About 90 percent of all China’s crude imports is covered by the two giant state-owned companies – PetroChina and Sinopec. China, being the world’s second
Category: Energy
Several Kurdish Tankers Still Unable to Offload and Sell Disputed Oil
After a U.S. judge said that she had lacked jurisdiction to seize a Kurdish tanker off the U.S. shore, and if it did, it would
IMF Favors Higher but Smarter Energy Taxes
The International Monetary Fund (IMF) said last week that energy taxes are, in most parts of the world, lower than they should be to mirror
European Energy Companies’ Dilemma in China: Staying Competitive without Advanced Technology Transfer
PHOSPHATEPRICE has recently interviewed Dr. Pei-Fei Chang, a Taiwanese-born Belgian scholar and expert in government energy policy about Chinese government’s policy on renewables and namely
U.S. Cannot Seize Kurdish Oil for Now
Yesterday, a U.S. judge said she lacked jurisdiction to seize a tanker carrying 100 million USD in Iraqi Kurdish crude due to the ship’s distance
China Castigates the US Due to Anti-Dumping in Solar Industry
China’s Commerce Ministry condemns the anti-dumping duties that the United States have imposed on Chinese solar products saying that this jeopardizes the vitality of the
Exxon Mobil Considers a Multi-Billion Investment in the US
ExxonMobil Corporation is considering a multi-billion plan to expand its Beaumont refinery in Texas to make it the biggest refinery in the United States. The
Asia Buys US Ultra-Light Oil for First Time in 40 Years
Japan and South Korea have bought the first ultra-light oil from the United States after Washington eased the 40-year-old ban on trading US crude oil
Iraq’s Militants Start Oil Smuggling
Iraq’s militants seized four small oil drilling sites when they swept through the north of the country last month. Now, they have started selling crude
ExxonMobil Faces a Dilemma due to US Sanctions
The world’s most valued oil company, ExxonMobil, is struggling with an ordinary journey of an oil drilling rig, scheduled to resume operation some time ago,