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ANALYSIS: China LNG demand outlook strong amid warnings of summer power shortages
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China set to cap coal consumption, boost domestic oil & gas output in 2021 | Hellenic Shipping News Worldwide
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Singapore China is set to cap coal consumption in 2021 by reducing it to less than 56% of the country s total energy mix, while planning to boost domestic oil and gas output a set of targets that are deemed easy to meet when overall consumer energy demand recovers from the pandemic-induced economy, industry and market analysts said.
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China s National Energy Administration on April 22 released the annual Energy Work Guidance for 2021, which aims to manage energy security risks and achieve energy transition to meet the targets of peak carbon emissions by 2030 and carbon neutrality by 2060. The guidelines covered energy structure, supply security, energy efficiency, technology innovation and electricity market reform.
Oil Bulls Buoyed by Chinese Traffic Jams and Busy Factories
Bloomberg 1 hr ago Bloomberg News © Bloomberg Oil storage tanks are seen in this aerial photograph taken on the outskirts of Ningbo, Zhejiang Province, China, on Wednesday, April 22, 2020.
(Bloomberg) Chinese traffic and factory activity is not only back to normal, it’s surpassing pre-virus levels, underpinning the global oil demand recovery.
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The robust consumption from China the world’s biggest crude importer that’s also on track to become the No. 1 refiner this year offers support to oil bulls. That’s especially true because India, Asia’s other main demand center, is dealing with a brutal new wave of the coronavirus that’s leading to deserted streets and itinerant workers fleeing major cities.
Oil Bulls Buoyed by Chinese Traffic Jams and Busy Factories
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