Daily Oil & Energy News
A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol exports in July Continue Reading
India may be planning its own EV battery gigafactory, LiveMint reports, citing an unnamed government official. According to the report, the facility would cost US$4 billion to build. “We are Continue Reading
India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and Continue Reading
Chinese refineries will reduce their throughput during the current quarter ahead of the country’s National Day holiday that begins in October, S&P Global Platts reports , citing a general state-imposed Continue Reading
US Secretary of the Treasury Steven Mnuchin and Trade Representative Robert Lighthizer will resume trade talks in Shanghai on July 30, with a focus on agriculture, the trade deficit and Continue Reading
Discussions between India’s largest company, Reliance Industries, and Aramco, the world’s single biggest oil producing firm, have hit a stumbling block as the Indians want higher valuation than the Saudis Continue Reading
A Chinese bank asked a federal judge on Tuesday to deny Philadelphia Energy Solutions’ initial bankruptcy requests, arguing it should get priority over any insurance payouts after a June fire Continue Reading
The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its Continue Reading
JXTG Holdings, Japan’s biggest oil refiner, said on Tuesday it plans to close a 115,000 barrel per day (bpd) Osaka refinery that it owns with PetroChina next year, amid falling Continue Reading
Kazakhstan’s North Caspian Operating Company, which manages the giant Kashagan oil field, is planning further production increases after recent upgrade and maintenance work, and aims to present a new project Continue Reading
China recorded a year-on-year decline in its gasoline production in June 2019, the first time so far this year, which has also been rarely seen over past years. The country Continue Reading
BMW Brilliance Automotive (BBA) has become the first automobile manufacturer to enable full 5G wireless coverage at all its plants. The new wireless standard allows large quantities of data to Continue Reading
A massive explosion has been reported at China’s Yima gas plant in Henan province, damaging buildings in a 3-kilometer radius. The casualties are still unknown as of the time of Continue Reading
In order to meet the growing demand for electricity, China’s biggest power generator, China Energy Group is planning to build 11 gigawatts (GW) of new coal power during this and Continue Reading
India’s government doesn’t plan to completely ban diesel and gasoline vehicles because continuously rising fuel demand has to be met by a combination of fossil fuels, biofuels, and electric vehicles, Continue Reading
Nearly 75 percent of power in India is still generated from coal. While coal-fired power generation is still growing, ambitious clean energy policies and falling solar costs could soon stop Continue Reading
Yet from a different perspective, it’s far less impressive. First, official statistics probably paint too flattering a picture. Per-capita income may be a quarter lower than reported, based on a Continue Reading
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of Continue Reading
U.S. President Donald Trump has warned that the U.S.-China trade war can ratchet up further, if the United States wants. U.S. President Donald Trump has warned that the U.S.-China trade Continue Reading
China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy is slowing, saying this was “totally Continue Reading
China’s greenhouse gas emissions jumped by 53.5 percent in the decade between 2005 and 2014, according to Chinese government figures that Beijing is obliged to report as a signatory to Continue Reading
Chinese crude oil throughput hit a new record in June as two new large refineries started up, driving processing rates higher, according to official data from China released on Monday. Last Continue Reading
China’s economy grew at its slowest pace in almost three decades in the second quarter as the trade war with the US took its toll on exports. But resilient domestic consumption Continue Reading
Chinese economic growth slipped to 6.2% in the April-through-June quarter, as measured by gross domestic product, after holding steady at 6.4% in the previous two quarters, official statistics showed Monday. Continue Reading
Investments remained weak on a quarterly basis, even though the month of June saw the beginning of a potential recovery as Beijing encouraged banks to lend more. Exports fell in Continue Reading
Lam Yik Fei for The New York Times BEIJING — China’s growth fell to its slowest pace in nearly three decades, officials said on Monday, as a resurgence of trade Continue Reading
Singapore — China’s gross domestic product during the first half as well in the second quarter of 2019 expanded at the lowest pace in at least 27 years, data from Continue Reading
China’s coal output rose in June from the previous month to a record high, official data showed on Monday, as miners ramped up production to ensure supply ahead of peak Continue Reading
SINGAPORE (Reuters) – Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude Continue Reading
Thanks to demand from the start-up of major refineries, Chinese crude oil imports in June have increased since May, and has increased by 15.2 percent from June last year, customs Continue Reading
Japan has adopted a peaceful approach towards nuclear technology , limiting it to the use of supplying electricity. This is despite being the only nation to have suffered devastating effects Continue Reading
India continues to hold technical and commercial discussions with Westinghouse for arriving at a project proposal for nuclear reactors in the state of Andhra Pradesh, Jitendra Singh, Minister of State Continue Reading
China’s biggest oil and gas producer PetroChina—the first company in the world to reach a US$1-trillion valuation more than ten years ago—is now so cheap that it is worth less Continue Reading
Risky borrowers are running into trouble in China and that is putting pressure on trust companies, an important corner of the country’s shadow-banking system. The fear is that this could Continue Reading
Sales of passenger cars in China fell 14 percent in the first half of the year compared with 2018, putting automakers in the world’s largest market on track for a Continue Reading
China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil Continue Reading
China’s solar panels would work better with less air pollution Kevin Frayer/Getty Images Cleaning up China’s hazy skies would increase electricity generation from the country’s vast array of solar panels Continue Reading
The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their Continue Reading
SINGAPORE/BEIJING (Reuters) – China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on Continue Reading
General Motors Co ( GM.N ) and Ford Motor Co ( F.N ) announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers Continue Reading
Kazakhstan has snubbed a top Chevron official over unrest at the giant Tengiz oil field, operated by the company’s Kazakh joint venture Tengizchevroil (TCO), as new President Kassym-Jomart Tokayev welcomed Continue Reading
Transmission line connects Xinjiang to Anhui Thermal coal burn to fall by 30 million mt/y China’s thermal coal demand is likely to fall once the world’s longest ultra-high voltage transmission Continue Reading
Russia remained as the top crude supplier to China’s independent refineries in June — the second consecutive month — with 2.32 million mt arrived, far outpacing the second supplier in Continue Reading
Existing U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China’s commerce ministry said on Thursday. The leaders of the Continue Reading
Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade war between the world’s two largest Continue Reading
The search for ever-better materials to soak up oil from water has recently added a new member to this highly specialized and highly sough-after family: Chinese scientists have invented a Continue Reading
China’s eastern province of Shandong aims to cut its coal consumption by 50 million tonnes in five years, the provincial government said in a statement on Tuesday, to reduce greenhouse Continue Reading
India’s top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first tender to hire an oil tanker with scrubbers that Continue Reading
China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of industries as per Continue Reading
Highlights MOU announced in 2017 still awaits action Ongoing US-China trade war complicates investment decisions Houston — West Virginia officials are still hopeful that China Energy will eventually make good Continue Reading