports 11.12 Million Bpd Of Oil In January

China’s January crude oil imports averaged 11.12 million bpd, according to energy analytics company OilX. This was up by more than 18 percent, or 1.74 million…

New Gas Compressor Station in Turkmenistan to Ensure Growth of Gas Supplies to China

A new gas compressor station (GCS) with an annual capacity of 30 billion cubic meters (bcm) of gas has been commissioned in the east of…

China Issues Higher Oil Import Quotas For 2021

China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019,…

China’s Top Refiner Sees Oil Product Demand Peak By 2025

China’s largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, Argus reported…

China November crude throughput hits daily record: Reuters

In November, China’s crude oil throughput rose 3.2% on year,setting a record high daily, as a substantial private refiner started trials of a new refining…

China grants export license to private oil company for first time

Zhejiang Petroleum Company & Chemical was the first private enterprise in China to receive permission to export petroleum products, Report says, citing Xinhua, authorities of the eastern…

Australia-China Spat Threatens LNG Deal

A sharp worsening in relations between Australia and China could threaten a deal that would have seen Woodside Petroleum sell a stake in a natural…

China raises oil quota 20 percent to leverage low oil prices

(Bloomberg) –A sharp drop in oil prices may be about to get some relief from China Against a backdrop of sagging demand and signs of…

Russia’s Gazprom Boosts Natural Gas Supplies To China

Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared…

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