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State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.
News ID: 2525    Publish Date : 2018/11/07

China ’s Sinopec and CNPC are speeding up drilling and exploration from major shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports on Monday.
News ID: 2506    Publish Date : 2018/11/06

China ’s state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint venture with Iraq’s state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next week, two industry officials with direct knowledge of the matter told Reuters but did not specify the volume of supply in the annual crude pact.
News ID: 2493    Publish Date : 2018/11/05

Oil prices seesawed on Friday as markets were lifted by hopes the United States and China may resolve their trade disputes soon, before being weighed down by a report Washington had granted several countries waivers on Iran sanctions.
News ID: 2488    Publish Date : 2018/11/03

China will lead global refinery capacity expansion and investments with 3.12 million barrels per day additional refining capacity and $67.3 billion capital expenditure through 2022, data and analytics company GlobalData said in a new report.
News ID: 2478    Publish Date : 2018/10/31

Although the European Union has vowed to create a special purpose vehicle to continue trade with Iran after the US sanctions on Tehran’s oil return next week, the bloc is struggling with the set-up of such vehicle because no EU member is willing to host it for fear of angering the United States, Oil Price reported, citing EU diplomats.
News ID: 2477    Publish Date : 2018/10/31

European diplomats say enhanced US financial sanctions against Iran could force the rest of the world to create alternative banking systems that would undermine the long-time dominance of the US dollar.
News ID: 2470    Publish Date : 2018/10/29

The European Union plans to invite Russia and China to join a future alternative payment network to the global financial service provider SWIFT to circumvent the US sanctions on Iran, Russian Ambassador to the European Union Vladimir Chizhov said.
News ID: 2455    Publish Date : 2018/10/26

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2018, a 4.4% increase compared to September 2017.
News ID: 2447    Publish Date : 2018/10/25

Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela’s heavy grades as China ’s road construction sector—a key consumer of the heavy oil’s bitumen yield—is booming.
News ID: 2426    Publish Date : 2018/10/13

China ’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the US that could exacerbate the already-heated dispute between Beijing and Washington.
News ID: 2423    Publish Date : 2018/10/12

China 's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6 million tonnes, or roughly 7 percent of annual demand, major miner BHP said on Thursday.
News ID: 2364    Publish Date : 2018/10/04

US crude oil shipments to China have “totally stopped”, the president of China Merchants Energy Shipping Co. said on Wednesday, as the trade war between the world’s two biggest economies takes its toll on what was a fast growing businesses.
News ID: 2349    Publish Date : 2018/10/04

China has pledged to sharply raise crude oil import quotas for the independent refining sector by 42% in 2019, as the startup of two mega refineries nears and a few small ones aim to boost operations, opening up a new window of opportunity for Middle Eastern, Latin American and Russian suppliers.
News ID: 2323    Publish Date : 2018/10/01

According to National Bureau of Statistics, China - world's largest iron ore consumer and importer of iron ore has witnessed production at 519.99 MnT for Jan-Aug'18, down 66% as against same duration previous year (Jan-Aug'17) at 863.22 MnT.
News ID: 2229    Publish Date : 2018/09/22

China has announced its decision to increase tax rebates for 397 products including steel to electronics in its move to boost export shipments amid its trade war with U.S.
News ID: 2209    Publish Date : 2018/09/21

SteelMint has reported that last week China ’s graphite electrodes prices surged by RMB 3,000 to 20,000 (USD 438 – 2,920/MT) varying with the size. However, sources have informed that the GE prices in China have increased further by RMB 2,000 to 10,000/MT (USD 292 – 1,460/MT).
News ID: 2203    Publish Date : 2018/09/21

China has this year become the world’s second-largest LNG importer after Japan, analysis of shipping data from Reuters Eikon revealed.
News ID: 1741    Publish Date : 2017/12/29

Ford Motor Co will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the US firm said at an event in Shanghai on Tuesday, as it looks to rev up sales growth in the market and shift towards cleaner electric cars.
News ID: 1664    Publish Date : 2017/12/11

There is a never-ending competition for supplying raw steelmaking materials and this is at its fiercest in China as the world’s largest producer and consumer of iron ore. Iran, however, is missing out on the competition and is wholly dependent on Chinese imports.
News ID: 1657    Publish Date : 2017/12/11

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