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The Biden administration’s top energy official held multiple talks with a Chinese Communist Party official linked to an oil company counting investment from Hunter Biden’s private equity firm just days before the U.S. moved to release oil from its strategic reserve in 2021. Energy Secretary Jennifer Granholm controversially spoke with China National Energy Administration chairman Zhang Jianhua one-on-one multiple times in meetings that had not previously been reported, according to internal Energy Department calendars obtained by Fox News. Granholm and her Chinese Communist Party counterpart met on November 19th and 21st, 2021, just days before the White House announced its...

Prices could continue to rise, expert says.. The average price of gas in Oregon is up to $5 per gallon again after prices spiked by nearly 40 cents in the last week. After a summer of declining prices, AAA reports that statewide prices jumped from $4.64 per gallon to $5 per gallon in the last seven days. Prices are also up 20.3 cents per gallon in the Portland-Vancouver area this week, with an average price of $4.98 per gallon, GasBuddy.com petroleum analyst Patrick De Haan noted. ... gas prices shooting up in several regions amidst myriad refinery issues from the...

Biden’s administration is getting more and more desperate as the Midterms loom as the pace at which they are draining the nation’s so-called ‘strategic’ reserve of crude oil just went to ’11’. Last week saw almost 8.54 million barrels withdrawn from the SPR – the biggest weekly drain in history. ... This unprecedented collapse of the Strategic Petroleum Reserve to its lowest since September 1984 has helped lower oil prices (from their record highs)… ... the price of gas at the pump is still up 76% since Biden was . ... But ‘average joe’ doesn’t care about ‘president joe’ actions...

Five U.S.-listed Chinese state-owned companies whose audits are under scrutiny by the U.S. securities regulator said on Friday they would voluntarily delist from the New York Stock Exchange. Oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and a separate Sinopec entity, Sinopec Shanghai Petrochemical Co (600688.SS), each said they would apply to delist their American Depository Shares this month. They will keep their listings in Hong Kong and mainland China. In May, the U.S. Securities and Exchange Commission (SEC) flagged the five companies and many others as failing to meet U.S....

Biden has released millions of barrels of oil from the country’s strategic oil reserves. While the oil has been released to stabilize global energy markets and lower the prices of gas, of late the oil reserve release has been controversial. The U.S. sold some oil to China’s Sinopec, which has been connected to Hunter Biden in the past. ... 180 million barrels of oil are to be released, which makes it the biggest drawdown on the strategic oil reserves in history. The U.S sold oil to a subsidiary of Sinopec. ... Unipec America was also awarded 0.95 million barrels of...

Hunter Biden's lawyers insist he has divested from a 10% stake in a Chinese government-linked company, but they won't say whom he sold it to or how much money he may have made as a result. Chinese business records still list Skaneateles, an LLC started by Hunter Biden, as a 10% owner of the Chinese investment firm BHR Partners, more than seven months after his lawyer said he had completely divested from the venture. He had been under pressure to ditch the stake in the wake of his father winning the 2020 election. Hunter's lawyer Chris Clark told the New...

A Chinese state-run company linked to Hunter Biden, the son of the President of the United States, recently partnered with Saudi Arabia’s leading petroleum and natural gas company to collaborate on energy production, The National Pulse can reveal. The agreement – reported elsewhere without the Hunter Biden link – comes amidst Saudi and United Arab Emirates (UAE) leaders declining calls with President Joe Biden amidst America’s surging oil and gas prices. In the same time period, Saudi Arabia’s state-backed firm Saudi Aramco signed a “preliminary agreement” with China Petroleum and Chemical Corporation (Sinopec) aimed at boosting “its presence in the...

A unit of China’s Sinopec Group will hold a LNG auction on the Shanghai Petroleum and Gas Exchange (SHPGX) on Nov. 14, the exchange said on Friday, without revealing the volume on offer. Potential buyers are invited to submit bids to Sinopec’s Guangxi gas sales subsidiary from 0900–1130 Beijing time (0100–0330 GMT) and 1330–1500 (0530–0700 GMT) on that day, the SHPGX said in a statement on its website. The auction comes on the eve of China’s peak winter heating season, which gets under way in mid-November, and amid warnings of severe gas shortages in the coming months. This winter, millions...

Increasing evidence suggests Joe Biden is running the American government for the benefit of the Chinese Communist Party.A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline. Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.Finalized in March 2015, the investments from the...

