Tag: China

Gazprom to deliver gas to China ahead of schedule

Gazprom to deliver gas to China ahead of schedule

Russia’s state-owned gas giant Gazprom will begin deliveries to China through the Power of Siberia pipeline as early as 1 December 2019, according to the chairman of the company’s management committee, Alexey Miller. The project was initially expected to begin transporting gas to China on 20 December 2019 and is […]

Investment and growth in coal output is still on the global agenda

Investment and growth in coal output is still on the global agenda

Major economies are still using and, in some places, increasing their coal output due to its cheap and reliable nature, with demand not waning. Both the US and China are not moving away from coal anytime soon. In the US, Wyoming Governor Mark Gordon is looking at three potential sites […]

China coal output climbs 2.1% as it becomes leading global backer

China coal output climbs 2.1% as it becomes leading global backer

China’s coal production leapt 2.1% from the year before, hitting its highest level in three years as major miners increase output and new miners begin operations. Data released by the National Bureau of Statistics showed production had hit 320.38 million tonnes of coal in December – its highest volume since […]

China provides boost to the markets

China provides boost to the markets

The FTSE 100 surged 1.354pc to 6,783.30 following news from China that its manufacturing reading in the Caixin Survey was 1pc above its forecast, while the Chinese Government said it would assist the economy after broadly disappointing economic indicators were released. Mining giants led a strong FTSE 100, with Antofagasta […]

Weak sterling supports the FTSE 100

Weak sterling supports the FTSE 100

The FTSE 100 briefly dipped below the 6,800 mark, dragged down by poor performances across the mining sector, but rebounded to 6,822.96 by midday helped by a weakening pound. International benchmark Brent crude was down 0.72pc at $61.01 after China reported weaker economic growth, hinting towards lower fuel demand from […]

Oil falls to one-year low on supply glut

Oil falls to one-year low on supply glut

Global oil prices have plummeted to their lowest since late 2017, weighed down by oversupply and fears over economic outlook. In response to the growing supply, OPEC is expected to withhold its output following a meeting planned for 6th December as international benchmark Bent crude dropped to its lowest since […]

Saudi Aramco to invest in Chinese refinery-petrochemical project

Saudi Aramco to invest in Chinese refinery-petrochemical project

Saudi Aramco has signed an agreement that will see the state-owned oil giant invest in a refinery-petrochemical project in eastern China, as it looks to expand its global downstream operations. Details released by the Zhoushan government suggest the memorandum of understanding between Aramco and Zhejiang province includes an investment in […]

Boom of US coal exports to Asia

Boom of US coal exports to Asia

Asia is increasingly turning to US coal to fuel its rapidly growing appetite for the commodity that is the leading source of power in 18 of the US states and contribute almost 30% of all American power. Satellite imagery from last month shows that China is to add 259GW of […]