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International

Chen Aizhu

China's Shandong enlists state-run coal miner to help fund mega refinery complex

Dec 08 2021

SINGAPORE, Dec 8 China's Shandong province, the country's main independent oil refining hub, has turned to a deep-pocketed state-run coal miner to help fund a petrochemical complex it sees as key to the region's industrial future, sources and local state media said.

China pares spot LNG purchases as high prices bite, inventories ample

Dec 02 2021

* Nov LNG shipments to China slip, reversing usual Nov uptrend

After bold bet on U.S. LNG, Sinochem seeks imports tie-up with PipeChina-sources

Nov 23 2021

SINGAPORE China's Sinochem Group is in advanced talks with state-owned PipeChina for using the energy infrastructure firm's liquefied natural gas (LNG) terminals after it struck a U.S. deal to buy the superchilled fuel, people with knowledge of the matter said.

Asia looks at SPR shock treatment for high oil prices after U.S. request

Nov 18 2021

TOKYO, Nov 18 Some of the world's biggest crude oil buyers said on Thursday they are looking at tapping strategic oil reserves after several sources told Reuters the United States had requested a coordinated move to cool global energy prices.

Traders left on the hook for expensive coal after China squashes prices

Nov 12 2021

BEIJING/SINGAPORE Chinese coal traders are selling cargoes at losses or trying to delay imports after Beijing's market interventions triggered a 50% price drop that saddled them with unprofitable supplies, according to several market participants.

China's Iran oil purchases rebound on lower prices, fresh quotas

Nov 10 2021

SINGAPORE/LONDON (Reuters) -China's imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that getting crude at cheap prices outweighs any risks from busting U.S. sanctions.

China's ZPC studies crude to petrochemical technology to cut carbon

Nov 10 2021

SINGAPORE Privately-controlled Zhejiang Petrochemical Corp (ZPC), China's single-largest refiner and petrochemical producer, is exploring new technologies such as direct processing of crude into olefins to cut carbon emissions, a company executive said on Wednesday.

China's Iran oil purchases rebound on lower prices, fresh quotas

Nov 10 2021

SINGAPORE/LONDON, Nov 10 China's imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that getting crude at cheap prices outweighs any risks from busting U.S. sanctions.

RPT-China independent refiners' hub closes small plants in industry upgrade

Nov 02 2021

* Closures at 10 plants total 560,000 bpd of capacity by end-2022

China independent refiners' hub closes small plants in industry upgrade

Nov 02 2021

* Closures at 10 plants total 560,000 bpd of capacity by end-2022

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