oil

China Set to Become Largest Net Oil Importer

The U.S. Energy Information Administration predicts that China is likely to become the world’s largest net oil importer as soon as October: The imminent emergence of China as the world’s largest net oil importer has...

Kunming PX Environmental Assessment Under Fire

Environmental groups have attacked the impact assessment report for a planned PX plant near Kunming, published late last month following major protests against the project. The report deemed risks from the plant...

Why Not Let China Pump Iraq’s Oil?

The Diplomat’s Zachary Keck challenges U.S. critics who have expressed outrage at the news that China – not America  – has become post-war Iraq’s biggest oil customer: Overwhelming public discourse...

China Reaping Biggest Benefits of Iraq Oil Boom

The New York Times’ Tim Arango and Clifford Krauss report that, ten years after the U.S.-led invasion, China is buying up almost half of Iraq’s oil output, taking 1.5 million of a total 3.5 million barrels per day....

‘Gutter Oil’ Expected to Fuel Shanghai Buses

One of China’s ongoing food safety scandals involves the illegal recycling, repackaging, and reuse of cooking oil — which after crude processing is known as “gutter oil” (地沟油). In the midst of an ongoing food...

Arctic Council Approves China as Observer [Updated]

Wednesday is expected [see update below] to see a decision by the eight member states of the Arctic Council on China’s third bid for observer status. Japan, South Korea, India, the E.U., Greenpeace and others have also...

China’s Arctic Ambitions

China’s appetite for raw materials has become a source of concern from Afghanistan and Mongolia to Peru and Zambia. Now, these tensions appear to have spread to Greenland, where the prospect of Chinese encroachment...

China Takes Over Strategic Port in Pakistan

Chinese Overseas Port Holdings Limited took over management of the Pakistani port of Gwadar on Monday, amid suspicion of China’s growing presence in the Indian Ocean. From Reuters: China financed more than 80 percent of...

The Shandong Gutter Oilman

Caixin’s Xie Haitao profiles Shandong gutter oil tycoon Liu Liguo, who stood trial last month. It’s oil with an extra something, but there’s nothing virgin-like about it. Pumped from sewers outside of...

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