Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and as Washington plans tough sanctions against Iran Continue Reading
This year’s selloff in China’s stocks and currency is reviving painful memories of the country’s last market rout, in the summer of 2015. If anything, things look more worrying this Continue Reading
China has issued its second batch of crude oil import quotas to independent refiners and trading companies for 2018—a much smaller batch, but the low volumes were expected because the Continue Reading
A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth Continue Reading
Russian Novatek-led Yamal LNG project has sent two Arc7 ice-class LNG carriers destined to China via the Northern Sea Route in just nine days with no icebreaking support, marking the Continue Reading
China Development Bank will reportedly invest $250 million in Venezuela’s Orinoco Belt in an effort to stave off the decline of the country’s heavy oil production. That comes as China Continue Reading
BEIJING (Reuters) – China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should Continue Reading
China’s independent refineries were awarded late Thursday a second batch of crude import quota allocations for 2018 totaling 9.68 million mt for 20 refiners, bringing the total quota allocated to Continue Reading
Sellers of U.S. sour crude oil have cut their offers for Asian buyers on concern that demand may fall as China threatens to impose tariffs on oil from the United Continue Reading
When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern Continue Reading
