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Chinese Oil Demand Feeling Pinch of the Economic Slowdown
August 14, 2011
IEA: China oil demand growth revised down | www.marketwatch.com
Oil demand in China is also feeling pinch of the slowing down economic growth for the recent months. Growth of total oil consumption has dropped down to just around 5 percent in June and July, and could further drop below 5 percent, if the Chinese economic growth slows down to less than 8 percent toward the end of 2011.
China oil demand growth moderating to below 6 percent for August
August 14, 2011
Platts: China's Oil Demand Decelerates in June | www.marketwatch.com
Weakening economic performance around the world and in China is placing increasingly noticeable impacts on oil demand growth. Total oil demand in China is expected to arrive at 10.28 million barrels per day, a similar level to that in the previous month, increasing by 5.9 percent compared with the same period of last year.
Sinopec Eyeing Side-market Opportunities in the Changing Fuel Oil Sector
August 4, 2011
Sinopec has made advancement in bonded marine bunker fuel business through its Zhoushan Oil Branch along the East Coastal provinces, after it consolidated its fuel oil marketing operations since 2010. Its movement is expected to place enormous influences on the fuel oil sector, and particularly local small oil players.
Chinese natural gas demand growth staying over 20% with more import in August
August 4, 2011
While the Chinese gas market is still in the relatively light summer demand season, natural gas consumption is driven up by the availability of new gas supply sources, particularly pipeline gas import from Central Asia. Natural gas consumption is expected to climb up to a new high over 12.3 billion cubic feet per day in August, more than 3 percent higher than that in July and increasing by over 21 percent, compared with the same period of last year.
Guangdong Entering a New Stage of Large Scale Natural Gas Utilization
August 4, 2011
Comments | www.chinadaily.com.cn
The 2nd West-to-East Gas Trunk Line has reached Guangdong, bringing large volumes of imported Turkmenistan gas into the province. Guangdong is constructing a comprehensive natural gas pipeline network throughout the province. Guangdong will likely become the largest natural gas consumption market within the next 5 to 10 years, when total natural gas supply to the province will go over 5 billion cubic feet per day.
Tianjin Joining a Trend Using Natural Gas for Heat and Power
July 19, 2011
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With increasing natural gas supply particularly after the operation of the 2nd West-to-East Gas Trunk Line bringing in large amounts of Turkmenistan natural gas import, Tianjin’s adoption of natural gas for heat and power generation could mean an explicit signpost of a trend accelerating natural gas utilization in urban heat and power generation in China, particularly in the northern part of the country.
China Cutting Oil Product Import Tariffs, Effects on the Economy and the Market
July 13, 2011
China: Import tariff reduction for 10 commodities from Hong Kong and 1 commodity from Macao | www.globaltradealert.org
The Ministry of Finance in China has recently reduced import tariffs of gasoline, jet fuel, diesel and fuel oil. While it has got its significance as a link of an integrated economic policy, immediate large volumes of product import is not expected.
Oil demand showing signs of slowing down into the 2nd half of 2011
July 12, 2011
油品,化工,塑料,橡胶,氯碱,煤化工,化纤,化肥,行情价格,企业动态_隆众资讯网 | www.oilchem.net
Oil demand in China is falling seasonally lower into July, coming down to 10.4 million barrels per day and increasing by 6.3 percent, compared with the same period of last year -- a rate a little higher than that in the previous month but much lower than the average growth of the first half of 2011.
2nd West-to-East Trunk Line, a Milestone Event of the Chinese Gas Sector
July 2, 2011
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The operation of the 2nd West-to-East Gas Trunk Line is well regarded as a milestone event of the Chinese gas sector, placing far-reaching influences on the gas industry and the gas market in the country. It is urging domestic gas pricing reform, lifting growth of Chinese gas consumption, and pushing foreign gas dependence to new highs.
Natural gas demand growth in China jumping up to 25 percent for July
July 1, 2011
Second west-east gas transmission project begins operations | english.peopledaily.com.cn
Natural gas import is surging up along with the completion of the constructions of the 2nd West-to-East Gas Trunk Line bringing in Turkmenistan gas. Natural gas demand growth in China is further jumping up to over 25 percent, with foreign natural gas import dependence going over 25 percent in July.
