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Tag Archives: china

Oil down as factory data, sanctions risk weighed

gas prices

Oil prices edged slightly lower on Tuesday as soft factory data from China and the U.S. balanced the threat of sanctions against Russia following its annexation of the Crimean Peninsula. Benchmark oil for May delivery was down 6 cents to $99.54 at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 14 cents to close ...

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Weekly Crude Market Update

china

Oil Inventories The February 28 week end showed a gain in US crude oil stocks. According to data from the U.S. Energy Information Administration on Wednesday, imports also rose lightly causing refiners to cut rates. The week end showed U.S. crude oil stocks topping out at 2.88% over the EIA five-year-average. At Cushing, Oklahoma, the New York Mercantile Exchange (NYMEX) ...

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China’s top oil firm blacklisted for environmental breaches

china

BEIJING Feb 13 (Reuters) – The China National Petroleum Corporation (CNPC), the country’s biggest oil producer, has been put on a pollution blacklist for the second time in six months after breaching regulations at one of its refineries, the state environment watchdog said. As Beijing tries to placate public complaints about the condition of the country’s air, water and soil, ...

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China to set up $1.6 bln fund to help fight smog

Smog

BEIJING Feb 12 (Reuters) – The Chinese government said on Wednesday said it will set up a 10 billion yuan ($1.65 billion) fund to fight air pollution, offering rewards for companies that clean up their operations. Pollution is of increasing concern to China’s stability-obsessed leaders, anxious to douse potential unrest as a more affluent urban population turns against a growth-at-all-costs ...

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3M named to U.S.-Chinese clean energy research team

3M

3M Co. will participate in a clean-energy research partnership with China as part of a dual-nation approach to developing greener methods of heating and cooling buildings, company officials said Tuesday. 3M will work with other American and Chinese scientists and engineers as part of the U.S.-China Clean Energy Research Center’s 14-member Building Energy Efficiency Consortium. The 3M partnership, which is ...

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US oil rises, gains capped by China, US data

us china

Tue Feb 4, 2014 1:23pm EST By Jeanine Prezioso and Elizabeth Dilts NEW YORK, Feb 4 (Reuters) – U.S. crude oil rose by more than $1 per barrel on Tuesday, reversing the previous session’s losses, as traders expected data to show oil inventories were beginning to drain in earnest from the benchmark’s delivery point at Cushing, Oklahoma, after the start-up ...

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Iran, China to hold 15th economic committee meeting

Iran and China will hold their 15th joint economic committee meeting on February 22-23 in Tehran, IRNA reported on Sunday. The two sides will sign a comprehensive deal titled “the roadmap for infrastructural boosting of Iran-China economic relations”, which includes different sectors, such as industry, oil, gas and petrochemicals, telecommunications, banking, transportation, and energy. China is Iran’s biggest oil costumer, ...

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China says U.S. should stop new dumping probe on solar products

china

BEIJING (Reuters) – China’s commerce ministry called on the United States on Sunday to stop anti-dumping investigations into imports of solar power products from China, expressing “serious concern” and vowing to defend its producers. U.S. trade officials on Thursday opened investigations into imports of certain solar power products from China and Taiwan, a move that could have a major impact ...

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China pledges further support for solar industry

china

Jan 4 (Reuters) – China pledged further support support for its ailing solar power industry on Saturday as the government seeks to revive a sector struggling with overcapacity and falling prices. The State Council, China’s cabinet, said in July that the country aimed to more than quadruple solar power generating capacity to 35 gigawatts by 2015 in an apparent bid to ease a glut in the ...

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China ‘s dependency on natural gas imports rises

Chinese Flag

(MENAFN – Kuwait News Agency (KUNA)) China’s dependency on natural gas imports will continue to increase as the country is trying to reduce its fossil fuel consumption and improve air quality, the state-run China Daily reported Wednesday.“Up to 32 percent of China’s natural gas use this year will depend on imports,” Wang Xiaokun, an analyst at Sublime China Information Group ...

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