Posts Tagged ‘China’

Chinese oil demand growth rate reaches almost 3%

The growth in Chinese oil demand has been significantly less than the growth in the country’s GDP for awhile now. It still is, but October’s growth rate was a bit higher than some recent months. You can read our analysis of it here.

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The Oil Big Five: Your comments about oil reserves and opportunities for producers

November is thankfully on its last legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.

To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.

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At the Wellhead: A drop in the price of oil is not all good news for China

Conventional wisdom is that China, with its growing import dependence, would be nothing but “thumbs up” for the recent decline in oil prices. But as Song Yen Ling notes in this week’s Oilgram News column, At the Wellhead, conventional wisdom might not have the whole story.

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The Oil Big Five: Clear your calendar for November’s news

November didn’t waste any time with big news stories featuring oil issues, and some of us are still trying to catch up on the sleep lost watching the outcomes of the US elections on November 4. Looking ahead and around the globe, it appears the rest of the month has plenty of potential to keep us guessing as to what will happen to the global oil industry.

For this month’s The Oil Big Five, we’re marking our calendars for the rest of November and eagerly awaiting what new developments could start emerging. These five topics were suggested by our Platts editors and analysts around the world, and we’re particularly interested in what you think. Any wagers as to the outcome of any of these topics, or any other issues that are especially important to you? Comment here or on Twitter with the hashtag #oilbig5, and we’ll feature your comments (and give you another chance to leave us your thoughts) later in the month.

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A physical attack at a steel conference, a metaphor for tight credit

There was blood on the floor at the China Iron & Steel Association conference in Dalian Thursday. Literally.

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China hails new deepwater natural gas find, done all on its own

China National Offshore Oil Corp. has plenty to get excited about these days. After years of touting the unexplored and hidden depths of the South China Sea, the company has finally scored a coup with its first independent deepwater discovery.

The company earlier this week announced the success of the Lingshui 17-2-1 wildcat well, hailing it as a major breakthrough in exploration efforts.

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More bearish oil market signals from IEA as demand growth forecasts slashed

The closely watched monthly oil market report from the International Energy Agency confirmed a continued trend of oil demand growth slowdown on Thursday, adding a renewed bearish sentiment to already low oil prices.

There was nothing in the report to suggest prices could rebound from their current 16-month lows. The IEA described the recent slowdown in world oil demand growth as “nothing short of remarkable.”

And it is China — considered the key barometer for world oil demand growth — that the IEA said was one of the main causes of its most recent revisions.

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Infographic: Steel raw materials in numbers

Platts steel team tasked our design and production department to take a wealth of steel raw materials data and transform those freshly mined (sic) numbers into something visually engaging. In this post we present you with the very interesting results.

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Chinese oil demand drops in July from a year earlier

The global world oil market certainly isn’t getting any bullish boost from China. The Platts analysis for July showed the country’s apparent demand down from the corresponding month a year earlier. You can see our analysis here.

Petrodollars: China builds up its oil tanker fleet

Everyone talks about Chinese demand for oil. But the Chinese are also increasing their demand for the ships that move that oil around. James Bourne looks at the trend in this week’s Oilgram News column, Petrodollars.

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