Category: Oil

The Complexity of China’s Iran Math

The news that Qatar has temporarily halted its output of liquid natural gas has sharpened the focus on how the Iran war will affect Chinese energy security. What has received less attention is how the war will affect Chinese companies’ commercial entanglements in Iran. ...

Analysis from Cobus van Staden

Why Green Energy Will Be the Big Winner of the Iran Crisis

By Cobus van Staden, CGSP Head of Research
Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking. 

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China in Talks With Iran to Allow Safe Oil and Gas Passage Through Hormuz, Sources Say

By Jonathan Saul and Marwa Rashad China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz as the U.S.-Israeli war on Tehran intensifies, three diplomatic sources told Reuters.

Hydrocarbon Pressure Builds as China Faces Energy Disruption

China is putting pressure on Iranian officials to ensure that oil and gas shipments keep moving through the Strait of Hormuz, according to a report by Bloomberg. The narrow waterway transports the vast bulk of Middle Eastern fossil fuels to ...

Asian Oil Buyers Assess Stockpiles, Middle East Alternatives as Iran Conflict Escalates

By Heejin Kim and Nidhi Verma Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial 

U.S. and China Hold the Keys to Containing a Mideast Oil Shock

By Ron Bousso A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it. For now, uncertainty dominates ...

Dangote Signs $400 Million Equipment Deal With China’s XCMG to Speed up Refinery Expansion

By Isaac Anyaogu Nigeria's Dangote Group has signed a $400 million equipment deal with China's Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per day, the company said on Tuesday.

Trump, Netanyahu Agreed U.S. Should Press Iran to Cut Oil Sales to China, Axios Reports

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the U.S. would work to reduce Iran's oil exports to China, Axios reported, citing two U.S. officials briefed on the issue. "We agreed that we will ...

Saudi March Crude Oil Supply to China to Rise to Multi-Year High, Sources Say

Saudi Arabia's crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company ...

U.S. Pushes for Venezuela Investment, Energy Secretary Warns About Legitimacy of Chinese Deals

By Marianna Parraga, Sarah Kinosian and Timothy Gardner U.S. Secretary of Energy Chris Wright pushed on Wednesday for expanded U.S. investments in Venezuela as part of the highest-level U.S. visit focused on energy policy in nearly three decades, while warning about the legitimacy ...

China E-Mobility Weekly Digest: Africa’s EV Future at Risk as Oil, Policy and Power Clash 

This is a free preview of the Africa EVs Weekly Digest, part of the new CGSP Intelligence service. This week brings new insights into why an electric vehicle revolution is a non-starter in many African countries. Key factors include ...

Russian Oil Tankers List Singapore as Destination Amid Sanctions and Shift to China, LSEG Data Shows

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows. LSEG data shows tankers carrying about 1.4 million metric ...

Nigeria’s NNPC in Talks With Chinese Company on Refinery, CEO Says

By Camillus Eboh NNPC chief executive Bayo Ojulari said the company was seeking experienced operators as equity partners to revive its four refineries after years of losses and underperformance. He said an internal review carried ...

China’s Nanshan Group Plans 100,000-Bpd Refinery in Indonesia

By Chen Aizhu and Fransiska Nangoy China's Shandong Nanshan Group plans to build an oil refinery on Indonesia's Bintan island, where the privately controlled firm operates a large alumina plant, according to three Chinese sources and an Indonesian official.
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