Monday, August 19, 2019

Tag: Sinopec

Washington Tries to Break BRICS – Rape of Brazil Begins

Washington's regime change machinery has for the time being succeeded in removing an important link in the alliance of large emerging nations by railroading through a Senate impeachment of the duly elected President, Dilma Rousseff. On August 31 her Vice President Michel Temer was sworn in as President. In...

Putin Praises ‘All-Embracing’ Partnership of Russia, China

Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia's "all-embracing and strategic partnership" with its neighbor, during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust. Putin told Chinese Premier Li Keqiang that...

China’s Pivot to Putin’s Friends

The Moscow-Beijing partnership is stalling. But Xi is winning over the Russian president’s inner circle with favorable loans and sweetheart energy deals. When Gennady Timchenko — a Russian oligarch and close friend of President Vladimir Putin — was appointed chair of the Russian-Chinese Business Council, an association of more than...

Saudi Arabia is suddenly facing a serious catastrophe – here’s why

Saudi Arabia is in serious trouble. The BinLadin Group, the kingdom’s largest construction company, has terminated the employment of fifty thousand foreign workers. They have been issued exit visas, which they have refused to honor. These workers will not leave without being paid back wages. Angry with their employer,...

China And The Middle East – Is The Balance Shifting?

Onlookers might have been surprised a few weeks ago to see the Ambassadors of China and Turkmenistan standing side by side in the rather inauspicious surroundings of the Tehran railway station to witness the arrival of a freight train containing small commodities. This was however no ordinary freight train, but...

China’s Oil Demand Could Be 19% Below IEA Forecast, Warns Merrill

Is it time to sell into the rally? Brent crude has recovered from its late January low of $27.88 to trade at $40.95 this morning. China’s new five-year plan (for 2016-2020), unveiled last weekend, sets a meaningfully negative tone for China’s oil demand. If fully implemented, China’s oil demand could be...

China to Decline Oil Production in 2016: Will Oil Prices Stroke Up?

China expects the oil production to decline in 2016 amid weak domestic demand and a slowdown in the economy. China's part as a major oil buyer has turned into an essential element in energy markets. Presently, its part as a noteworthy oil producer is picking up a considerable amount of...

Economy and Sanctions Derail Russia’s Central Asian Investments

After years of embarking on promising forays into Central Asia’s economy, Russia is being forced to pare back its ambitions. The starkest retreat of Russian money is seen in Kyrgyzstan, whose parliament voted overwhelmingly last week to cancel a deal with Russian companies to build two major hydropower facilities. The...

In Saudi Aramco IPO, Global Refining Empire May Be the Prize

Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in its refining assets rather than the parent. While that would lock private capital out...

China’s Global Ambitions, Cash and Strings Attached

EL CHACO, Ecuador - Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for a dam and a 15-mile underground tunnel. The $2.2 billion project will feed river water to eight giant Chinese turbines designed to produce enough electricity...

China becomes world’s top crude buyer despite economy stuttering

China imported 7.4 mln bpd in April, U.S. about 7.2 mln bpd Commercial, strategic stockpiling keeps China's demand high China is already world's biggest energy, raw material importer SINGAPORE, May 11 (Reuters) - China overtook the United States as the world's top importer of crude oil for the first time in April,...

ISIS Caliphate meets China’s Silk Road Economic Belt

This report examines the clashing ambitions between ISIS and China. With ISIS’s declaration of a caliphate that encompasses China’s Muslim Xinjiang, Chinese strategists will now consider how ISIS’s Eastward pivot will impact China’s own Westward march to create a Silk Road Economic Belt across Eurasia. While the Western U.S.-led...

How To Invest With A Rothschild – In Iraqi Oil

Whether there is war or peace in Iraq, whether the country holds together or falls apart, the oil will flow. If you want to take a flyer on your own little piece of the future of Iraqi oil, the stock to buy is probably Genel Energy. The company has the...

China’s Oil Future

Robust industrial growth and increasing domestic living standards have left China with a nearly insatiable thirst for energy. And oil is playing an integral part in meeting that demand. Although coal remains the chief source of energy, oil fuels China’s transportation, plays a crucial role in industry, and is a...

Iraq Embraces China’s Growing Oil Dominance

BAGHDAD— From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq. Driven by an insatiable thirst for oil, Beijing secured a formidable position in Iraq's prized energy sector through auctions held four years ago. It is now seeking to buy 850,000 barrels...

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