Saudi Arabia remained China’s top oil suppliers in 2022, followed by Russia
Saudi Arabia remained the top oil suppliers to China followed by Russia, as Chinese refiners snapped up low-cost Russian supplies while Western countries imposed sanctions …
OIL & GAS
China’s oil, gas imports declined in 2022, import prices surged over 40%
China’s total crude oil and natural gas imports fell 2.6% in 2022 from the previous year, while the average import price jumped by more than 40% after the Russia-Ukraine tensions drove up international energy 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.
Russia becomes one of China’s leading suppliers of oil, gas – Russian President Putin
Russian President Vladimir Putin said that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
China’s 2023 natural gas demand to rebound, to surpass 2021 level boosted by reopening – research
China’s natural gas demand in 2023 is expected to rebound from 2022 levels on the back of a gradual reopening of the economy.
