China


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Australian LNG Industry Riding High on China Boom

Total annual exports up 26% to record 56.8Mt Australian liquefied natural gas (LNG) exports hit 56.8 million tons (Mt) in calendar 2017, jumping 26.3 percent from 44.9Mt in the year prior. Combined with higher oil prices, the increase in volumes pushed up Australia's 2017 LNG export revenue by ...

OilVoice Press - OilVoice


Posted 1 year agoPress > AustraliaChinaLNG +3

Whether We Like It Or Not, Events Do Impact Oil Prices

This last week we've seen a number of significant events in the oil industry. A tanker fire and oil spill off the coast of China, President Trump's decision to ban drilling off the coast of Florida, and oil prices have now risen to their highest level since 2014. In the oil business it's easy to ma ...

Scott Johnson


Posted 1 year agoOpinion > oil priceIranDonald Trump +2

Alexey Miller: Basis Laid for Another Pipeline Route of Russian Gas Supplies to China

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing today. Highlighting the successes of their partnership in the gas sector, the parties noted the progress made in the implementa ...

OilVoice Press - OilVoice


Posted 1 year agoPress > RussiaChinaGazprom +2

Oil Prices Set to Fall in January – But Could 2018 See a Major Collapse?

There have been four major modern oil price collapses: 1986, 1998, 2008, and the most recent in 2014. Most market watchers agree that prices will fall in January 2018, but could we be on the cusp of another collapse? To spot the signs we need to go back to June 2014. Between 2000 and 2008 , oil p ...

Scott Johnson


Posted 1 year agoOpinion > Oil Price predictionscollapseUS Shale +7

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

China Opens Floodgates for Crude Oil Imports, Fuel Exports

China's Ministry of Commerce  has added 643,000 b/d to the 2017 fuel export quota for China's oil refineries,  according to ESAI Energy's recently published  China Trade Watch . This will significantly boost China's  fuel exports in November and December 2017.   The Ministry also announced  a crud ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinaCrude ImportsFuel Exports +1

EIA Forecasts Growth in World Nuclear Electricity Capacity, Led by Non-OECD Countries

Source: U.S. Energy Information Administration, International Energy Outlook 2017 Reference case Note: OECD is the Organization for Economic Cooperation and Development. EIA's International Energy Outlook 2017 (IEO2017) projects that global nuclear capacity will grow at an average an ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinaElectricityNon-OECD +5

Almost 40% of Global Liquefied Natural Gas Trade Moves Through the South China Sea

Source: U.S. Energy Information Administration, based on IHS EDIN, BP Statistical Review of World Energy 2017 , and Chinese import statistics from Global Trade Tracker Note: Click to enlarge . The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almo ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIALNG +5

China Leads the Growth in Projected Global Natural Gas Consumption

Source: U.S. Energy Information Administration, International Energy Outlook 2017 Global natural gas consumption is expected to grow from 340 billion cubic feet per day (Bcf/d) in 2015 to 485 Bcf/d by 2040, primarily in countries in Asia and in the Middle East, based on projections in EIA' ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAChina +2

SECCO Selects Honeywell Connected Plant Technologies For Operator Training

Cloud-deployed, simulation-based operator competency training enables smarter, safer and more efficient plant operations. Honeywell (NYSE: HON) Process Solutions (HPS) today announced that Shanghai SECCO Petrochemical Company Limited (SECCO) will upgrade its operator training simulator (OTS) s ...

OilVoice Press - OilVoice


Posted 1 year agoPress > HoneywellChinashanghai +1

Offshore Wind Update: Total Capex Forecast at EUR396bn Over 2017-2026

Westwood's most recent edition of the Word Offshore Wind Market Forecast is now available. The UK is expected to remain a key contributor to the market, accounting for 18GW in additional capacity over 2017-2026 (exclusive of projects at the concept and speculative stages). Notably, as the curre ...

OilVoice Press - OilVoice


Posted 1 year agoPress > United Kingdomoffshore windCAPEX +1

Trump's Solar Tariff Confusion Creates An Opportunity

By Irina Slav for Oilprice.com The solar sector is reeling from confusion, and stock prices are reeling right along with it. The time it has taken investors and traders to wrap their heads around Trump's industry tariffs and the pyrrhic victory of two solar companies in a case against cheap Ch ...

Oilprice Staff


Posted 1 year agoOpinion > Donald TrumpSolar Tariffsolar power +5

Chinese Coal-Fired Electricity Generation Expected to Flatten as Mix Shifts to Renewables

Coal-fired electricity generation in China, the world's largest coal consumer, is expected to remain flat through 2040, according to EIA's International Energy Outlook 2017 (IEO2017). Other fuels, such as renewables, natural gas, and nuclear power, are expected to make up increasing shares of C ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ChinaCoalElectricity Generation +2

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine


Posted 1 year agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36

The Solar Panels Imports Case And The Future Of Self-Sufficiency

Last week the U.S. International Trade Commission (ITC) ruled that the American solar panel industry had been harmed by cheap imports though it did not specifically find that the competition was unfair . The decision has stunned the solar industry which has relied on cheap panel imports to spur ...

Oilprice Staff


Posted 1 year agoOpinion > Solar PanelITCPresident Trump +1