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Shale gas reserves in China currently exceed 1 trillion cubic meters, the Ministry of Natural Resources of China reported. In 2017, the explored oil reserves in the country fell to 877 million tons from 1 billion 552 million tons in 2012, natural gas reserves decreased from 961 billion cubic meters to 555 billion 500 million cubic meters. According to Xinhua News Agency, in 2017, the recoverable oil reserves in China increased by 1.2% in annual terms, natural gas reserves - by 1.6%, shale gas reserves - by 62%. Ju Jianhua, the head of the ministerial group for the supervision of conservation of mineral resources, said that the explored reserves of shale gas in China in April 2018 exceeded 1 trillion cubic meters against 918 billion 800 million cubic meters fixed at the end of 2017.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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