China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, a report says. China will be the ...
Tags: Oil Importer, Oil, Metallurgy, Mineral, Energy
China's crude oil imports in October fell 13.8% year on year to 20.41 million mt or an average 4.83 million b/d, according to preliminary data released by the General Administration of Customs Friday. This is the first time this year that ...
Tags: crude oil imports, Mineral
At least three Chinese companies are in the final stages of negotiations with three LPG producers in Iran for term supply deals for 2014, industry sources said Thursday. The deals would mark the first time buyers in China had secured LPG ...
Tags: LPG Industry, Energy
Taiwan's total crude imports in August plunged 22.8% year on year to an average 704,000 b/d due to lower refinery runs, according to data released Monday by Taiwan's Bureau of Energy at the Ministry of Economic Affairs. This was the ...
Tags: taiwan, Construction, Decoration, Crude
General Motors will build a Chevrolet Impala sedan for retail and fleet customers that operates on either gasoline or compressed natural gas (CNG), GM Chairman and CEO Dan Akerson announced today. It is the only manufacturer-produced ...
Tags: Akerson, Bi-Fuel Chevrolet
China has set the 2014 crude oil import quota for non state-owned companies at 29.1 million mt (about 582,000 b/d), unchanged from this year, the Ministry of Commerce said Friday. Companies wishing to apply for crude import licenses ...
Tags: Non State-Owned Crude
World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...
Tags: Oil Demand, Oil Use
Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...
Tags: oil refiner, Sinopec
A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
China is expected to surpass the US as the world's largest oil importer by 2017, and the opposing trend of growing crude oil imports by China and falling imports by the US will affect inter-regional trade flows and the cost to both ...
Tags: oil, Metallurgy, Mineral, Energy
US commercial crude stocks fell 9.87 million barrels to 373.92 million barrels for the reporting week ended July 5, Energy Information Administration data showed Wednesday. The latest decline marks the sharpest two-week draw in US crude ...
Tags: Crude Stocks, Crude imports
The Myanmar-China natural gas pipeline has been completed and is ready for trial operations, and a parallel oil pipeline is 94% complete, state-owned China National Petroleum Corp. said Friday on its website. The 12 Bcm/year gas pipeline ...
Tags: Metallurgy, Mineral, Energy, natural gas
US commercial crude stocks likely fell around 1.5 million barrels for the reporting week ended May 24, according to a Platts analysis and a survey of oil analysts Tuesday. The American Petroleum Institute will release its weekly report at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
US commercial crude stocks surged 6.696 million barrels over the week ended April 26 to hit a record high level of 395.284 million barrels, data from the Energy Information Administration showed Wednesday. The climb, due largely to a ...
Tags: commercial crude stocks, Energy Information Administration