China


All posts for China

Changes to China's Tax Treatment of Fuel Oil Shakes Up Bunker Market

IMO 2020 leads to important changes in the bunker, fuel oil, and refining sectors in China that could bring about tax changes as China eyes new opportunity The IMO specification change will limit Sulphur content in ships' fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a la ...

Jake Wright


Posted 12 days agoPress > Chinafuel oilBunker +7

Brazil's Vale (Vale SA) Will Restart The Operation Of The Alegria Mine

Brazil's Vale (Vale SA) Will Restart The Operation Of The Alegria Mine According to reports, the Brazilian miner Vale SA recently stated that it has been authorized by the Brazilian regulator ANM to resume its Alegria mine operation. In March last year, after a “stress test” failed to guarantee it ...

roger chen - kaysuns industry limited


Posted 16 days agoPress > VALE SAKAYSUNSmine news +1

EIA projects that natural gas consumption in Asia will continue to outpace supply

According to the U.S. Energy Information Administration's (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especi ...

Hui Shan


Posted 21 days agoLink > ConsumptionDemandInternational +5

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 27 days agoLink > ProductionsupplyConsumption +9

EIA forecasts lower crude oil prices despite tighter global liquid fuels balances

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 1 month agoLink > CanadaChinaCrude oil +4

This Week in Petroleum: U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 1 month agoLink > CanadaChinaCrude oil +4

Building a prosperous and free Somalia through the Rule of Law

Opinion article by His Excellency Abdirashid Mohamed Ahmed, The Minister of Petroleum & Mineral Resources of The Federal Republic of Somalia As Dwight D. Eisenhower said: “The clearest way to show what the rule of law means to us in everyday life is to recall what has happened when there is no r ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoOpinion > SomaliaLawOil Blocks +5

Angola Announces Public Tender For Soyo Refinery

The Ministry of Mineral Resources and Petroleum of Angola will launch a public tender for the construction of the Soyo refinery. Initially announced in 2015, the construction of the refinery has since been put on hold. The tender reflects Angola's efforts to boost domestic refining capacity. ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoPress > LuandaAngolaCrude oil +2

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 3 months agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 3 months agoLink > InternationalChinaSaudi Arabia +7

This Week in Petroleum

Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increasedThe U.S. Energy Information Administration (EIA) estimates that during May 2019, Saudi Arabia's crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per d ...

Hui Shan


Posted 5 months agoLink > ChinaCrude oilexports +7

Escalating Trade Wars and Oil Markets

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


Posted 5 months agoLink > nrgedgeOilgas +10

Key Industry Projects to Watch Around the Globe in 2019

Oil and gas industry experts make sure to keep a close watch on upstream, midstream, and downstream oil and gas projects being built around the world. The ten most significant projects below were selected based on factors such as capital expenditure, its impact on employment in the industry, and the ...

Ruslan Baisarov - Tuva Energy Industrial Corp.


Posted 6 months agoOpinion > AI in Oil and Gas2019Indonesia +7

On the way up: The trends that will impact oil in 2019

The price of oil has been on a bullish trend since the start of the year. This is despite a steep decline at the end of last year because of a significant US shale industry output, which pushed down prices. The prices have recovered at the start of this year because the market has bet that supply w ...

Scott Johnson


Posted 8 months agoOpinion > OilVenezuelaChina +5

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 9 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69