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US adds two Chinese companies to black list

- Chinese National Overseas Oil Corporation added to economic list, Skyrizon to military end-user list

home > Asia, Americas, General 15.01.2021 09:12

US adds two Chinese companies to black list

The US added two Chinese companies to its blacklist, claiming they threaten national security, according a statement Thursday by the Commerce Department.

The Chinese National Overseas Oil Corporation (CNOOC) was added to the US' economic list and Skyrizon was added to the military end-user list.

"Both companies threaten US national security, CNOOC by helping China intimidate neighbors in the South China Sea and Skyrizon for its capability to develop, produce, or maintain military items, such as military aircraft engines," the statement said.

Commerce Secretary Wilbur Ross said Beijing's actions to acquire intellectual property and technology for its militarization efforts are a threat to the US' national security and the security of the international community.

Intellectual property and technology transfer have been significant but unresolved issues between Washington and Beijing that have engaged in a trade conflict during President Donald Trump’s administration.

Before he leaves office Jan. 20, Trump has intensified pressure on Chinese companies, including TikTok and WeChat apps, and has tried to delist several that traded on the New York Stock Exchange.

By Ovunc Kutlu

Anadolu Agency

energy@aa.com.tr


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14.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up over higher US pandemic relief plan

- Increase in number of coronavirus cases worldwide and tightening measures continue to raise concerns over oil demand
13.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Chinese investors in talks for Turkey mine investments

- BDY Group's purchase of Petgaz, Turkey’s largest storage capacity LPG terminal, in 2020 attracted foreign investors
12.01.2021 News from companies , Turkey , Asia

Oil prices down over reemergence of virus in China

- Increasing number of US oil rigs also weighs on prices, signaling greater short-term output and raising supply glut concerns
11.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

China: Daily COVID-19 cases top 100 mark in 5-month 1st

- Latest virus outbreak in Hebei province leads to emergency measures in affected areas in China
11.01.2021 World , Asia

Oil prices up over 4% for week ending Jan. 8

- Surprise Saudi output cut at OPEC+ meeting and increasing rates of Asian shares are main reasons for driving prices up
09.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Iran to uphold right to regain lost oil market share

- New US Administration could alleviate economic sanctions on Iran but this would require strict nuclear deal compliance
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up still buoyed by OPEC+ output cut

- OPEC+ decision to cut output by more than expected in February and March relieves markets from low demand amid lockdowns
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil up on inventory fall, protests in US

- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

NYSE decides again to delist 3 big China telecoms

- World's largest stock exchange reverses decision after 2 days
07.01.2021 Asia , Americas

Oil prices soar after surprise OPEC+ output cut

- Group agrees to cut production by 925,000 barrels per day in Feb. and 850,000 barrels per day in March from January rate
07.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Saudis unilaterally cuts 1M bpd to solve OPEC+ tie

- Group agrees to cut production by 925,000 bpd in February and 850,000 bpd in March from rate of January
07.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent over $53 as OPEC resumes meeting

-Investors expect no change result while world’s largest oil producers resumed talks to decide next month’s output level
06.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over adjourned OPEC+ meeting

- Meeting to resume later Tuesday after inconclusive Monday meeting due to splits on production cuts among member countries
06.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up ahead of OPEC+ meeting

-At meeting later Monday, group will decide February's production quota, which is expected to remain at 7.2M barrels per day
05.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil price up 0.11% for week ending Dec. 31

- US crude oil inventories, which declined more than expected, contributed to prices increases
01.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Moderna to supply 20M vaccine doses to South Korea

- After deal with Moderna, country will be able to vaccinate 56M people against COVID-19
30.12.2020 World , Asia

Oil prices up on economic rebound optimism

- API estimates 4.8M-barrel decline in US crude oil inventories last week from market expectation of 2.1M-barrel draw
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up after US okays stimulus payments

- Investors are now waiting for outcome of OPEC+ meeting on Jan. 4 when group will decide on next month’s production quota
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down on demand fears from spread of virus variant

-US President Donald Trump finally signs pandemic relief pack, boosting hopes for economic recovery in country
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil price up 1.06% for week ending Dec. 25

