Saudi Arabia Remains China’s Top Oil Supplier Despite Imports Decline in November

China’s crude oil imports from Saudi Arabia has declined by 13% during November 2021 to 7.4 million barrels per day (mmbl/d) compared to 2.06 mmbl/d in November 2020.

Petronas, Shenergy Agree on China LNG Shipments

Petronas Company announced that it has signed an agreement with Shenergy Group Company to send three carbon neutral liquefied natural gas (LNG) cargoes from Petronas LNG complex, located in Bintulu, to China.

Saudi Holds on to Top Rank as China’s Crude Supplier

Saudi Arabia retained a top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts.

China’s Sinopec to Spend $4.6 b on Hydrogen Energy by 2025

China’s Sinopec company announced that it intends to spend $4.6 billion on hydrogen energy by 2025.

Sinopec Announces New Discovery in Xinjiang

Sinopec Company announced that it has achieved a new oil discovery, that can produce more than 100 million tons of oil and gas, in the Shunbei area of the Tarim Basin in the country's Xinjiang region.

China’s CNPC Eyes New Shale Oil Production From Daqing Oilfield

China National Petroleum Company (CNPC) announced that it plans to produce from new shale oil from formations within the area of the existing Daqing oilfield.

Chinese Sinopec Discovers Abundant Natural Gas in Zhongjiang Field

The newly added natural gas in the Zhongjiang gas field has proved reserves exceeding 34 billion cubic meters (bcm), raising the total proved reserves 106.1 bcm.

China’s Daily Crude Output Declines to 13.9 mb/d in July, Lowest Since May 2020

This comes as the independent plants in China, also known as teapots, cut production in the middle of high inventories, tighter quotas, and weakening profits.

China’s Oil Products Exports Down 28% in July

China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.

China’s Crude Oil Imports Jump to 41.2 M tons in July

The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).

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