Tag Archives: China

Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, the front-month …

Signs have emerged that the U.S.-China trade war is already hitting oil demand in the shipping and aviation sectors, and this weakness could soon move into the U.S. trucking business and reduce diesel demand. Container traffic from China to the United States is plummeting, while U.S. airlines warn of a …

European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States. A de-escalation of the tensions drove markets higher at the end of the week as traders and analysts weigh the possibility of less disruptive trade and lower …

As if China’s solar panels and equipment companies haven’t already been reeling from low product prices and overcapacity, the U.S.-China trade war and the triple-digit tariffs are adding insult to injury to the profitability of the Chinese solar manufacturing industry. All top Chinese solar equipment producers booked losses for the …

Chinese coal producers and oil refiners are struggling with weaker profits compared to other industrial earnings amid an oversupply of coal and refined products in a weak demand environment. Demand for these commodities, as well as for steel, could be further dampened in the months ahead in the U.S.-China trade …

In January, China’s National Energy Administration said it was eyeing stable oil production of over 200 million tons in 2025. Two months later, oil production in the world’s largest importer of the commodity hit an all-time high of 4.6 million barrels daily, per official data. China is taking “Drill, baby, …

Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russia’s oil trade and shadow tanker fleet imposed in January, trade sources told Reuters on Wednesday. Sinopec, the biggest refiner in Asia by processing capacity, …

China halted liquefied natural gas (LNG) purchases from the United States in March, while simultaneously increasing its imports from Australia, Indonesia, and Brunei, according to a RIA Novosti analysis of Chinese customs data. In 2024, the US was among the top five suppliers of LNG to the Chinese market, exporting …

Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures were down 29 cents, or 0.45 percent, at US$64.47 (HK$502.87) a barrel at 0126 GMT. US West Texas Intermediate crude futures …

Last year, oil overtook soy as Brazil’s main export for the first time since 2012. According to trade data published by the government, foreign oil sales totalled almost USD 45 billion in 2024, passing soy’s USD 43 billion. The value of Brazil’s crude oil exports has more than doubled in …