Category: Oil
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 ...
U.S. Sanctions Network Delivering Iranian Oil to China
The U.S. Treasury announced financial sanctions on Thursday, the first under the new administration of Donald Trump, that target an "international network" accused of shipping Iranian oil to China to fund Tehran's military activities. The sanctions target the network for "facilitating ...
Two Chinese Oil Workers Kidnapped in Niger
Unidentified gunmen ambushed a vehicle carrying staff from the Chinese state-owned oil major CNPC near Niger's Agadem oil field, killing two local security guards and taking two of the Chinese nationals hostage. The incident, according to French news reports, took place ...
Russia Was China’s Top Oil Supplier in 2024, but That’s Likely Not Going to Be the Case This Year
Russia remained firmly atop the leaderboard of China's top oil supplier in 2024, with Saudi Arabia coming in a distant second, according to new data from the Reuters news agency. Chinese oil buyers snapped up a record amount of Russian crude ...
Sri Lanka Signs Landmark $3.7 Billion Deal With Chinese State Oil Giant
Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels ...
Indonesia Mulls Russian Oil Imports Amid Newest U.S. Sanctions on Russian Oil
Indonesia’s recent entry into the BRICS economic bloc has reignited discussions about the potential to import oil from Russia, a move that could reshape its energy strategy and further complicate its position in the global geopolitical landscape. Luhut Binsar ...
Chinese Prime Minister Arrives in Saudi Arabia
Chinese Prime Minister Li Qiang arrived in Riyadh on Tuesday, Saudi state media reported. This is the first leg of a regional Gulf trip that will also take him to the UAE. Li "arrived in Riyadh to participate in the fourth ...