The world’s largest metamorphic rock oilfield has commenced production. The billion-tonne Phase I project of Bohai 26-6 started production on February 7, according to its developer, China National ...

Douglas McIntyre discusses data suggesting China may have reached peak oil—years ahead of previous predictions. This shift ...

The first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is ...

The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil projections by the IEA of global oil demand peaking before 2030. The forecast ...

Crude oil futures finished mixed, rebounding from sharp early losses after President Trump signed a memorandum restoring his ...

China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to ...

SINGAPORE, (Reuters) - Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to ...

"China’s crude oil imports from Russia hit new peak in 2024" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included ...

In December, Sinopec, China’s biggest refiner, brought forward its forecast for crude oil consumption to reach a peak to 2027, compared with the range it previously gave of between 2026 and 2030.

But there are now signs that China’s thirst for crude is reaching a peak sooner than expected, a development that has sent shockwaves through the oil market. This week, China said its oil ...