Petroleum product sales may be cut by 90 percent: proposal Move would come in retaliation for late-November missile test China has signaled it’s ready to back another round of United Continue Reading
China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in new UN sanctions intended to rein in its Continue Reading
Petrol tankers queue up to transport crude oil at an oil-refining plant in China, a major oil supplier to North Korea. BEIJING—China said it will reduce oil exports to North Continue Reading
(Reuters) – Gasoline and diesel prices rose sharply in North Korea after its sixth nuclear test and as the U.N. Security Council imposed new sanctions capping fuel supply, market data Continue Reading
The resolution passed by the United Nations Security Council on Monday against North Korea should slash oil supplies to the isolated nation by 30% — a level which would have Continue Reading
Exxon Mobil’s deal to cut the price of liquefied natural gas (LNG) supplied under long-term contract to an Indian buyer has largely been viewed as a bad outcome for producers Continue Reading
U.S. needs Chinese, Russian support for new UN restrictions Russian leader says oil sanctions could hurt ordinary people The U.S. is circulating a draft resolution at the United Nations that Continue Reading
The United States has proposed an oil embargo against North Korea enforced by the United Nations after Pyongyang authorized nuclear tests that violated several UN resolutions. Yi encouraged the global Continue Reading
The Trump administration on Tuesday announced new sanctions in response to North Korean nuclear and ballistic missile tests, including penalties aimed at shutting down coal and oil flows into and Continue Reading
China’s trade with North Korea fell in July from a month earlier, data showed on Wednesday, as a ban on coal purchases from its isolated neighbor slowed imports amid growing Continue Reading
Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters Continue Reading
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s Continue Reading
The U.S. will focus its efforts on shutting off North Korea’s access to crude oil, Secretary of State Rex Tillerson said yesterday at a Senate Foreign Relations committee hearing. In this, Continue Reading
Gasoline prices in North Korea’s capital Pyongyang jumped by as much as 83 percent within three days on the back of reports that China is mulling over an oil embargo Continue Reading
Beijing’s patience with North Korea is wearing thin as Pyongyang continues to conduct nuclear missile tests. According to a state Chinese media outlet, Huanqui, China is considering a suspension of Continue Reading
Isolated North Korea doesn’t consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilising to Continue Reading
China’s coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country’s sales abroad came into effect, while Russia, Mongolia, Australia and Indonesia Continue Reading
Coal exports to China are a key source of cash for the politically isolated nation North Koreans look over coal exports in the border town of Siniuju N Korea condemns Continue Reading
On Saturday, China said that it was suspending all imports of coal from North Korea as part of its effort to implement United Nations Security Council sanctions aimed at stopping Continue Reading
Coal markets could be forgiven for feeling slightly confused about the recent signals coming out of top importer China, with both bullish and bearish developments in evidence. The most obvious Continue Reading
An employee walks between front-end loaders which are used to move coal imported from North Korea at Dandong port in the Chinese border city of Dandong, Liaoning province December 7, Continue Reading
The U.S. and China are locked in negotiations over curbing North Korea’s energy trade in response to its fifth nuclear test last month, according to four diplomats from United Nations Continue Reading
SEOUL, South Korea — North Korea is in the midst of a severe drought, its state news agency reported, raising fears of worsening food shortages in the impoverished country, where child malnutrition is a persistent problem. “The worst drought in 100 years continues in the D.P.R.K., causing great damage to its agricultural field,” the Korean Central News Agency said in a report late Tuesday, using an abbreviation for North Korea’s formal name, the Democratic People’s Republic of Korea. There was no evidence that the drought was the worst in a century. But United Nations officials recently expressed growing concern about the lack of rain. In April , the United Nations called for $111 million to fund its humanitarian operations in North Korea, saying that 70 percent of the country’s 25 million people were “food insecure.” Much of the Korean Peninsula has had unusually dry weather in recent weeks, at […]
MOSCOW, Nov. 13 (UPI) — Russian President Vladimir Putin said the best option for a pipeline to deliver natural gas from Russia to South Korea is a land route through North Korea. “It is much cheaper and safer, of course, to construct a land pipeline, political problems put aside,” he said in a Tuesday interview with the Korean Broadcasting System. “Should this [pipeline] be realized, [the overland route] would certainly be the optimal solution.” Russian natural gas company Gazprom backed away from an option to build a pipeline through the ocean in 2012, the Platts energy news service reported Tuesday. Putin, in his interview, said it was too expensive to build that type of pipeline because of the depth of the region’s waters. Putin said he wasn’t trying to interfere directly in lingering tensions on the Korean Peninsula but if both sides can agree on the terms of a […]
