Vostok Oil is one of Russia’s biggest oil projects, comparable in size with the exploration of West Siberia in the 1970s or the U.S. Bakken oil province over the past decade. Rosneft has held talks with international […]
Is China piling into the crude oil market again? A snapshot of where the world’s supertankers are headed suggests it may well be. The number the vessels sailing toward the shores of world’s largest importer […]
The world’s installed offshore wind capacity rose by 15 per cent in 2020, despite the COVID-19 pandemic, and this year will see a 37 per cent growth in global installed offshore wind capacity, according to […]
American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight vessels set sail from the […]
BEIJING: China is expected to use 6-7% more electricity in 2021 than last year, the China Electricity Council (CEC) forecast on Tuesday, despite concerns over a new coronavirus outbreak disrupting industrial activity. China, the world’s […]
Beijing: China launched a carbon trading system Monday designed to drive down emissions, as the world’s biggest polluter takes steps towards decarbonising its economy by 2060. The scheme lets provincial governments set pollution caps for big-power businesses for the first […]
A unit of GCL-Poly Energy Holdings Ltd. defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd. announced the default in a Monday exchange filing. The […]
An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]
Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]
For Rachel Tian — and millions of other Chinese people — Lunar New Year festivities look set to be less of a family affair in 2021. The Beijing-based securities analyst would normally be preparing to […]
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