Chinese LNG Imports See Strong Growth This Summer

China imported 4.53 million mt of liquefied natural gas (LNG) in June 2019, up 14.9% year on year and 10,000 mt or 2.3% month on month, data from the General Administration of Customs (GAC) shows. The imports accounted for 60.2% of China’s total natural gas imports, an increase of 5.8 percentage points year on year and 1.6 percentage points month on month. China’s imports of natural gas in June were 7.52 million mt, up 3.4% year on year and down 40,000 mt or 0.5% month on month. The country imported 2.99 million mt of gaseous natural…

Source: Oilprice.com

Bernie Sanders Calls For Line 5 Oil Pipeline To Be Shut Down

Democratic presidential hopeful Bernie Sanders has called for the controversial Line 5 oil pipeline to be shut down. Sanders became the second 2020 Democratic primary candidate to seek the closure of the oil pipeline that crosses a channel linking two of the Great Lakes in Michigan. His call for shut down of this 66-year-old pipeline comes right on the 9-year anniversary of Enbridge's disastrous oil spill in Michigan when 1 million gallons of oil were spilled into the Kalamazoo River. "Today, with the climate crisis worsening, we must shut down…

Source: Oilprice.com

Bernie Sanders Calls For Line 5 Oil Pipeline To Be Shut Down

Democratic presidential hopeful Bernie Sanders has called for the controversial Line 5 oil pipeline to be shut down. Sanders became the second 2020 Democratic primary candidate to seek the closure of the oil pipeline that crosses a channel linking two of the Great Lakes in Michigan. His call for shut down of this 66-year-old pipeline comes right on the 9-year anniversary of Enbridge's disastrous oil spill in Michigan when 1 million gallons of oil were spilled into the Kalamazoo River. "Today, with the climate crisis worsening, we must shut down…

Source: Oilprice.com

Bernie Sanders Calls For Line 5 Oil Pipeline To Be Shut Down

Democratic presidential hopeful Bernie Sanders has called for the controversial Line 5 oil pipeline to be shut down. Sanders became the second 2020 Democratic primary candidate to seek the closure of the oil pipeline that crosses a channel linking two of the Great Lakes in Michigan. His call for shut down of this 66-year-old pipeline comes right on the 9-year anniversary of Enbridge's disastrous oil spill in Michigan when 1 million gallons of oil were spilled into the Kalamazoo River. "Today, with the climate crisis worsening, we must shut down…

Source: Oilprice.com

China’s industrial profits fell 3.1% y/y in June

Profits earned by China's industrial firms fell 3.1% in June from a year earlier, reversing gains in May, the National Bureau of Statistics said on Saturday. The June figure compared with profit growth of 1.1% in May. For the first half of 2019, profits dropped 2.4% from the same period last year to 2.98 trillion [Read more]

Source: BOE Report