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Two giants in China's oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years.

Mainland China's unconventional gas production is taking off, according to BMI, a Fitch Solutions company.

Chinese leader Xi Jinping pledged to deepen ties with Tehran after meeting Iran's President Ebrahim Raisi in Beijing, weeks after the US said it would increase pressure on China to stop buying Iranian oil.

The agreement with a subsidiary of China National Petroleum Corporation was inked in Kabul.

The company announced that it has made a 'major' oilfield discovery in the Bohai Sea.

The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.

The startup of a new Chinese oil refinery is fueling a rebound in heavy crude oil markets.

China's offshore wind market experienced phenomenal capacity growth in 2021 with the subsidy deadline passing as the key driver for the rush.

Analysts caution that it may take time for gains to kick in.

Pipelines have often become focal points for conflict between energy companies in Alberta.