Home / Tag Archives: china

Tag Archives: china

Why selling crude oil to China is good for America

exports, Bakken, china

Continental Resources, Inc. recently announced its first-ever sale of Bakken oil specifically for delivery overseas. Continental Resources has sold 1,005,000 barrels of crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. “This is a historic day for Continental and begins a new chapter in our long-term strategy to establish multiple ...

Read More »

Vietnam demands that China move oil rig

Vietnam demands that China move oil rig

HANOI, Vietnam (AP) — Vietnam demanded Friday that China remove an oil exploration rig from an area of the South China Sea where their border is still being demarcated, and said Beijing’s unilateral actions were complicating regional tensions. The oil rig was at the center of a standoff between the countries in 2014 when China parked it near the Paracel ...

Read More »

US trade deficit rises in February to 6-month high

US trade deficit rises in February to 6-month high

WASHINGTON (AP) — The U.S. trade deficit rose in February to the highest level in six months as the growth in imports outpaced a modest rise in exports. The trade gap widened to $47.1 billion, up 2.6 percent from a January imbalance of $45.9 billion, the Commerce Department reported Tuesday. Boosted by stronger sales of U.S.-made autos, exports increased 1 ...

Read More »

Anger in China’s coal country as miners feel left behind

Anger in China's coal country as miners feel left behind

JUNDESHAN, China (AP) — Hanging from a highway overpass two hours’ drive from the Siberian border, a local government banner reads like a last-gasp exhortation to this exhausted coal community: “Improve our structure, change our methods, transform our city.” This area has transformed in dire ways as China has retreated from coal and heavy industry. Li Jiuxian, who hasn’t been ...

Read More »

US: UN should provide detailed reports on Iran nuke program

US: UN should provide detailed reports on Iran nuke program

VIENNA (AP) — The United States on Wednesday urged the U.N. atomic agency to continue providing details on Iran’s compliance with a deal crimping its nuclear work amid Western concerns that the agency’s newest report is too light on specifics. Until now, such concerns have mostly been voiced privately. U.S. State Department spokesman John Kirby said Tuesday he is “confident ...

Read More »

China tries to reassure on economy, cuts growth target

China tries to reassure on economy, cuts growth target

BEIJING (AP) — China’s leadership tried to quell anxiety about its slowing economy following financial turmoil and rising labor unrest as it cut its growth target Saturday and promised to open the oil and telecom industries to private competitors in sweeping industrial reforms. Premier Li Keqiang announced a growth target of 6.5 to 7 percent in a report to the ...

Read More »

Oil, gas companies lead early decline in stocks

NEW YORK — Stocks were moderately lower Monday morning as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.3 percent, to 16,411 as of 11:25 a.m. Eastern. The Standard & Poor’s 500 index lost seven points, or 0.4 percent, to 1,931 ...

Read More »