Saudi Arabia Remained China’s Top Oil Supplier In 2020
For most of last year, Saudi Arabia—the largest oil exporter in the world—and its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the Continue Reading
India’s December Oil Imports Jump To Highest Level In Three Years
Crude oil imports in the world’s third-largest oil importer and consumer, India, surged in December 2020 to their highest in almost three years, Reuters reported on Tuesday, citing data from Continue Reading
Gas crisis in Pakistan intensifies, citizens face hardship
The persisting gas crisis in Pakistan has intensified, adding to the woes of the citizens as they are forced to turn to more expensive methods to compensate for the gas Continue Reading
Pakistan finds answer in oil as gas shortage hits power sector
A sharp squeeze in domestic gas availability and the surge in LNG prices that has pushed up the cost of gas-based power generation have prompted Pakistan to turn to oil Continue Reading
China rushes to build coronavirus quarantine center for 4,000 as it battles local outbreaks – The Washington Post
China is racing to build a quarantine center to house 4,000 people in the northern city of Shijiazhuang, the epicenter of the country’s latest outbreak of the coronavirus, which Beijing has Continue Reading
China worries about lagging consumption as broader economy shakes off COVID
China will be looking to tweak its economic policies to get consumers to spend more, policy advisers in Beijing said after retail sales emerged as a weak spot in better-than-expected Continue Reading
China’s 2020 crude imports from US surge 211% to 396,000 b/d, valued at $6.28 bil
China’s crude imports from the US surged 211% year on year to 19.76 million mt, or an average 395,746 b/d, in 2020, with the value jumping 89% to $6.28 billion, Continue Reading
Covid-19 Pandemic:
German Chancellor Angela Merkel is holding talks on a possible extension of the country’s virus measures, with curfews under consideration. European Union member states will be warned by the bloc’s Continue Reading
Covid vaccine: WHO warns of ‘catastrophic moral failure’
The world is on the brink of “catastrophic moral failure” because of the unequal distribution of Covid vaccines, the head of the World Health Organization (WHO) has warned. Tedros Adhanom Continue Reading
Iran Looks To Poach Saudi Oil Contracts With New Projects
Iran and China look to exploit Saudi oil deficit with new push in West Karoun Iran And China Exploit Saudi Weakness With New Oil Megaproject Iran And China Capitalize On Continue Reading