China's crude oil imports fell 1.9% to just over 11 million bpd in 2024. According to China National Petroleum Corp, sales of both road fuels peaked in 2023. Over the past three decades ...

China's largest ultra-deep oil and gas production base, the Tarim oilfield, has extracted 150 million metric tons of oil and gas equivalent from formations deeper than 6,000 meters so far ...

IS China still the best justification for ongoing crude demand, or the worst? While most of the world remains fixated on the slow-motion car crash in its real estate sector, oil executives seem ...

China is producing oil and gas from a 10,910-metre well – the second-deepest hole ever drilled on Earth – China National Petroleum Corporation has announced. The Shenditake 1 well, in the ...

Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden ...

It aims to reconcile high-output oil production with innovative emission control, highlighting China’s desire to meet its carbon targets. The country has pledged to reach peak carbon emissions ...

(Bloomberg) -- China’s smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector. The refiners, dubbed teapots ...

China’s crude oil imports continued to decline in February, with reduced seaborne shipments from Russia contributing to the fall. Stricter US sanctions on Russian oil tankers disrupted trade ...

BEIJING: China said Saturday (Mar 8) it would slap tariffs on Canadian products including rapeseed oil and pork, after a Beijing probe into levies imposed by Ottawa on Chinese goods last year.