COMMODITIES
COMMODITIES

China to step up efforts to ensure enegy supply, to guide coal prices within reasonable range – state planner NDRC

China will strengthen monitoring of changes in key international and domestic commodity markets and important consumer goods markets, increase the supply of important consumer goods and stablize prices.

Chinese energy giant CNOOC eyes record production of 650 – 660 million barrels of oil equivalent in 2023

CNOOC, China’s largest state-owned offshore oil driller, said it aims to achieve a record production of 650 – 660 million barrels of oil equivalent (boe) in 2023, with domestic production to account for 70% and overseas production 30%, according to a filing to the Hong Kong Stock Exchange outlining its annual strategic outlook.

China’s coal demand to peak at 4.08 bn tonnes in 2024, natural gas demand to peak in 2040 – research

China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.