Actually, China is not very satisfied with OPEC. |
Actually, China is not very satisfied with OPEC. I believe in these talks OPEC will negotiate with China about more investments in the future. |
China would regard Russia as the primary alternative source and OPEC is worried about that. |
China would regard Russia as the primary alternative source, and OPEC is worried about that. |
For Chinese refineries, every time they sell a ton of gasoline or diesel, they lose 1,000 RMB, ... The whole refining industry is hurting. |
For Chinese refineries, every time they sell a ton of gasoline or diesel, they lose 1,000 RMB. The whole refining industry is hurting. |
It won't be put into practice. |
The Kazakhstan-China crude oil pipeline is also an important catalyst to push oil business cooperation between the two countries. |
There is a lot of potential for China to import more crude oil from Russia. |
With the world facing historically high crude oil prices, China's labor cost advantage becomes even more precious because no other country can control operating costs and keep them as low. |