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…
China Oil
China Unloads Crude Oil From Reserves
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…
China discovers a large oil and gas field in Xinjiang
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…
China’s crude oil imports fall
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…
A look at China’s economy based on Crude imports?
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…
China’s crude oil output up 1.3 pct in May
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…
SW China’s Sichuan Province reported natural gas discovery
SW China’s Sichuan Province has reported the discovery of a natural gas field potentially containing over one trillion cubic meters of natural gas.
China’s Sinopec cuts 2020 capital spending by 2.5%
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…
China Oil Co discovered 1 billion tonnes of reserves in northwest China
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…