(Bloomberg) — China National Offshore Oil Corp. struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch. The nation’s biggest offshore oil and gas driller has signed agreements with a dozen international firms, according to a statement Wednesday. That includes […]
(Bloomberg) — China may be forced to start buying crude at elevated prices to replenish its thinning crude stockpiles, adding more pressure to a nation that’s facing energy shortages and seeking to avert a diesel crisis. Commercial and strategic oil inventories have shrunk to the lowest level since November 2018 in terms of filled capacity, […]