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China oil demand to approach peak this year, CNOOC economist says

Energy Middle East crisis may accelerate shift in world’s largest crude importer A child walks along a hiking trail near oil storage facilities of China National Offshore Oil Corp.’s Ningbo Daxie Petrochemical in China’s Zhejiang province on March 21. © Reuters HOUSTON, Texas — Chinese oil consumption could peak considerably sooner than projected, the head of a major […]

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Activist-captured Danish funds back challenge against Nordea over Arctic oil at AGM

At least two Danish institutional investors support a shareholder resolution calling for the Nordic region’s biggest bank Nordea to stop all financing to companies expanding Arctic oil and gas production due to “environmental risks”. Internal Pages – Super (728×90) – Position 14 The investors, pension funds Akademiker and Sampension, told Reuters of their voting intentions […]