Energy-hungry China has signed a major 20-year deal with Russia. From Bloomberg: Russia agreed to supply China with oil for 20 years in return for a $25 billion credit, as the world’s largest energy producer seeks to expand its...
The Chinese government tries to abate the continuing fuel shortages by ordering its two major oil firms to increase their oil storage. From Reuters: China will from May 1 require wholesalers of refined oil products to maintain...
From Asia Pulse, via Asia Times: Turning China’s abundant coal reserves into oil to help close a widening supply gap might once have seemed a little more than a dream, but synthetic fuels may soon be a key part of the country’s energy mix. Optimists say China could be making up to 1.2 million barrels […]
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