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2014-08-05 18:05:00

SOUTH CHINA SEA TENSION

SOUTH CHINA SEA TENSION

The United States will be looking to calm tensions stoked by recent Chinese oil drilling in disputed waters of the South China Sea at an upcoming meeting of the region's foreign ministers, a senior U.S. official said Monday.

Although the U.S. claims neutrality in the disputes, China is unlikely to respond favorably.

Secretary of State John Kerry's trip in Myanmar, starting Saturday, comes after China angered Vietnam by deploying a deep-sea oil rig for two months near islands claimed by both countries.

Assistant Secretary of State Daniel Russel…

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Tags: OIL, CHINA, SOUTH, SEA, U.S., VIETNAM
Chronicle:
SOUTH CHINA SEA TENSION
2021, April, 15, 13:09:00
MASTERING WIND POWER 23 – 30 June 2021
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SOUTH CHINA SEA TENSION
2021, April, 15, 13:05:00
U.S. OIL INVENTORIES DOWN 5.9 MB TO 492.4 MB
U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.
SOUTH CHINA SEA TENSION
2021, April, 14, 12:19:58
OIL PRICE: ABOVE $64 STILL
Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.
SOUTH CHINA SEA TENSION
2021, April, 14, 12:15:00
GLOBAL OIL DEMAND WILL UP BY 6 MBD
In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.
SOUTH CHINA SEA TENSION
2021, April, 14, 12:10:00
U.S. OIL PRODUCTION WILL UP
Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.
SOUTH CHINA SEA TENSION
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EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
SOUTH CHINA SEA TENSION
2021, April, 14, 12:00:00
EUROPEAN WIND INVESTMENT $51 BLN
The investments financed 19.6 GW of capacity that will be constructed in the coming years. Around 13 GW of this will be in the EU.
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