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PetroChina posted a record H1 net profit of RMB103.94 billion, rising 22% year-over-year on strong natural gas and petrochemical expansion. Rapid EV adoption pressured domestic transport fuel demand,…
China has balanced global crude markets by cutting oil imports from 12 million to 7 million barrels daily. Drawing on stockpiles, reducing refinery runs, increasing EV adoption, and relying on strate…
US Strategic Petroleum Reserve dropped below 300 million barrels, lowest since 1983, as Brent spiked following stalled Middle East talks. China's growing influence over oil demand raises supply conce…
Oil prices stayed low despite Middle East supply disruptions as China halted crude purchases, offsetting an 11.1M barrel/day supply loss. Analysts warn demand could rebound sharply if China resumes b…
China's crude import policy and refined fuel export decisions will shape oil prices amid ongoing Middle East supply disruptions. Decade-low Chinese imports capped price spikes, but potential demand r…
Treasury Secretary Bessent says China cut Iranian oil imports ~40% via sanctions on teapot refineries, also citing weak Chinese demand. He separately accused Chinese AI models of copying U.S. LLM wat…
WTI crude oil prices retreated from $95 to $91 per barrel as geopolitical tensions eased following Iran's signal to halt military operations against Israel. Increased OPEC+ production quotas and decl…
Brent crude prices dropped to $93 per barrel due to stagnant US-Iran negotiations and significant declines in Chinese oil imports. Fears of cooling global demand and reduced refinery activity are cur…