China, the world’s top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday.
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The liquefied natural gas industry has become too reliant on demand for the fuel from China, industry executives warned at last week’s CERAWeek, advising players in the LNG field to try and broaden their markets before they begin suffering the impact of this overreliance.
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Ongoing U.S.-China trade tensions continue to chip away at Chinese economic growth. China’s National Bureau of Statistics (NBS) said on Thursday that the country’s economy slowed in the first two months of the year as the rate of industrial production fell to its lowest in a decade.
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President Trump extended the trade talks with China, citing “substantial progress,” which will defuse one of the largest downside risks to the oil market, at least for a while longer.
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China is lining up the construction of new LNG import facilities while also expanding its existing LNG terminal in the Greater Bay area.
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Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. U.S. West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures were at $61.25 per barrel, up 41 cents, or 0.7 percent from their last close. “Prices supported by data showing further falls in…
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Liquefaction ramp-ups and a slowing rate of Chinese demand growth finally deliver the oft-anticipated supply glut.
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China’s electricity consumption rose to 6.84 trillion kilowatt hours in 2018, hitting a six-year high of 8.5 percent year on year, the Xinhua news agency reported on Tuesday, citing official data.
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China, the world’s second-largest importer of LNG, is continuing to boost its imports of the chilled fuel and has reached a new record high as it is pursuing its strategy for cleaner air.
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China’s Belt and Road Initiative (BRI) is officially neither a Chinese “Marshall Plan” nor a geopolitical master strategy. At present, it involves 84 countries, rising from 65 countries in 2015, and 15 Chinese provinces, accoridng to Global Gas Perspectives (GGP).
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