Tag Archives: China

China. the top buyer of Iranian oil. dismissed Washington’s warning to Hong Kong that it could face penalties if it provides services to a vessel carrying Iranian oil headed for the autonomous territory.

China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years.

The U.S.. even without a 25 percent tariff on its LNG exports to China. would struggle to vie with Qatar as the top global LNG producer.

Certain countries may impose unilateral sanctions against certain places on the basis of their own considerations.

Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth.

China'.s crude oil imports from Iran hit a five-year high in April at 792.380 b d or 3.24 million mt. before the expiry of US sanction waivers for Iranian oil May 2. data released Sunday by the General Administration of Customs showed.

Following this month’s fractious meeting of the Arctic Council in Finland. China convened an Arctic conference of its own in Shanghai at which it showcased the cooperation that had been in short supply at the earlier Arctic summit.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

The IMF study says tariff revenue collected from levies on Chinese goods has been borne almost entirely by U.S. importers

This could create setbacks in international efforts to restore the ozone layer to its 1980s level by 2050.