News

A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks
China has been diversifying its sources for oil imports well before the current Middle East tensions.
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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply
China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project ...
China’s Oil Refiners Hold Off Buying as Weak Demand Hits Profits
China’s oil refiners are keeping to the sidelines of global crude markets, as geopolitical developments roil prices and ...
China Voices Concern About Impact of Conflict on Shipping
China’s Foreign Ministry called for greater efforts to maintain stability in the critical shipping lanes of the Persian Gulf, ...
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Russia to Boost Exports of China’s Favorite Russian Crude in July
According to Reuters calculations, daily exports of ESPO from Russia’s Far East, predominantly to Chin,a are set to rise by 7 ...
It is in China's interest to see de-escalation given its high dependency on gulf oil: CSIS
Clayton Seigle from CSIS says oil traders want to see the volume and duration disruption of oil supply before pricing in more ...
Oil flip-flops and shares are mixed after the US strikes Iranian nuclear sites
Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see ...
The Strait of Hormuz is a vital route for oil. Closing it could backfire on Iran
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well ...