Daily Oil & Energy News
ndia will witness a sharp rise in US crude flows in the coming months and even next year as refiners consider options to sign both spot and term contracts to Continue Reading
Oil production at one of the world’s largest offshore oil fields, Kashagan in Kazakhstan, has dropped by 80,000 barrels per day since early October because of unplanned maintenance, Kazakhstan’s energy Continue Reading
Indian Nyara Energy has been buying Venezuelan crude oil from Rosneft and paying in fuel instead of cash to avoid a breach of U.S. sanctions against Caracas, Reuters reports, citing Continue Reading
More than five months after the US ended sanctions waivers for Iran’s biggest oil buyers, the Trump administration continues to press China to stop importing Iranian crude oil, Brian Hook, Continue Reading
But the trade war has since blossomed into a broader, deeper ideological conflict. Events in the last week show that the two economic superpowers, though reaching a truce in their Continue Reading
The time was 1:30 a.m., and Hiroshi Ogawa was trying to decide whether he should run from the biggest typhoon to hit Japan in decades. His home stood near the Continue Reading
Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start Continue Reading
U.S. President Donald Trump on Wednesday said he likely would not sign any trade deal with China until he meets with Chinese President Xi Jinping at the upcoming APEC Forum Continue Reading
Chinese demand for natural gas is forecast to rise by 10 percent this year, a slower growth rate than in previous years, as slowing economic growth impacts demand, state-run Sinopec Continue Reading
The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said. “We’ve Continue Reading
Despite a Chinese promise to buy more U.S. farm products, questions remain over how much, the time frame for purchases, and what the U.S. might have to give in return. Beijing is Continue Reading
Following a political backlash in Iran over details of its plans to make Iran effectively a client state through various multi-layered oil and gas deals, China has switched its attention Continue Reading
South Korea’s crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the Continue Reading
China imported 10.08 million bpd of crude oil last month, up 11 percent on the year, customs data showed as cited by S&P Global Platts. This was the first time Continue Reading
The death toll in the worst typhoon to hit Japan for decades climbed to 66 on Tuesday as rescuers slogged through mud and debris in an increasingly grim search for Continue Reading
*Trump Says Progress Made on Currency, Foreign Exchange *Treasury Secretary Mnuchin Says Discussions Are ‘Almost Complete’ *Trump: ‘Good Progress’ on Technology Transfer Discussions with China *Mnuchin: U.S. Will Not Be Continue Reading
After five months of constant escalations in their long-running trade war with the US, Chinese officials on Friday finally secured a respite. In return for a series of modest concessions, most Continue Reading
Financial markets are downright exuberant about the arrival of some trade peace — at least for now — between the United States and China. President Trump boasted Friday afternoon of Continue Reading
Watch Rupert Wingfield-Hayes’ report from amid the heavy rain hitting Tokyo Watch Rupert Wingfield-Hayes’ report from amid the heavy rain hitting Tokyo Torrential rain and tornado-like winds are lashing large Continue Reading
U.S-China trade talks kicked off on a positive note Thursday as President Trump said he would meet with a top envoy of Chinese President Xi Jinping and the two sides Continue Reading
Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to ease a bitter 15-month trade war and business groups expressed optimism that Continue Reading
The United States’ and China’s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a Continue Reading
U.S. business leaders are worried about the long-term implications of an unending trade war. Large companies fear losing access to China, the world’s largest consumer market, while small businesses in Continue Reading
Trump administration officials are weighing a range of options that could inflict additional economic pain on China as the United States continues looking for ways to force Beijing to change Continue Reading
China’s tanker owning company Cosco Dalian, which was sanctioned by the U.S. two weeks ago for knowingly shipping Iranian oil, has seen one third of its oil tankers turn off Continue Reading
U.S.-China trade talks resume on October 10, a high stakes negotiation that leaves the global economy in the balance. Bloomberg reported that China is likely going to attempt to narrow Continue Reading
China’s crude oil imports from ship-to-ship transfers soared threefold between August and September to 910,000 tons, Bloomberg reports , citing ship tracking data. The source of the oil, the agency Continue Reading
Beijing sharply rebuked Washington on Tuesday for adding some top Chinese artificial intelligence startups to its trade blacklist, dimming hopes for progress in high-level talks aimed at ending a 15-month Continue Reading
U.S. and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations’ 15-month trade war, with neither side showing any signs of Continue Reading
President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan. (Susan Walsh/AP) Nathan Jeppson, the chief Continue Reading
China and Russia could deepen their energy cooperation as Beijing is interested in working with Russia to develop nuclear power and wind power projects in the Arctic region, Sputnik reported Continue Reading
China National Petroleum Corp. has pulled out of a $5 billion natural-gas project in Iran as escalating tensions threaten to sever Beijing’s trade with Tehran, a key lifeline for the Continue Reading
Chinese oil company CNPC has withdrawn from Iran’s flagship hydrocarbons project in a further blow to the Islamic republic’s economy, which has been hammered by US sanctions. Iran’s oil minister Bijan Continue Reading
The United Arab Emirates is finalizing talks on a $5-billion investment in a crude oil refinery project in Pakistan, local media report , with the construction of the facility likely Continue Reading
Global refinery margins trended higher last week, as refiners slow runs to complete planned maintenance before the onset of International Maritime Organization 2020 on January 1, an analysis from S&P Continue Reading
State energy giant PetroChina has announced new additions of almost 741 billion cubic meters to its shale gas reserves in the Sichuan province as well as certified reserves of 358 Continue Reading
Bihar and Uttar Pradesh: Floods bring chaos More than 100 people have died due to flooding caused by heavy rains in the Indian states of Uttar Pradesh and Bihar, officials Continue Reading
When earlier this year China announced subsidies for 22.79 GW of new solar power capacity, those following the country’s renewable energy story must have started to worry. The capacity subsidized Continue Reading
Economists say the improvement in both official and private gauges of factory activity is unlikely to mark a turnaround from the deepening slowdown in the industrial sector, as the world’s Continue Reading
Chinese tourists stand in front of a large screen set up for the 70th National Day celebrations as they visit Tiananmen Square on Sept. 27 in Beijing. (Kevin Frayer/Getty Images) Continue Reading
Oil traders around the world are scrambling to avoid being involved in the latest U.S. sanctions regarding Iranian oil after the United States imposed on Wednesday sanctions on a number Continue Reading
Climate activists have raised concerns about the number of power plants planned for development in Asia, but the threat of climate change appears to be just one reason to think Continue Reading
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