Daily Oil & Energy News
President Trump’s top economic adviser said Friday that there are “no arbitrary deadlines” for completing a limited trade deal with China ahead of a new set of tariffs planned for Continue Reading
China will officially launch on Monday its long-mooted state oil and gas pipeline group combining the infrastructure assets of the state-owned energy majors into one huge midstream group, which analysts Continue Reading
A giant bushfire on the edge of Sydney, which has blanketed the city in smoke causing a spike in respiratory illnesses and the cancellation of outdoor sports, will take weeks Continue Reading
China’s trade negotiations with the U.S. remain on track, Beijing said, offering official reassurance after tensions flared between the world’s two biggest economies over human-rights issues in China. China’s Commerce Continue Reading
Russia’s mega-project to export its gas to China, the Power of Siberia pipeline, came online December 2. By 2024, the pipeline is expected to deliver 38 billion cubic meters (bcm) Continue Reading
China reacted angrily to President Donald Trump’s approval of legislation supporting Hong Kong protesters last month, but movement on another congressional bill, backing Uighur Muslims in China’s northwest, has cut Continue Reading
When the news broke that a startup funded by Bill Gates had succeeded in generating temperatures of more than 1,000 degrees Celsius using solar energy, it dealt a blow to Continue Reading
Crude imports for China’s independent refineries fell 14.4% in November to 11.9 million mt, or 2.91 million b/d, from the record high of 13.9 million mt in October, a monthly Continue Reading
Tesla Inc ( TSLA.O ) said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the Continue Reading
China continues to be the leading country for e-mobility in terms of industry and market, according to the E-Mobility Index 2019 from fka GmbH and Roland Berger GmbH. Although Germany Continue Reading
China is looking to raise its target to have new energy vehicles (NEVs) account for 25 percent of all car sales in 2025, up from a previous target of ‘over Continue Reading
Mercedes-Benz Cars has opened a factory for plug-in hybrid (PHEV) batteries in the Bangkok region in Thailand. The new battery factory was built on a 50,000 m² site located at Continue Reading
South Korea’s LG Chem ( 051910.KS ) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture Continue Reading
Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic Continue Reading
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and Continue Reading
President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest Continue Reading
China warned on Wednesday that the U.S. House of Representatives bill calling for a tougher U.S. response to Beijing’s treatment of its Uighur Muslim minority will impact bilateral cooperation, casting Continue Reading
The United States and China are moving closer to agreeing on the amount of tariffs to be rolled back in a phase-one trade deal, Bloomberg reported on Wednesday, citing sources. Continue Reading
U.S. President Donald Trump said on Tuesday he had no deadline for reaching a trade agreement with China and it might be better to wait until after the U.S. presidential Continue Reading
Russia is the second-largest producer and the largest exporter of natural gas in the world. The country’s most important customers are in Europe where the bulk of its exports are Continue Reading
China said Monday it would sanction U.S.-based nonprofits including the National Endowment for Democracy and Human Rights Watch in retaliation for the United States passing legislation in support of Hong Continue Reading
China’s manufacturing sector activity expanded in November on improved orders and production, helping to support flat steel prices, which rose 2% from October after three months of declines. The manufacturing Continue Reading
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an Continue Reading
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. Continue Reading
China vented on Thursday after President Trump signed new human rights legislation covering the protest-wracked city of Hong Kong. It denounced the new law as illegal interference in its own Continue Reading
There are not many political messages that can slip through a closed window or a locked door, but that’s just what happened last week in Australia’s biggest city. Climate change Continue Reading
The swirling currents of the once mighty Mekong shrunk by drought and increasingly crippled by dams point towards an unprecedented crisis of water governance along the more than 4,900 kilometers Continue Reading
Despite oil prices trading in a range that should have stimulated a notable improvement in consumption, the world actually consumed just 1.6 percent more oil between June and August this Continue Reading
South Korea will shut up to 15 coal-fired power plants out of the total 60 for three months starting December 1 to help reduce air pollution, which could give a Continue Reading
Throughout India, the number of days with very heavy rains has increased over the last century. At the same time, the dry spells between storms have gotten longer. Showers that Continue Reading
Profits at China’s industrial firms shrank at their fastest pace in eight months in October, tracking sustained drops in producer prices and exports and underscoring slowing momentum in the world’s Continue Reading
China’s crude imports from Saudi Arabia surged 76% year on year to hit new high of 1.99 million b/d in October, while there were no arrivals from Venezuela in the Continue Reading
Where forested hills dip into the sea, Sahman Ukas scoops up rusty-red topsoil. His hands hold nickel that is more concentrated than many of the world’s richest deposits. It’s no Continue Reading
Coal should be on its last legs. It’s dirty, it’s finite, and it’s not even that cheap anymore . These factors make it all the more surprising that Beijing is Continue Reading
China’s new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies Continue Reading
China’s gasoline exports surged 168.4% year on year to hit a fresh high of 1.73 million mt in October, but gasoil outflow fell to a 13-month low of 1.19 million, Continue Reading
Chinese thermal coal prices are likely to come under pressure in 2020 from rising domestic output, while India makes further gains in its quest to surpass China as the world’s Continue Reading
The leaders of the United States and China on Friday both underscored their desire to sign an initial trade deal and defuse a 16-month tariff war that has lowered global Continue Reading
In recent months, eco-activist Greta Thunberg who has become synonymous with the global climate change movement has made consistent appeals at the developed world, demanding an end to its evil, Continue Reading
Strong winds stoked more than 100 fires across Australia’s east coast on Tuesday, blanketing Sydney in hazardous smoke and prompting health warnings for the country’s most populous city. Australia is Continue Reading
China wants to work out an initial trade pact with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is Continue Reading
China’s Sinopec, the country’s largest refiner, is building a 200,000-bpd refinery in southern China, which will use Kuwaiti crude as feedstock, unnamed sources told Reuters. The refining and petrochemical complex Continue Reading
Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff Continue Reading
U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase Continue Reading
German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) Continue Reading
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an Continue Reading
The world’s biggest lithium-ion battery is about to get even bigger after its Australian operators decided to expand in a bid to stabilise the nation’s fragile electricity grid. French renewables company Continue Reading
Trade talks between the U.S. and China are in danger of hitting an impasse, threatening to derail the Trump administration’s plan for a limited “phase-one” pact this year, according to Continue Reading
China is set to add new coal-fired power plants equivalent to the EU’s entire capacity, as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in Continue Reading
Not so long ago, oil prices would surge or plummet on just a whisper from OPEC, who at the time held all the supply cards. The mere hint that the Continue Reading