Storm and Flooding Raging through South China, but with Short Damages
June 29, 2011
China Floods - Photo gallery June 2011 - Channel 4 News | www.channel4.com
Violent tropical storms raging through the southern part of China, causing heavy losses of properties and lives. However, damages by the storm likely remain limited and are believed not to last long. Some evident effects could be seen on transportation fuel consumption in June and July.
China Promoting a New Gas Supply Source -- Light Hydrocarbon Liquid
June 19, 2011
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A new sort of technologies is emerging in the Chinese oil and gas market to vaporize C5 plus light hydrocarbon by-products and mixed with air, becoming a new city gas supply source. However, influences of light hydrocarbon liquid vaporized gas on the domestic gas market will likely be limited, as economics of light hydrocarbon liquid vaporization projects could be damaged by effective captive utilization of light hydrocarbon liquid in plants.
Oil demand in China increasing by 6.3% in June, a rate sliding down
June 12, 2011
百度一下,你就知道 | www.baidu.com
Oil demand in China is moving into a peak season in June, but the growth rate is expected to somewhat slip down to 6.3 percent. Light chemical feeds and diesel continue leading the growth.
Gas Power Plants Lacking Supply, While China Being in Electricity Shortage
June 5, 2011
百度搜索_浙江省的半山电厂 | www.baidu.com
While widespread electricity supply shortage in China has blown some ripples in other energy markets, in particular, resulting in extra diesel demand for plant backup power generation, the natural gas market has received little affected. There seem no extra gas supply sources and no incentives for gas-fired power plants to raise plant operations to make possible contributions to help relieve electricity supply shortage.
Natural gas demand in China continues increasing strongly at 24 percent in June
June 2, 2011
百度一下,你就知道 | www.baidu.com
Entering June, natural gas demand in China continues staying in a relatively low season. On the other hand, however, growth of natural gas consumption is remaining high at around 24 percent with support of increasing gas supplies. Incremental natural gas consumption growth in China continues being mainly driven by availability of more gas supplies from both domestic field outputs and gas import.
Is Supply Shortage Extending from Electricity to Diesel in China?
May 15, 2011
NDRC warn of possible electricity shortage _English_博览 | msn.huanqiu.com
Electricity supply shortage is quickly spreading, becoming alarmingly severe in China.Electricity supply shortage is now extending into the diesel market. With high diesel fueled electricity costs, enterprises may only afford self generated electricity when it is absolutely necessary and in contingency. It could produce evident but still limited impacts on the whole diesel demand.
Oil demand in China stays strong into May
May 11, 2011
Demand for light-end oil products in China continues moving higher into May, with full-swing industrial operations, infrastructure constructions and transportation, though the busy spring agricultural season is over in general. Total oil demand in China is expected to come to 10.41 million barrels per day in May, sustaining a high growth of 7.8 percent compared with the same period of last year.
Upsurging Coal-to-Gas Fervor in China
May 4, 2011
Chinese Steelmaker Announces Coal-to-Gas Project | www.breakbulk.com
While running wild world oil prices, soaring up gas demand, incentives of central government’s “developing the West” policy, and cheap coal are heating up coal-to-gas investment excitement in China, uncertainties will be around including rising coal costs, CO2 emission regulations, and a lack of gas transmission infrastructure.
Refining Capacity Battle between the State and Locals in China
May 2, 2011
China's refining capacity may rise 50%, Sinopec says | www.chinadaily.com.cn
NDRC has recently issued updated State Guidelines of Industrial Structural Adjustment (2011), raising minimum capacity hurdles for both new refinery investment projects to 200,000 bd. The new guidelines are expected to further escalate a long battle of refining capacity between the State and locals.
The Chinese Natural Gas Market in May, Speeding up Growth in a light Season
May 1, 2011
Entering May, natural gas demand in China is expected to continue turning relatively low in the light spring season, but gas demand growth is jumping up high along with increasing supplies from both domestic production and import, and thriving gas infrastructure constructions.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
Two global energy pipeline projects deserve attention
November 15, 2011