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.
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.
China’s drive to cut pollution from vehicle exhaust is spurring the most gasoline exports since 2005 and reducing profit for regional refiners.
China plans to cut its dependence on coal as the world’s biggest carbon emitter seeks to clear smog in cities from Beijing to Shanghai.
China’s imports of coal and liquefied natural gas rose to a record in December as the world’s biggest energy consumer sought to meet increased demand for winter heating.
China’s refineries processed the most crude in 11 months in December as they prepared to meet increased fuel demand over the Lunar New Year holiday.
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.
Benchmark power-station coal prices in China fell for the first time in more than three months as stockpiles gained and the nation’s largest producer of the fuel cut rates.
China, which consumes more oil than any country except the U.S., boosted net crude imports to a record high last month as two new refineries prepared to begin operations.