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Taiwan accuses China of exaggeration with islands footage
Aug. 16, 2022
Source: REUTERS

Taiwan accuses China of exaggeration with islands footage

Taiwan accused China of exaggeration on Tuesday after the Chinese military published footage of the strategically located Penghu islands, where there is a major Taiwanese air base, saying it was not true Chinese forces had come near the islands.

China Belt & Road spending dips in H1, with no investment in Russia - research
July 25, 2022
Source: Reuters

China Belt & Road spending dips in H1, with no investment in Russia - research

China's finance and investment spending in Belt and Road countries fell slightly in the first half compared to a year earlier, with no new coal projects and investments in Russia, Egypt and Sri Lanka falling to zero, new research showed. Saudi Arabia was the biggest recipient of Chinese investments over the period, with about $5.5 billion, According to the Shanghai-based Green Finance and Development Center (GFDC) in research published on Sunday.

China Belt & Road spending dips in H1, with no investment in Russia - research
July 25, 2022
Source: Reuters

China Belt & Road spending dips in H1, with no investment in Russia - research

China's finance and investment spending in Belt and Road countries fell slightly in the first half compared to a year earlier, with no new coal projects and investments in Russia, Egypt and Sri Lanka falling to zero, new research showed. Saudi Arabia was the biggest recipient of Chinese investments over the period, with about $5.5 billion, According to the Shanghai-based Green Finance and Development Center (GFDC) in research published on Sunday.

Sinopec taps shale oil at mature east China oilfield
July 19, 2022
Source: Reuters

Sinopec taps shale oil at mature east China oilfield

China's Sinopec Corp said on Tuesday it has tapped a daily flow of 30 tonnes of oil and 1,500 cubic meters of gas at a mature oilfield in east China's Jiangsu province. The company said the flows, from exploration well Hua-2-ce in the Jiangsu oilfield, marked a breakthrough in unlocking 1.1 billion tonnes of prospective shale oil resources in the Subei basin. The firm will accelerate the construction of a pilot shale oil production zone in the area, Sinopec said, without giving further details.

Sinopec taps shale oil at mature east China oilfield
July 19, 2022
Source: Reuters

Sinopec taps shale oil at mature east China oilfield

China's Sinopec Corp said on Tuesday it has tapped a daily flow of 30 tonnes of oil and 1,500 cubic meters of gas at a mature oilfield in east China's Jiangsu province. The company said the flows, from exploration well Hua-2-ce in the Jiangsu oilfield, marked a breakthrough in unlocking 1.1 billion tonnes of prospective shale oil resources in the Subei basin. The firm will accelerate the construction of a pilot shale oil production zone in the area, Sinopec said, without giving further details.

Column: Asia imports of thermal coal, LNG hold up despite record prices
July 12, 2022
Source: Reuters

Column: Asia imports of thermal coal, LNG hold up despite record prices

With thermal coal and liquefied natural gas (LNG) prices holding close to record highs in Asia, it would be logical to expect demand destruction, especially in developing nations said to be price sensitive. But it isn't happening yet.India, the world's second-biggest coal importer, behind China, saw record arrivals in June of thermal coal, used mainly to generate electricity, according to data compiled by commodity analysts Kpler.

Column: Asia imports of thermal coal, LNG hold up despite record prices
July 12, 2022
Source: Reuters

Column: Asia imports of thermal coal, LNG hold up despite record prices

With thermal coal and liquefied natural gas (LNG) prices holding close to record highs in Asia, it would be logical to expect demand destruction, especially in developing nations said to be price sensitive. But it isn't happening yet.India, the world's second-biggest coal importer, behind China, saw record arrivals in June of thermal coal, used mainly to generate electricity, according to data compiled by commodity analysts Kpler.

Oil falls on recession jitters, China COVID curbs
July 11, 2022
Source: Reuters

Oil falls on recession jitters, China COVID curbs

Oil prices fell around $1 on Monday in volatile trade, reversing some gains from the previous session, as worries about a recession and China's COVID-19 curbs hitting demand outweighed ongoing concerns about tight supply. Brent crude futures fell 82 cents, or 0.8%, to $106.20 at 0314 GMT, after climbing 2.3% on Friday. U.S. WTI crude futures declined by $1.04, or 1%, to $103.75, paring a 2% gain from Friday.