- Emergence of mutant coronavirus said to be 70% more contagious put pressure on oil prices, boosting demand fears
26.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up on Brexit deal, US relief pack hopes

-While rise in coronavirus cases still pressures oil prices, vaccines continue to instill hope of speedier demand recovery
26.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Turkey, Bangladesh eye to boost bilateral ties

- Common commercial ties not affected by COVID-19 outbreak, Turkey stands as alternative arms supplier for Dhaka: Ambassador
25.12.2020 Turkey , Asia , General

Oil prices climb as US oil inventories fall

- Crude oil inventories in US fall by 600,000 barrels for week ending Dec. 18
25.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

China’s economy to grow nearly 8% in 2021: World Bank

- World Bank however urges China to strengthen its ‘still fragile private demand’
24.12.2020 World , Asia

Tokyo Gas to invest $193M in UK energy firm Octopus

- Tokyo Gas and Octopus Energy will set up joint venture in Japan in February 2021
24.12.2020 Electricity , Natural Gas , Europe , Asia , General

Oil prices down over pandemic-driven demand fears

-Further fueling weak demand fears, US crude oil inventories are forecast to rise by 2.7 million barrels, API figures show
24.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down as mutant virus spurs demand fears

- Rising value of dollar also exerts downward pressure on oil prices which are indexed to US dollar
22.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Revenues of oil giants decline 35.8% in 3Q20

- Royal Dutch Shell records highest year-over-year decline in revenue
22.12.2020 Oil , News from companies , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over new COVID strain in UK

- Concerns that measures against mutant coronavirus will tighten further slow oil demand rebound, pushing prices down
22.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil price up 1.68% for week ending Dec. 18

- Vaccine campaigns in UK, Canada and US support prices while negative 2021 outlook exerts downward price pressure
19.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over weak demand fears

- Many European countries impose either strict restrictions, night curfews or lockdowns, fueling investor oil demand concerns
18.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices reach 9-month high over US stocks drop

- US commercial crude oil inventories rise by 3.1 million barrels relative to market expectation of 3.5 million-barrel fall
18.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Global oil demand to increase 6.2% in 2021: IEA

- As mass vaccination will take several months, impact on oil demand will not be soon, IEA says
16.12.2020 Oil , International Organization , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices drop slightly over lingering demand fears

- Tightening restrictions and renewed lockdowns in Europe reignite demand fears that were simmered down over vaccine rollouts
16.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Global oil demand to increase 6.6% in 2021: OPEC

- Transportation and industrial sectors are projected to lead oil demand growth in 2021, says OPEC
16.12.2020 Oil , International Organization , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil price up 1.81% for week ending Dec. 11

- Imminent vaccine releases in UK, Canada and US contribute towards positive market outlook during week
12.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil over $50 on vaccine optimism

-Massive build in US crude oil inventories is limiting upward price pressure
11.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up over bullish sentiment on vaccines

-Large build in US crude oil inventories block further rise amid ongoing weak global demand
11.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices to remain at $40-50 range in 1Q21: experts

-OPEC+ decision of gradually raising output will help solidify oil price bottom, says Bob McNally, president of RapidanEnergy
10.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over rise in US stocks

- Positive news about coronavirus vaccine as UK starts first vaccine shots caps further falls
09.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down due to COVID-19 containment measures

- Fresh lockdowns fuel concerns over immediate global economic and oil demand recovery
09.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down amid fresh coronavirus restrictions

-Boosting global demand concerns, US, Germany, Iran, South Korea impose new lockdowns, restrictions to fight pandemic
08.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

China commissions 1st nuclear-powered 'artificial sun'

- Sichuan-based giant device expected to provide 'clean energy through controlled nuclear fusion'
05.12.2020 Nuclear , Asia

Oil up as OPEC+ agrees on higher output next year

- Group agrees incremental rise of 500,000 bpd from January, then will hold monthly meetings to decide on next month's output
04.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

OPEC+ agrees on incremental oil output increase

- Oil producing states to add 500,000 barrels per day in January, and to meet monthly to decide following month’s increase
05.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa
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