China

China’s transition to greener fuels and a sluggish economy have led to slower oil demand growth, according to experts at the APPEC conference.  

NNPC expands LNG exports to Japan and China, boosting its presence in global energy markets.

The Iraqi government awarded exploration and development rights for five additional oil and gas fields to Chinese companies on Sunday, May 12, 2024. This brings the total number of licenses secured by Chinese firms to ten since the bidding process began the previous day. A solitary Iraqi Kurdish company, KAR Group, also secured bids for two separate fields.

China is bolstering its energy security by stockpiling Russian ESPO blend crude oil, a move that also aids Russia in finding a market for its oil exports amidst challenges created by Western sanctions. CNOOC, a state-owned company and major importer of Russian oil, has been accumulating these reserves at a new storage facility in eastern China.

The European Union (EU) is investigating two Chinese companies over potential unfair advantages gained through subsidies in their bids for a solar power plant project in Romania. This move highlights the EU’s growing scrutiny of foreign subsidies and their impact on fair competition within the European market.

The US Congress has passed a funding bill that prevents China from purchasing crude oil from the country’s Strategic Petroleum Reserve (SPR), in a move that reflects the growing bipartisan…

The Middle East is witnessing a surge of violence and instability, as a missile strike on a fuel tanker in the Red Sea and an attack on U.S. troops in…

China is set to cement its status as the world’s leader in renewable energy, adding more solar and wind capacity in the next five years than the rest of the…

Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic…

China has been investing heavily in renewable energy projects across Africa, securing its access to critical minerals and challenging the influence of Western powers. A recent report by the China…