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

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…

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

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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Markets: LNG Sector Dangerously Dependent On Chinese Demand

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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Markets: Trade Tensions Are Keeping A Lid On Oil Prices

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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Global Market: Oil Prices Could Soar On Trade War Truce

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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Global Markets: China to increase LNG import capacity

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

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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Global Markets: The LNG wave is on the way

Liquefaction ramp-ups and a slowing rate of Chinese demand growth finally deliver the oft-anticipated supply glut.

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Global: China’s power consumption up 6.84 trillion kilowatt hours in 2018

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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Global Markets: China’s 2018 LNG imports surge to record

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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