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United Kingdom

Muyu Xu

China issues final batch of refined fuel export quotas for 2020 - sources

23 Nov 2020

SINGAPORE/BEIJING China has issued a new and final batch of refined fuel export quotas for 2020 totalling 3 million tonnes, including its first sizeable quota to a giant private refiner, two industry officials with knowledge of the matter said on Monday.

UPDATE 2-China lifts renewable power subsidy for 2021 by nearly 5% y/y

20 Nov 2020

* Total subsidy for 2021 set at 5.95 bln yuan - finance ministry

China's oil buying binge to run on in 2021 as tank operators, refiners stock up

18 Nov 2020

SINGAPORE/BEIJING China's commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.

China's oil buying binge supported as tank operators, refiners boost storage

18 Nov 2020

SINGAPORE/BEIJING, Nov 18 China's commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.

UPDATE 2-China's winter gas demand to rise 10% on economic recovery - state oil firms

29 Oct 2020

* Largely balanced on higher domestic output, record LNG imports (Adds comment on risk of central Asia supply cut, growing Russian supply)

China's Sinopec posts record quarterly profit as refining margins jump

29 Oct 2020

BEIJING/SINGAPORE Top Asian oil refiner Sinopec Corp swung to a record quarterly profit in July-September, thanks to a jump in refining margins and earnings from the spin-off of pipeline assets, the company said.

China accuses U.S. of deflecting blame as diplomatic row shifts to climate

28 Oct 2020

BEIJING/SHANGHAI A senior Chinese official accused the United States on Wednesday of deflecting blame and breaking its word when it comes to fighting climate change, as the simmering diplomatic row between the world's two biggest economies shifts to the environment.

Xi's carbon neutrality vow to reshape China's five-year plan

27 Oct 2020

BEIJING/SHANGHAI Chinese leaders will discuss ambitious new measures to tackle climate change on Monday at a government plenum to finalise a new five-year national development plan, after Chinese President Xi Jinping pledged to make the country "carbon neutral" by 2060.

China's oil buying frenzy slows on high stocks, limited quotas

16 Oct 2020

BEIJING/SINGAPORE China has hit the brakes on its oil buying spree as swelling inventories and limited import quotas stifle purchases.

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