China plans to ban imports of coal with high-ash and high-sulfur content as the nation seeks to limit the dirtiest fuels to fight pollution.
China’s smaller, independent oil refineries known as teapots may be granted more import licenses this year, a government research official said.
China refined a record amount of crude last month as new plants owned by PetroChina Co. and Sinochem Group began operations.
China refined the least crude in four months as fuel demand in the world’s second-largest oil consumer slowed amid a cooling economy.
China plans to raise natural gas prices this year to boost supplies of the cleaner-burning fuel in an effort to fight pollution.
Carrie Pan, a 29-year-old Shanghai accountant who’s lost almost half the value of her portfolio since she began investing in Chinese stocks, is confident again.
China’s crude imports are forecast to increase at the fastest pace in four years as oil demand in the world’s second-largest economy accelerates and additional storage tanks are filled.
China’s imports of liquefied natural gas rose to a record for a second month in January as new terminals and winter heating demand boosted consumption.
China’s drive to cut pollution from vehicle exhaust is spurring the most gasoline exports since 2005 and reducing profit for regional refiners.
BP Plc dropped plans to invest in a refinery in China and “dismantled” a team assigned to the project late last month, said the International Energy Agency.