Tag: crude
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U.S. Allows China to Purchase Venezuelan Oil but Not at ‘Undercut’ Prices of Maduro Days, Official Says
By Timothy Gardner The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Caracas sold the crude before the U.S. removed President Nicolas Maduro, a U.S. official said on Thursday. While the ...
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Chinese Firms Win Most Bids to Explore Iraq Oil and Gas
Chinese energy companies won bids to explore 10 Iraqi oil and gas fields during new licensing rounds, ahead of any other foreign country, Iraq's oil ministry said Monday. Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq, and Anton Oilfield, won 10 ...
China Calls for Calm in the Red Sea as Oil, Shipping Prices Steadily Edge Higher
The Chinese Foreign Ministry issued a new appeal for calm in the Red Sea on Tuesday but made no mention of reports as to whether or not Beijing spoke with officials in Iran to rein in Houthi militants attacking cargo ships. ...
African Oil Exports to China Plunge in July
China's crude oil imports from Africa fell sharply last month with demand expected to remain flat through the third quarter. Overall, shipments from African exporting countries fell 5.1% from June and but plummeted 41.5% compared to the same time last year. ...
New Data Reveals China’s Growing Dependence on Middle Eastern Oil
Middle Eastern oil producers now account for 48.3% of China's oil buys in the first half of the year, according to the latest Chinese customs data. Saudi Arabia is the top provider, with 16.8% of the market in H1 2021, followed by Russia with 15.3%.