The Chinese government is in a massive resource grab in Africa, which has huge ramifications for natural resource prices, not the least of which will be the cost of imported oil to the U.S., and ultimately the stock market and economy. Beijing's latest foray is trying to buy 6 billion barrels of oil that is already spoken for via leases to Exxon, Chevron , Royal Dutch Shell, and Total SA. The Nigerian National Petroleum Corp. presently leases 16 oil blocks on what remains of the oil industry's dominant Seven Sisters. It's a monster development, and a dramatic signal of how...

China Petrochemical Corp, the parent company of China Petroleum & Chemical (Sinopec), has agreed to acquire a one-third stake in the Egyptian oil and gas operations of United States-based Apache for US$3.1 billion, making it its first foray into politically troubled Egypt. The investment, coupled with rival PetroChina's recent indication that it has been in advanced talks to team up with global oil and gas giant Exxon Mobil to develop the latter's oilfield in Iraq, highlights the resolve of Chinese state energy firms to enhance national energy security despite the Middle East and North Africa's heightened geopolitical risks. China Petrochemical...

Oil And Politics: Beijing plays the debt card as the Obama administration quietly lets China acquire major ownership interests in oil and natural gas resources across the U.S. at the same time it blocks the Keystone pipeline. Normally, foreign investment in the U.S. is to be welcomed. It creates jobs, boosts economic growth and promotes trade and exports. But when that investor is an ambitious and increasingly belligerent China to whom we owe over a trillion dollars, eyebrows and concerns need to be raised. Reversing a Bush administration policy, the Obama administration is encouraging Beijing to acquire equity interests in...

China's three main state-owned oil companies have strengthened their ties to Venezuela's energy sector, signing six agreements and increasing their investments to a planned $40 billion (US) dollars. The deals are the latest of a string of multi-billion dollar South American ventures signed by Chinese companies in recent months, aimed at acquiring major chunks of the continent's rich resources and at helping fuel China's economic boom.

TEHRAN (Reuters) - China's Sinopec (0386.HK) has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday. If such an agreement goes ahead, it would provide Iran, the world's fifth-largest crude exporter, with much needed capital to help develop its all-important energy sector, which is under U.S. sanctions.

Brazilian President Luiz Inacio Lula da Silva arrived in China for a visit. Strange as it may seem, there can be hardly any information found about the visit, which takes place on May 18-20. It brings up the idea that South America is working on an alliance with Asia’s largest states. It is not ruled out that China may eventually strengthen its influence near the borders of the United States and even set up Chinese army bases in the region. Brazil, the largest country of Latin America, suffered political and economic cataclysms during the 1990s just like the USSR. The...

THE foreign secretary Jack Straw sought to distance Britain yesterday from comments by President George W Bush that he would not rule out a military strike against Iran. It came as diplomats gave warning that British attempts to solve the crisis prompted by Tehran’s resumption of its nuclear programme last week were doomed to failure. Bush raised the temperature by giving an interview to Israeli television from his ranch in Crawford, Texas. Asked if he would consider force, he replied: “All options are on the table.” He added: “The use of force is the last option for any president and...

China’s top offshore oil and gas producer, CNOOC Ltd., will begin operations this year at a gas field in the East China Sea despite a territorial dispute with Japan. ..CNOOC Chairman Fu Chengyu told reporters on Tuesday he expected the Chunxiao field, located south of Japan, to begin operations in August and September... ....On Monday Japanese media reported Japan had demanded that China halt construction at the Chunxiao natural gas field. Hydrocarbon deposits were found in the early 1970s... In 2004 China’s construction of the Chunxiao natural gas production plant 5 kilometres (3 miles) from the disputed area aggravated tensions...

China National Offshore Oil Corporation is considering a nearly $14bn (£7bn, €10.6bn) takeover of Unocal of the US. Sinopec, another Chinese state-controlled oil group, has struck a $70bn deal to buy Iranian crude oil and liquefied natural gas over three decades. China has sent $6bn to Rosneft, the Russian company that bought the main production unit of the embattled Yukos oil group, as advance payment for oil supplies. India has just reached a $40bn agreement to import LNG from Iran and develop Iranian oilfields, and is promoting pipeline projects to bring oil and gas across neighbouring countries to supply its...