Japan needs friends who are rich in natural resources, and Prime Minister Junichiro Koizumi made no bones about what he wanted from Uzbekistan and Kazakhstan when he became the first Japanese premier to visit the two countries last month.
China, the world’s second-largest oil consumer, hopes dialogue and conciliatory policies will blunt tensions caused by its growing energy needs, a Foreign Ministry official said on Wednesday.
Peak Oil is the theory, on the verge of becoming conventional wisdom, that the world’s petroleum supply is topping out and will not be able to meet global demand soaring along with the economies of China and India. But a successful test in a mammoth fie
China will reduce its reliance on petroleum imports by basing its energy supply on coal and developing new and renewable energies, said a senior official with the National Development and Reform Commission (NDRC) on Tuesday.
In its need for more fuel to supply an expanding economy, China is pursuing a dynamic “holistic” approach to energy partnerships in Africa that has surprised many Western competitors, says South African Warrick Davies-Webb.
Terrorist threats in the Middle East, the wars in Central Asia, the global population boom and China’s emergence as the world’s second-largest consumer of oil after the U.S. have pushed consumer prices for gasoline to unprecedented levels. There is no
There is a “fear” premium of $7 to $15 due to the destabilisation of the Gulf region. The world energy growth started to increase significantly from 1995. Especially since 2002, the real trend of growth rate of world oil demand is well above 2.25 per