Chinese Oil Giant Brings Forward Its Key Carbon Deadlines
June 30, 2022
Source: Bloomberg

Chinese Oil Giant Brings Forward Its Key Carbon Deadlines

China National Offshore Oil Corp. said it will increase spending on clean energy so that its carbon emissions peak by 2028, while also bringing forward its net-zero deadline to 2050, according to the company’s climate action plan released Wednesday. The offshore oil and gas giant’s spending on renewable energy will account for 10%-15% of its total over 2026-2030, from a range of 5%-10% announced last year for the period through 2025. The emissions counted will only be the company’s own, and won’t include those generated by the customers of its fossil fuels.

PetroChina may sell Australian, Canadian assets to stem losses
June 29, 2022
Source: Reuters

PetroChina may sell Australian, Canadian assets to stem losses

PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina's plan follows a similar strategic shift by smaller state peer CNOOC Ltd (0883.HK), which was preparing to exit its operations in Britain, Canada and the United States because of concerns the assets could become subject to Western sanctions.

PetroChina may sell Australian, Canadian assets to stem losses
June 29, 2022
Source: Reuters

PetroChina may sell Australian, Canadian assets to stem losses

PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina's plan follows a similar strategic shift by smaller state peer CNOOC Ltd (0883.HK), which was preparing to exit its operations in Britain, Canada and the United States because of concerns the assets could become subject to Western sanctions.

Oil prices climb on hopes of China demand recovery
May 19, 2022
Source: EnergyWorld

Oil prices climb on hopes of China demand recovery

Brent crude futures were up $1.15, or 1.0 per cent, at $113.08 a barrel at 0042 GMT, while US West Texas Intermediate (WTI) crude futures climbed $1.62, or 1.4 per cent, to $114.02 a barrel, paring some losses after oil prices fell by around 2 per cent in the previous session.

Oil dives 6% as China lockdowns continue to fuel demand worries
May 10, 2022
Source: The Sundaily

Oil dives 6% as China lockdowns continue to fuel demand worries

NEW YORK: Oil prices sank about 6% yesterday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook.

Russian gas supplies to China soar by 60 pc in 2022
May 4, 2022
Source: Energy World

Russian gas supplies to China soar by 60 pc in 2022

The deliveries have been made through the Power of Siberia pipeline as part of the contract between Gazprom and China National Petroleum Corporation (CNPC), the company said, reported Russia Today.

OIL FUTURES: Crude slips as China lockdown continues to weigh on sentiment
April 29, 2022
Source: S&P Global

OIL FUTURES: Crude slips as China lockdown continues to weigh on sentiment

Crude oil futures inched lower in mid-morning Asian trade April 29 as China's lockdown continued to weigh on crude sentiment despite fears of supply disruptions from a potential embargo on Russian oil.

After China, India has most proposed coal-powered plants: Report
April 26, 2022
Source: Energy World

After China, India has most proposed coal-powered plants: Report

According to the report, pre-construction coal power capacity between 2015 to 2021 decreased nearly 90 per cent in India. From approximately 238.6 gigawatt (GW) in 2015,

China's Sinopec pauses Russia projects, Beijing wary of sanctions
March 28, 2022
Source: Energyworld

China's Sinopec pauses Russia projects, Beijing wary of sanctions

The move by Asia's biggest oil refiner to hit the brakes on a potentially half--billion-dollar investment in a gas chemical plant and a venture to market Russian gas in China highlights the risks of unexpectedly heavy Western-led sanctions.

China to boost renewable power, balance with oil and gas to 2025
March 23, 2022
Source: Energy World

China to boost renewable power, balance with oil and gas to 2025

China, the world's biggest greenhouse gases emitter, has said its carbon emission would peak by 2030, while it has said it would achieve carbon neutrality by 260.

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