Venezuela’s state-owned oil firm PDVSA is moving to market its crude oil overseas by enlisting its joint venture partners, including U.S. supermajor Chevron, to sell cargoes to buyers in Asia Continue Reading
A recent tussle between Maduro loyalists and the U.S.-backed opposition for control of Venezuela’s National Assembly descended into a melee of competing claims that left neither side with clear authority over Continue Reading
Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and Continue Reading
Foreign and domestic auto makers, habituated to growth in a market where their biggest challenge was building factories quickly enough to meet demand, are hurting. General Motors Co. posted its biggest-ever China sales drop last Continue Reading
The U.S. Treasury Department dropped its designation of China as a currency manipulator just two days before negotiators from Beijing and Washington are set to sign the first phase of the trade deal between Continue Reading
Australia’s remarkable prosperity rests on a balancing act. It mines coal, natural gas and iron ore from a vulnerable landscape. It takes ever more money from China while allied with Continue Reading
US officials are working behind the scenes to get Chinese independent refiners to stop importing roughly 200,000 b/d of crude oil and condensate from Iran, in violation of US sanctions, Continue Reading
China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to Continue Reading
China’s export growth slowed to a three-year low last year as the effects of trade tensions with the US and a slowing global economy took their toll. Exports grew 0.5 per Continue Reading
China’s crude oil imports grew by 9.5% in 2019 to 10.16 million b/d, despite a month-on-month decline of 3.8% in December, preliminary data released on Tuesday by the General Administration Continue Reading
