Norway Woos China in Race for Arctic Oil Riches
Bloomberg’s Omar R. Valdimarsson and Mikael Holter report on Norwegian efforts to cultivate...
crude oil
China Skirts U.S. Sanctions On Iranian Oil
The Wall Street Journal reports that U.S. sanctions on Iranian oil haven’t stopped China...
China and Russia Circling Around Trillion-Dollar Gas Deal
Hu Jintao’s visit to Moscow this week saw a push to conclude a gas deal between the world’s largest energy producer and its largest consumer. The 30 year deal, potentially worth a trillion dollars, would see up to 70...
China’s Crude Oil Demand to Rise 14% by 2015, PetroChina Says
At a conference in Singapore, PetroChina analysts said China’s crude oil demand will increase in the future by 14%. From Bloomberg News: China’s crude oil consumption will rise 14 percent by 2015 compared with last year as...
China Plans oil Refinery in Tianjin with Russia
China and Russia may join forces to build an oil refinery in Tianjin, the port city just east of Beijing. The refinery, which will be able to process 10 million tons of crude annually, will cost an estimated $4 billion. From...
Angola Overtakes Saudi Arabia as Biggest Oil Supplier to China
From Bloomberg: Angola was the top supplier of crude oil to China in the first quarter, ahead of Saudi Arabia, Iran, Oman and Russia as the world’s second-biggest energy user boosted purchases to ease a domestic shortage....
China’s Oil Reserve Build-up Adds to Global Demand
China, the world’s second largest oil consumer, will build up its oil reserve faster and much larger. From MarketWatch.com : China’s plans to build its strategic petroleum reserves to at least 100 million barrels by...
Crisis on the China Rim: An Economic, Crude Oil, and Military Analysis
A new report entitled “Crisis on the China Rim: An Economic, Crude Oil, and Military Analysis” by Laguna Research is available for free download from Research Connect: There is a crisis rising on the China Rim, a crisis made of economic imbalances, energy insecurities, ancient hatreds, and unsettled scores. The catalyst for this crisis is […]
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