The Philippine coastguard called on its country’s fishing fleets to keep operating around the Scarborough Shoal (known as Bajo de Masinloc in the Philippines and Huangyan Dao in China) despite the large Chinese presence in the disputed South China Sea area.
Coastguard spokesperson Jay Tarriela said while Philippine government vessels can’t maintain a constant presence, they are committed to protecting the country’s fishing rights in what it sees as its Exclusive Economic Zone.
Category: Oil
Climate Graph of the Day: After a Rapid Increase, China’s Oil Demand May Have Peaked
After decades of ever-growing oil use, China's oil demand may have peaked this year, according to Chinese oil executives cited by FT. This has significant implications for countries from Angola to Russia to Brazil, which depend on selling oil to China.
Climate Chart of the Day: China and the U.S. Spend the Most on Fuel Subsidies
Fossil fuel subsidies in 2022 amounted to $7 trillion globally, about 7.1% of global gross domestic product. It shot up by 18.3% year on year, partly in response to the Ukraine war, according to research by the IMF. The subsidies worsen ...
Saudi Arabia to Boost Oil Sales to China Next Year
Saudi Arabia is preparing to increase oil shipments to China in 2024 to meet growing demand from a crop of new refineries that will come online next year, according to S&P Global Commodity Insights. While Russian sales are expected to remain strong ...
China Importing Record Volumes of Sanctioned Iranian Oil
China is importing a record amount of Iranian crude, easily circumventing U.S. sanctions expressly designed to restrict such trade, according to new findings by the data intelligence firm Kpler. Iranian oil sales to China have jumped this year from an average ...
Massive Russian Energy Buys Are Transforming China’s Global Trade
Russia is now China's largest single supplier of energy commodities in a shift that is also transforming Beijing's trade engagement in countries throughout the Global South. Whereas fifteen years ago, China sourced a third of its imported crude oil from African ...
Analysis from Cobus van Staden
Philippine Fishing Fleets Urged to Maintain Presence at Disputed Shoal as Tensions Build
Inside Details of China’s Oil Buys from Iran
Iran’s oil output has jumped by 80% to about 1 million barrels per day since President Ebrahim Raisi took power in 2021. China is one of the Islamic Republic’s largest oil buyers, despite formidable sanctions from the U.S. and other countries. ...
Chinese Citizens in Niger Shelter in Place, Future of Key Energy Projects Now in Question
The Chinese embassy in Niger called on its nationals in the country to shelter in place until the security situation stabilizes following last week's military coup. So far, there have been no reports of Chinese casualties or any adverse impact on Chinese ...
Connecting the Dots: How China is Reshaping the Middle East Energy Economy and How the ME is Responding
The CEO of the massive state oil company Saudi Aramco told an industry gathering this week that large oil buys from China and India are keeping oil fundamentals “sound” for the remainder of 2023, despite price pressures among traditional clients. This comes ...
Graph of the Day: Where Does China’s Coal Come From?
Finland's Center for Research on Energy and Clean Air recently published a fascinating report on recent fluctuations in China's coal imports. Imports have spiked due to politics-inflected resumptions of imports from Indonesia and Australia, as well as because of moves to ...
New Chinese-Backed Refinery Could Help Angola Shift From Importing Petroleum Products to Becoming an Exporter
Flush with petroleum, Angola is one of the world’s largest oil producers yet still starved for energy. The problem is that the country lacks sufficient refining capacity, forcing it, like other African oil-exporting countries, to import most of its petroleum products. ...