Category: Oil
China Calls for End to Gulf Conflict, Offers to Ease Southeast Asia Energy Crunch
By Liz Lee and Joe Cash China called for an end to conflict in the Gulf and said the safety of waterways should not be disturbed on Thursday, adding that it was ready to work with Southeast Asia to address ...
Cambodia Turns to Singapore, Malaysia for Fuel as Vietnam, China Restrict Supplies
Cambodia is importing more fuel from suppliers in Singapore and Malaysia to make up for supply shortfalls from Vietnam and China, its energy minister told Reuters on Wednesday, as the U.S.-Israeli war on Iran squeezes fuel ...
From Beijing to Brussels, Energy Crisis Triggers Global Shift Away from Oil Dependence
By Anna Hirtenstein and Kate Abnett The energy shock from the Iran war has policymakers around the globe rethinking ways to reduce long-term dependence on oil and gas imports, with proposals to expand nuclear energy and renewables, grow strategic stockpiles and ...
China’s Fuel Export Ban to Further Tighten Asia Supply
China's ban on exports of diesel, gasoline and jet fuel is poised to exacerbate fuel shortages and further boost prices for Asian industry and transportation buyers already grappling with tightening supplies caused by the U.S.-Israeli war against Iran. ...
Vietnam Braces for Flight Cuts From April After China, Thailand Ban Jet Fuel Exports
By Phuong Nguyen and Francesco Guarascio Vietnamese authorities have warned the country's aviation industry to prepare for potential flight reductions from April after China and Thailand halted exports of jet fuel due to the Iran war, increasing the likelihood ...
China Buffered from Oil Shock by Shipments at Sea
New data from the commodities-focused publication The Kobeissi Letter showed that China is relatively sheltered from an immediate shock triggered by the disruption of oil shipments through the Strait of Hormuz, as about 39.3 million barrels of mostly Iranian, Russian, and Venezuelan oil are currently floating in ...
China E-Mobility Weekly Digest: Middle East Strikes Put Africa’s EV Revolution on Knife’s Edge
This is a free preview of the upcoming Africa EVs Weekly Digest, part of the new CGSP Intelligence service. The U.S.-Israel attacks on Iran are reverberating far beyond the Middle East, raising difficult questions for African economies that ...
Oil Shock Tests China’s Gulf Dependence, but Beijing’s Diversified Energy Strategy May Blunt the Impact
There appears to be mounting concern but not outright panic over the surge of oil prices on Monday, brought on by the war between the U.S./Israel, and Iran. Oil prices opened the week above $100 a barrel for the first time in four years in response to ...
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.
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. ...
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