China’s fuel-demand growth may ease to an average 4 percent in the next two to three months as a slowing economy cuts consumption, said an official with the research unit of the nation’s largest oil company.
Fuel consumption growth may also fall because of higher domestic gasoline and diesel prices, Gong Jinshuang, an engineer at CNPC [...]
Russia will postpone the construction of a massive pipeline to China which was expected to pump out up to 40 billion cubic meters of natural gas a year and eventually serve the Yangtze River and Pearl River deltas.
The decision was made because the 500-kilometer Altaic Pipeline, part of a western section of a Sino-Russia gas [...]
China is seeing more and more coal piles up at major transport harbors due to a weakening demand for the fossil fuel.
An official with the Qinhuangdao harbor bureau said Friday, on condition of anonymity, that Qinhuangdao harbor in northern China recorded a coal pileup of 8.44 million tons as of September 16. That is at [...]
About 25 percent of China’s potential car buyers will postpone their purchase due to surging fuel prices, according to a new survey from Nielsen.
The survey questioned more than 1,500 consumers in China’s key cities including Shanghai, Beijing and Guangzhou following an 18-percent price hike on gasoline and diesel fuels from June.
The study discovered 71 percent [...]
China’s coal-to-liquid (CTL) frenzy has cooled after it exposed the country’s many coal-rich provinces to huge investment risk. As a result, the government has called off several controversial projects.
“Although CTL was widely considered as a good way to expand the coal industry chain, it was still uncertain that the massive investment would be worthwhile in [...]
State Grid Corporation, China’s largest electric power transmission and distribution firm, will accelerate the construction of charging stations for electric vehicles in Beijing, Shanghai and Tianjin municipalities, according to a report in China Business Journal yesterday.
“The first batch of pilot charging stations will not only serve trial electric buses, but also be available for electric [...]
