#oilprice.com. × Russia’s Far East Crude Price Slumps as China’s State Refiners Cut Imports | OilPrice.com. Russia's ESPO crude blend has fallen to its lowest price since June 2024, flipping to a discount against international benchmarks, due to weakened demand from Chinese state-owned firms wary of U.S. san
#Mar.28.2025
#oilprice.com. × EU Raw Materials Plan Faces Long Odds Against Global Power Moves | OilPrice.com. While global powers like China and the USA are aggressively pursuing critical minerals, the EU Commission in Brussels is taking a different approach.
#Mar.27.2025
#oilprice.com. × CNOOC Profit Jumps by 11% on Record Oil and Gas Production | OilPrice.com. CNOOC reported an 11.4% increase in net profit for 2024, driven by record oil and gas production, which compensated for lower average oil prices.
#Mar.27.2025
#oilprice.com. × China Climate Envoy Calls Transition “Irreversible” | OilPrice.com. China asserts that the global energy transition is irreversible and will proceed despite the United States' withdrawal from the Paris Agreement, citing continued commitment from other nations, market f
#Mar.27.2025
#oilprice.com. × Coal Prices in China Could Fall Even Further | OilPrice.com. China's coal market faces a significant oversupply, leading to predictions of further price declines despite record-high thermal power generation.
#Mar.27.2025
#oilprice.com. × China’s ENN Energy Valued at $11.6 Billion in Privatization Offer | OilPrice.com. ENN Natural Gas, an affiliate of the ENN Group, has made a $11.6 billion privatization offer to acquire the remaining stake in ENN Energy Holdings Limited.
#Mar.26.2025
#oilprice.com. × China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil | OilPrice.com. China's trade with Venezuela, its largest oil supplier, has stalled after U.S. President Trump threatened 25% tariffs on goods from any country importing Venezuelan oil.
#Mar.25.2025
#oilprice.com. × Sinopec Books Lower Profit for 2024 on Oil Price Slide | OilPrice.com. Sinopec reported a 16.8% decline in net profit for 2024, attributed to lower oil prices and the increasing impact of electric vehicles on fuel demand.
#Mar.24.2025
#oilprice.com. × United States Challenges China’s Mineral Dominance | OilPrice.com. The United States is actively disrupting China’s dominance in critical minerals through strategic deals, blocked acquisitions, and domestic production initiatives in the Democratic Republic of Congo an
#Mar.21.2025
#oilprice.com. × Trump May Extend Chevron’s Venezuela License | OilPrice.com. President Trump is considering extending Chevron's sanction waiver for Venezuela, which he previously allowed to lapse, amidst concerns about China's growing influence in the country's oil industry and
#Mar.20.2025
#oilprice.com. × China Finds Workarounds to Continue Imports of Russian Oil | OilPrice.com. Privately-managed Chinese ports are accepting sanctioned tankers carrying Russian oil, and non-sanctioned vessels are discharging crude transferred from sanctioned ships, demonstrating how China's inde
#Mar.19.2025
#oilprice.com. × Trump Pledges a U.S. Coal Renaissance | OilPrice.com. President Trump has authorized his Administration to boost U.S. coal power generation to counter China's economic advantage, citing a national energy emergency and aiming to revive closed coal plants.
#Mar.18.2025
#oilprice.com. × China Stops Buying U.S. LNG | OilPrice.com. China has halted all U.S. liquefied natural gas imports for 40 days due to tariff disputes, shifting its focus to long-term deals with Middle Eastern and Asia-Pacific suppliers.
#Mar.18.2025
#oilprice.com. × Coal Power Generation in China Dips by 5.8% in January-February | OilPrice.com. China's thermal power generation, primarily from coal, decreased by 5.8% in January and February 2024 compared to the previous year, while hydropower generation increased by 4.5%.
#Mar.17.2025
#oilprice.com. × Chinese Refineries Post a 2.1% Increase in Output Over January and February | OilPrice.com. Chinese refinery output increased by 2.1% in the first two months of the year, driven by state-owned refineries and holiday travel demand, while private "teapot" refiners reduced their run rates due to
#Mar.17.2025
#oilprice.com. × Chinese State Refiners Cut Russian Oil Imports Amid Sanctions Uncertainty | OilPrice.com. Chinese state-controlled refiners have reduced purchases of Russian oil loadings for March due to concerns over U.S. sanctions and uncertainty about a potential Russia-Ukraine ceasefire, while independ
#Mar.14.2025
#oilprice.com. × Russia Switches to Crypto in Oil Trade | OilPrice.com. Russia is increasingly using cryptocurrencies in its oil trade with China and India to circumvent U.S. sanctions, facilitating the conversion of yuans and rupees into rubles.
#Mar.14.2025
#oilprice.com. × U.S. Tightens the Screws on Iran’s Oil Trade | OilPrice.com. The Trump administration just turned up the heat on Iran’s oil operations, slapping fresh sanctions on Iran’s oil minister Mohsen Paknejad and a handful of shadowy tankers sneaking crude to China.
#Mar.13.2025
#oilprice.com. × Saudi Crude Supply to China Set for One Year Low in April | OilPrice.com. Saudi Arabia is set to significantly reduce crude oil shipments to China in April due to planned refinery maintenance, despite OPEC+ production increases and Saudi price cuts.
#Mar.13.2025
#oilprice.com. × Trump Eyes Metal Refineries on Military Bases | OilPrice.com. Trump plans to establish metal refining facilities on U.S. military bases to boost domestic mineral production and reduce reliance on China.
#Mar.11.2025
#oilprice.com. × Oil Prices Start the Week Lower on Tariff Fallout | OilPrice.com. Crude oil prices began the week with losses due to trade tensions from tariffs, Saudi Arabia's price cuts, and weak Chinese economic data, indicating concerns about demand and supply.
#Mar.10.2025
#oilprice.com. × China’s Oil Imports Down 5% in January and February | OilPrice.com. China's crude oil and natural gas imports fell in the first two months of 2024, influenced by U.S. sanctions on Russian energy and weaker domestic demand.
#Mar.07.2025
#oilprice.com. × Oil Prices Remain Under Pressure From Trade Tensions and Supply Overhang | OilPrice.com. Crude oil prices remained depressed due to ongoing trade tensions from tariffs and concerns about OPEC+'s planned production cuts, despite a slight recovery from earlier lows.
#Mar.06.2025
#oilprice.com. × Battery Pack Prices Drop Below Key Threshold but China Rules the Market | OilPrice.com. The global average price of EV battery packs has dropped below $100 per kilowatt-hour, a key milestone for EV price competitiveness, with China leading in both market share and lower prices.
#Mar.05.2025
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