• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Minggu, Juni 22, 2025
  • Login
EKSPLORASI.ID
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
EKSPLORASI.ID
No Result
View All Result
Home ENGLISH NEWS

China’s Oil, Coal Output Slides in Sign of More Imports to Come

by Eksplorasi.id
19 Agustus 2016
in ENGLISH NEWS
0
China’s Oil, Coal Output Slides in Sign of More Imports to Come

China. (Photo: Source)

0
SHARES
50
VIEWS
Share on WhatsappShare on Facebook

Eksplorasi.id – The world’s biggest consumer of energy is producing less of it. China’s crude output dropped 4.6 percent to 101.59 million metric tons in the first six months of the year, the lowest for that period since 2012, according to data from the National Bureau of Statistics on Friday.

Coal production fell 9.7 percent to 1.63 billion tons in the first half of the year. For June, crude tumbled 8.9 percent, coal fell 16.6 percent and natural gas slipped 0.5 percent.

The cutbacks highlight cost and environmental pressures on the world’s second-largest economy as it shifts toward consumer-driven growth and away from industrial production.

Oil producers including PetroChina Co. and Cnooc Ltd. shut unprofitable fields amid a price crash and took advantage of cheaper overseas supplies.

Meanwhile, coal output has slipped as President Xi Jinping’s government compels miners to reduce an overcapacity in the biggest producer and consumer of the fuel.

 “Domestic crude production will remain weak, while coal-output cuts may even deepen in the coming months,” Tian Miao, an analyst with policy researcher North Square Blue Oak Ltd., said before the data were released.
“China’s demand for overseas energy supplies including crude oil and coal will continue to grow in the second half year.”

Rising Imports

China boosted coal imports last month to the highest in more than a year, pushing inbound shipments 8.2 percent higher during the first half.

Purchases of oil from overseas have surged more than 14 percent over the same period, though they slowed to the weakest pace in five months during June.

China’s goals to cut coal and steel overcapacity will be reached this year, National Development and Reform Commission spokesman Zhao Chenxin said Thursday in Beijing.

Coal output will fall by 280 million metric tons this year, Xu Shaoshi, chairman of the country’s top planner, said last month.

PetroChina Co., the nation’s biggest producer, said in March it expects annual oil and gas output to fall the first time in 17 years as it shuts fields that have “no hope” of turning a profit, while Cnooc Ltd. sees output slipping as much as 5.2 percent this year.

Oil’s rate of decline is lagging behind expectations of 6.9 percent slide forecast by National Energy Administration in February. Coal’s slump is ahead of the outlook for a 8.2 percent drop.

The drop in coal and crude production contrasts with a 4.1 percent rise in natural gas output in the first half of the year to 69 billion cubic meters.

Gas production is forecast to rise 13 percent this year, according to the NEA’s outlook. The government has encouraged the use of gas as a cleaner-burning replacement for coal and China National Petroleum Corp., the country’s oil and gas giant, intends to shift priorities in the second half of the year toward exploration and production of the fuel.

Eksplorasi | Bloomberg

Tags: chinaCoalEnergygasOil
Eksplorasi.id

Eksplorasi.id

Next Post
Newmont Setor Pajak dan Royalti Rp34,7 Triliun

Enam Persen Penjualan Saham Daerah di Newmont Cacat Hukum

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Saudi Jual Minyak ke AS Lebih Murah daripada ke Eropa

Garap Kilang Bontang, Pertamina Hanya Punya 10 Persen Saham dan Wajib Jadi ‘Offtaker’

7 tahun ago
Pertamina Resmi Jual Dexlite di Jateng dan Yogyakarta

Pertama di Balikpapan, Dexlite Langsung Diserbu Konsumen

9 tahun ago

Sering Dibaca

  • Potensi Uranium Indonesia 77 Ribu Ton, Bisa Penuhi Kebutuhan Listrik 40 Tahun

    Potensi Uranium Indonesia 77 Ribu Ton, Bisa Penuhi Kebutuhan Listrik 40 Tahun

    0 shares
    Share 0 Tweet 0
  • Ini Data Lokasi Pengeboran Minyak Ilegal di Banyuasin

    0 shares
    Share 0 Tweet 0
  • FSRU Lampung Terima 1 Kargo LNG dari Tangguh

    0 shares
    Share 0 Tweet 0
  • Menyigi Kedekatan Massa Manik dan Grup Danatama

    0 shares
    Share 0 Tweet 0
  • Pembangunan Apartemen Milik Pertamina oleh PT PP Diduga Bermasalah, KPK Diminta Turun Tangan

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

EKSPLORASI.ID

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Navigate Site

  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

Follow Us

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In