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China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s.
June 23, 2017   Reuters  |  Asia China India Japan  |  oil demand
As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.
For the third month in a row, Russia has maintained its spot as China's top crude oil supplier and Angola clung onto the second spot over Saudi Arabia, data from Chinese customs for May imports showed on Friday.
June 22, 2017   Reuters  |  China  |  coal electric power regulation
China's state planner will reduce surcharges paid by coal-fired power producers, paving the way for provincial authorities to raise prices charged to the grid operator, according to a document sent to regional officials and power producers and seen by Reuters.
June 21, 2017   Reuters  |  China  |  oil demand
Some of China's top oil refineries are having to take the highly unusual step of cutting operations during what is typically the peak demand summer season when hot weather drives up power usage and families take to the road during school holidays.
June 19, 2017   Reuters  |  China  |  oil demand
China last week issued a second batch of crude oil import quotas under the so-called "non-state trade" that is higher than for all of the allowances in 2016, but allotments to independent refineries were lower than a year earlier.
June 16, 2017   Reuters  |  China  |  coal electric power
China's thermal coal futures rallied to a record high on Friday, lifting September futures to a premium over October, as a prolonged hot spell spurred power demand and low water levels dented hopes of higher hydro output, said three industry sources.
June 16, 2017   Reuters  |  China  |  coal regulation
China will allow some coal mines to increase capacity, the National Development and Reform Commission (NDRC) said on Friday, as Beijing ramps up efforts to boost supply for summer.
June 14, 2017   Reuters  |  China  |  coal electric power
China's coal production rose 12 percent in May from a year ago, its fastest pace of growth in years, as miners ramped up output ahead of an expected summer pick-up in demand, official data showed on Wednesday.
June 14, 2017   Reuters  |  China  |  oil supply oil demand
China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wednesday.
June 8, 2017   Reuters  |  China  |  coal regulation
China, the world's largest coal buyer, imported 22.19 million tonnes of coal in May, down 10.5 percent from a month earlier, preliminary customs data showed on Thursday, as sluggish domestic prices and tightening import policies hurt demand.
June 8, 2017   Reuters  |  China  |  oil demand
China's crude oil imports rebounded to the second highest on record in May, making China the world's top buyer for the month amid concerns over tightening crude supply to Asia and an extension of producer cuts to March next year.
Talks over new routes for gas supplies to China from Russia have stalled while Beijing rethinks the balance of its energy needs, including how much liquefied natural gas (LNG) it might use, two Russian sources familiar with the matter told Reuters.
Kazakhstan is to debut gas exports to China under a memorandum of understanding signed Wednesday between KazMunaiGaz and CNPC, with up to 5 Bcm/year set to be moved to China from Kazakhstan in 2017-2018, national gas transportation operator KazTransGaz said in a statement.
June 2, 2017   Reuters  |  China United States World  |  regulation
The U.S. decision to withdraw from the Paris climate accord has bolstered China's stature and diplomatic power, and could help Beijing achieve longer-term ambitions to upgrade its economy and dominate lucrative new industries.
June 1, 2017   Reuters  |  China Europe United States World  |  regulation
China and the European Union will seek on Friday to save a global pact against climate change from which U.S. President Donald Trump said he will withdraw.
June 1, 2017   Reuters  |  China India West Africa  |  oil demand oil exports
China's West African crude oil loadings are on track to slide to a nine-month low in June as buying in the key outlet wanes after months of voracious importing, a Reuters survey of shipping fixtures and oil traders showed on Thursday.
May 28, 2017   Times of India  |  China  |  coal
Authorities in Shanxi, one of China's biggest coal-producing regions, have vowed to suspend or slow the construction of 120 million tonnes of coal production capacity from 2016 to 2020, the official Xinhua agency reported on Sunday.
May 26, 2017   Platts  |  China  |  oil demand
China's state-owned and independent refiners plan to boost their combined refining capacity by 14% by the end of 2020, but given the oversupply of products in the country, expansion plans are likely to move at snail's pace, delaying some of the projects.
May 26, 2017   Reuters  |  China OPEC  |  oil demand oil exports oil supply
As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners - awash with crude and facing disappointing local demand - are poised to slow purchases of oil for at least the next two months.
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