The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Category: Oil
Trump Says China Can Continue to Buy Iranian Oil
China can continue to buy Iranian oil, U.S. President Donald Trump said on Tuesday, in what appeared to be relief for Tehran from sanctions that Washington has previously imposed to punish the trade. "China can now continue to purchase Oil from ...
Rubio Urges China to Persuade Iran Not to Close Strait of Hormuz
U.S. Secretary of State Marco Rubio called on China to use its influence with the Iranian government to discourage Tehran from closing the Strait of Hormuz, a strategically vital waterway that an estimated 20% of the world's oil supply passes through. ...
U.S. Urges China to Keep Iran From Shutting Key Trade Route
U.S. Secretary of State Marco Rubio urged China Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. "I encourage the Chinese government in Beijing to call them ...
Iraq Signs Mega-Energy Deal With Chinese Oil Firm
Iraq signed a major energy deal Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent ...
China-UAE Liquid Natural Gas Deals Signed Amid Trade Upheaval
China National Offshore Oil Corporation (CNOOC) signed a purchase agreement with Abu Dhabi National Oil Corp (ADNOC) for liquid natural gas (LNG). The 5-year deal will see 500,000 tons of LNG shipped to China annually from 2026. It is the third ...
Analysis from Cobus van Staden
U.S. Sanctions Second Chinese Refinery in Iran Pressure Campaign
The United States on Wednesday sanctioned a second China-based "teapot" refinery for purchasing Iranian crude, in the latest salvo of Donald Trump's "maximum pressure" campaign against Tehran. The U.S. State Department said the sanctions against Shandong Shengxing Chemical Co., Ltd, which ...
China Slams U.S. ‘Interference’ in Venezuela Over Trump Oil Tariff Threat
China on Tuesday accused the United States of "interfering in Venezuela's internal affairs" after President Donald Trump announced 25 percent tariffs on imports from countries that bought oil and gas from the South American nation. On Monday, Trump said the new ...
Trump Moves to Punish Venezuelan Oil Trade, With China and India Likely to Feel the Blow
By Beiyi Seow and Becca Milfed U.S. President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.
U.S. Sanctions Houthi-Linked China Oil Refinery
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Houthi-linked ships as the White House ramps up pressure on Iran. In a statement, the U.S. Treasury Department announced it was sanctioning ...
Niger Expels Three Chinese Oil Executives: Reports
Niger's military rulers have expelled three Chinese oil executives from the country and closed down a Chinese-run hotel, media reports and an official decree indicated Friday. Several Nigerien media reported that authorities had given two days' notice to leave the country ...
Donald Trump Pulls His Punches in Opening Salvo Against Iranian Oil Shipments to China
The new U.S. government vowed to crack down on the illicit oil trade between Iran and China, but late last week when Donald Trump unveiled his first sanctions aimed at stopping shipments between the two countries, it was a far cry from the "maximum pressure" campaign ...
China and Brunei Pledge to Collaborate on Oil and Gas in Disputed South China Sea Waters
China and Brunei are taking a step toward working together on oil and gas exploration in the South China Sea, a development that has drawn attention though some experts suggest it may be more symbolic than substantive. In a ...