China


All posts for China

China’s oil demand gradually recovers amidst deteriorating geopolitics

In the second half of 2020, China's oil demand is forecast to be 120,000 b/d lower year-on-year, or 14.1 million b/d, according to ESAI Energy's newly released China Watch report. The recovery of oil demand is more gradual than recent data suggest. Furthermore, and increased tensions with U.S. and I ...

Jake Wright


Posted 2 months agoPress > ChinaOiloil demand +1

The Future of North West Shelf LNG in Australia Turns

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 2 months agoLink > LNGShellAustralia +4

The Impact of COVID 19 In The Downstream Oil & Gas Sector

This overcapacity is intentional; since most refineries do not run at 100% utilisation all the time and many will shut down for scheduled maintenance periodically, global refining utilisation rates stand at about 85%. Just as shutting down an oil rig can take weeks to complete, shutting down an e ...

Hui Shan


Posted 3 months agoLink > Oil Refiningdownstreamcovid-19 +5

China in Africa: SACETA-AOP Partnership Opens Doors to New Chinese Investment in Africa

South Africa-China Economic and Trade Association (SACETA) enters partnership with Africa Oil & Power (AOP) to introduce Chinese corporations to African projects and firms. AOP is the continent's leading event organizer for the energy sector, covering all segments of the value chain and working c ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoPress > ChinaAfricaSACETA +7

Chinese Stainless Steel Flange Enterprises Already Have The Conditions For Normal Production And Operation

Affected By The Covid-19 Epidemic, The Situation Of Stainless Steel Flanges Is Not Optimistic 1. Global financial market turmoil, stainless steel flange futures plunged After the Chinese New Year, in the category of commodities related to economic growth, the strongest asset is the stainless stee ...

roger chen - kaysuns industry limited


Posted 5 months agoPress > stainless steel flangescovid-19China

Oil and gas industry faces huge loss

BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...

Will Fine


Posted 5 months agoOpinion > Farmington New MexicoDelaware BasinWest Texas Delaware Basin USA +63

Potential Outcome Scenarios for Covid-19 And Oil Markets

There are two items dominating the headlines in the energy sector at the moment: the global Covid-19 pandemic and the alarming decision of Saudi Arabia and Russia to go head-to-head in a price war. Scenario 2: Fast Covid-19 containment but slow resolution to the price war or Prolonged Covid-19 pa ...

Hui Shan


Posted 5 months agoLink > Covid19ChinaItaly +8

Surigo Mining Area In The Philippines May Implement A Blockade Policy. What Is The Impact Of Chinese Nickel Ore Imports?

Surigo Mining Area In The Philippines May Implement A Blockade Policy. What Is The Impact Of Chinese Nickel Ore Imports? According to the latest news, due to the impact of COVID-19, the port city of Surigao in the Philippines will be blocked from March 18 to March 31, and all foreign ships enterin ...

roger chen - kaysuns industry limited


Posted 6 months agoPress > Philippinesnickel oreChina +1

The Impact Of The Covid-19 Outbreak In Global Oil Markets

Iran now seems to be a hotbed of infection, with over 1,500 cases reported and 66 deaths recorded; the Covid-19's average fatality rate of 2% suggests that reported cases in Iran are underestimated. Of course, this would have a positive impact on prices, but on the whole, for the oil world to dea ...

Hui Shan


Posted 6 months agoLink > Covid19ChinaItaly +4

This Week in Petroleum

U.S. crude oil exports to China, the third-largest export destination in 2018, fell by nearly 100,000 b/d to average 133,000 b/d in 2019. The eight destinations in Asia and Oceania represent 1.3 million b/d, or a 43% share of total U.S. crude oil exports in 2019, and the five destinations in Euro ...

Hui Shan


Posted 6 months agoLink > ChinaCrude oilexports +2

The Wuhan Coronavirus Outbreak And Its Implications To Oil Demand

As the extent of pandemic became apparent, Wuhan was placed on virtual lockdown on 23 January; several other cities in Hubei – totalling almost 60 million people – followed suit. In China, the SARS effects on oil demand was broadly localised to one quarter – Q2 – and then also localised to one pr ...

Hui Shan


Posted 7 months agoLink > WuhanCoronavirusSars +1

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 10 months 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 10 months 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 10 months 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 10 months agoLink > ProductionsupplyConsumption +9