China

  • News
    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China has cleared a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to increase output. However, Beijing may initially curb shipments to focus on growing its coastal marine fuel market, state refiner delegates say. Ships globally have switched to lower sulfur fuels or use emissions-eradicating devices, to adjust to new rules made by the…

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  • Crude Oil
    Amid Trade Worries On Prices Fell

    Amid Trade Worries On Prices Fell

    On Friday Oil prices fell, amid fears over demand as the U.S. China trade row casts its shadow over markets, though prices obtained some support from expectations of more OPEC production cuts. International benchmark Brent crude futures, were at $57.20 a barrel by 0324 GMT, down 18 cents, or 0.3%, from their earlier settlement. Global financial markets have been rocked over…

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  • News
    China Organized Three Nuclear Plant

    China Organized Three Nuclear Plant

    China accepted three nuclear power projects in three coastal cities after a 3-year hiatus mentioned by Natural Energy Administration. Chinese trade insiders mentioned the brand new technology with the world’s highest security degree, and effectivity can utilize to these initiatives. Hualong One expertise, an independently developed third technology of Chinese nuclear knowledge, is anticipated to take China’s nuclear technology above…

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  • Crude Oil
    China’s Private Oil Refiners Buying a Large Number of Crude

    China’s Private Oil Refiners Buying a Large Number of Crude

    All the Crude Oil imported to China Private Crude Oil refineries in Shandong Province on east China’s seaboard brought in 8.36% of in the Year 2016, as they capitalized on the federal government’s decision to offer them Inexperienced Gentle to introduce Black Gold. These refineries in Shandong imported 15.61-M tonnes of Crude between January and June, which cost RMB 27.77-B…

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  • News
    Scotland Is Now Generating Numerous Amount of Wind Energy; That Can Power Two Times More for Country

    Scotland Is Now Generating Numerous Amount of Wind Energy; That Can Power Two Times More for Country

    Watching countless renewable energy records broken and milestones passed has been a constant source of encouraging information for our planet. Now, we have yet another impressive stat to celebrate: in the first half of 2019, Scotland generated enough energy from wind energy to supply its homes twice over. Specifically, turbines generated 9.8 million megawatt-hours of electricity between January and June,…

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  • Crude Oil
    China Raises Safety Measures on Vessels Crossing Malacca Strait

    China Raises Safety Measures on Vessels Crossing Malacca Strait

    China raised the security level for its tankers heading through the Strait of Malacca, a crucial Asian trade path and main oil chokepoint. The transport ministry advised Chinese-flagged ships to take heightened safety measures and increased its security warning to level three, based on a copy of a July 2 notice posted on a website affiliated with the ministry. A…

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  • Crude Oil
    Wood Mackenzie Comments on Policy Improvements In China's Upstream Industry

    Wood Mackenzie Comments on Policy Improvements In China’s Upstream Industry

    Wood Mackenzie believes more administrative modifications that will specify how these guidelines will work in practice are on the way. Additional incentives and property to be released to draw new, non-NOC investment within the upstream sector are additionally to be expected. The two main objectives for the Chinese government are to extend home production and diversify sources of upstream funding,…

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  • Natural Gas
    MTO Start-Ups to Benefit China’s Methanol Demand

    MTO Start-Ups to Benefit China’s Methanol Demand

    China’s methanol demand will advance with the imminent start-up of a methanol-to-olefins (MTO) plant. However, weakness in downstream olefins markets may dent consumption within the close to term. At Ningxia Hui Autonomous Region in China.  Nanjing Chengzi Clean Energy’s MTO plant would require about 1.8m tonnes/year of feedstock methanol when in full operation. The MTO unit – which has designed capacities…

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  • News
    China's NOC's to Be Fourth Largest Upstream Investors In Africa Says GlobalData Analyst

    China’s NOC’s to Be Fourth Largest Upstream Investors In Africa Says GlobalData Analyst

    The latest examine reveals that the mixed upstream investment in Africa from the three Chinese NOCs – China National Petroleum Corporation (CNPC), China Petroleum & Chemical Company (Sinopec) and China National Offshore Oil Company (CNOOC) – will be over US$15 billion. While domestic asset developments remain the critical methods in the near to mid-term, the three China’s NOCs’ funding in…

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  • Crude Oil
    Oil Declines Ahead of USA'S Will to Discuss Trade with China

    Oil Declines Ahead of USA’S Will to Discuss Trade with China

    Oil slid as President Trump questioned America’s interest in acquiring a key Persian Gulf waterway, adding to the puzzle over the heated confrontation with Iran. Benchmark Brent crude futures up to1.5% whereas US crude stifled an early rally and lost nearly 1%. Trump, in a tweet, asked, “why are we protecting” the Strait of Hormuz, adding: “we don’t even have…

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