China is stepping up domestic drilling for oil and seeking alternatives in the global market, including striking deals with countries that are subject to Western sanctions
China’s biggest oil companies are increasing their drilling at home and signing big deals overseas, part of a push for energy security that has also led to rising trade with countries that are subject to U.S. sanctions.
China’s demand for crude oil is likely to hit 15.6 million barrels a day this year, around 5% higher than last year, according to a forecast from the Organization of the Petroleum Exporting Countries. The country is the second-largest consumer of oil after the U.S., so any change in its behavior could have a big impact on global prices.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hulu's new comedy 'Quasi' mixes humor with historyIt may be silly at times, but with Steve Lemme in the title role, the film is a delightful mixture of humor and heart.
Baca lebih lajut »
Hulu's new comedy 'Quasi' mixes humor with historyIt may be silly at times, but with Steve Lemme in the title role, the film is a delightful mixture of humor and heart.
Baca lebih lajut »
Hulu's new comedy 'Quasi' mixes humor with historyIt may be silly at times, but with Steve Lemme in the title role, the film is a delightful mixture of humor and heart.
Baca lebih lajut »
Hulu's new comedy 'Quasi' mixes humor with historyIt may be silly at times, but with Steve Lemme in the title role, the film is a delightful mixture of humor and heart.
Baca lebih lajut »
Etihad Airways plans to triple passengers, double fleet amid strategy shiftAbu Dhabi-based Etihad Airways aims to triple the number of passengers it carriers to 30 million and nearly double its fleet to 150 planes by the end of the decade, the airline's chief told Reuters in an interview in New Delhi on Thursday.
Baca lebih lajut »
Woodside directors re-elected despite climate strategy concernsWoodside Energy Group Ltd's shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans.
Baca lebih lajut »