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China Oil

April 7, 2022

Russia Coal and Oil Paid for in Yuan Starts Heading to China

China Oil, Geopolitics

Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, Chinese consultancy Fenwei Energy Information…

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September 12, 2021

China Unloads Crude Oil From Reserves

China Oil

Despite a major intervention from the Chinese Government, Oil ended the week higher. In a move seen as necessary to deal with the rising fuel…

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June 20, 2021

China discovers a large oil and gas field in Xinjiang

China Oil

China discovers 900m-tonne oil and gas field in Xinjiang According to reports The Fuman Oilfield, where the super-deep well is situated, is the main block…

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November 8, 2020

China’s crude oil imports fall

China Oil, Commodities

China’s crude oil imports fall as heavy crude oil buying fades. China’s crude oil imports fell 12.2 percent in October from the previous month as…

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August 16, 2020

A look at China’s economy based on Crude imports?

China Oil, Commodities

China has imported a total of 51.29 million crude oil tons in July, expanding 25 percent since a year ago. According to SCMP The central…

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June 20, 2020

China’s crude oil output up 1.3 pct in May

China Oil

China’s crude oil output rose 1.3 percent year on year to 16.46 million tonnes in May, quickening from an increase of 0.9 percent registered in…

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May 6, 2020

SW China’s Sichuan Province reported natural gas discovery

China Oil

SW China’s Sichuan Province has reported the discovery of a natural gas field potentially containing over one trillion cubic meters of natural gas.

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March 29, 2020

China’s Sinopec cuts 2020 capital spending by 2.5%

China Oil

Asia’s top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging oil…

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October 1, 2019

China Oil Co discovered 1 billion tonnes of reserves in northwest China

China Oil

According to China National Petroleum Corporation (CNPC), the proven reserves at Qingcheng oilfield in the Ordos basin stand at 358 million tons, while its estimated…

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