China

Global Oil & Gas: Oil Unchanged as Market Struggles for Direction

Posted on November 17, 2023November 17, 2023 by Mozambique Resources Post

Oil narrowly held onto a four-day winning streak as investors weighed a mixed supply-and-demand outlook. West Texas Intermediate settled unchanged near $78 a barrel, erasing an equities-led morning rally. The US benchmark has struggled for direction — crossing above its 200-day moving average just one week after breaching it on the way down. Prices earlier tested the 13-day moving average, another key resistance level, before retreating. While oil demand is healthy, according to the International…

Markets: “China becomes world’s biggest importer of rare earths” – analysts

Posted on March 20, 2019March 20, 2019 by Mozambique Resources Post

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.

Markets: LNG Sector Dangerously Dependent On Chinese Demand

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

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.

Markets: Trade Tensions Are Keeping A Lid On Oil Prices

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

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.

Global Market: Oil Prices Could Soar On Trade War Truce

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

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.

Global Markets: China to increase LNG import capacity

Posted on February 21, 2019February 21, 2019 by Mozambique Resources Post

China is lining up the construction of new LNG import facilities while also expanding its existing LNG terminal in the Greater Bay area.

Global Markets: Oil prices climb on OPEC cuts, hopes of U.S-China trade deal

Posted on February 1, 2019February 1, 2019 by Mozambique Resources Post

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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