Tag Archives: China

China’s crude oil imports fell in May to their lowest daily rate in four months, data showed on Monday, as planned maintenance work at both state-owned and independent refiners picked up. May imports in the world’s largest crude buyer totalled 46.6 million metric tons, equivalent to 10.97 million barrels per …

China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US- China trade spat, when the two sides no longer tried to out-tariff each other but took to more concrete steps. The problem is, the restrictions don’t just apply to …

Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the U.S. sanctions, Western oil producers were given time until May …

In April this year, China’s BYD hit a first–it sold more cars in Europe than Tesla. Of course, one reason for this was EV fans’ reaction to Elon Musk’s political endeavors, but another was that BYD’s EVs were simply better and more affordable. And now Western carmakers want to learn …

A supertanker carrying 2.1 million barrels of Russia’s Far Eastern ESPO crude grade has been anchored near China for days in what traders say is an unusual pattern that could suggest weaker demand in the Asian market. The Big Star supertanker loaded ESPO from three smaller vessels near Russia’s Zarubino …

China has waived a short-lived 125% tariff on U.S. ethane imports, but American shipments to China could be hindered by a U.S. requirement of export licenses. Ethane, a natural gas liquid primarily extracted from raw natural gas during processing, is mainly used as a feedstock for ethylene production, one of …

Chinese mills are churning out steel, aluminum and even refined copper at near-record levels and sending the surplus abroad, a trend steel industry analysts say could pressure industrial metal prices in the United States. After a year of lagging domestic demand, China’s exports of construction and manufacturing metals have surged, …

Iraq ranked fourth among the top oil exporters to China in April 2025, China’s General Administration of Customs revealed on Sunday. The Administration noted that Iraq exported approximately 4.59 million metric tons of crude oil to China last month—equivalent to about 29.32 million barrels. Russia topped the list of oil-exporting …

Chinese imports of Russian crude oil slumped to below 2 million barrels per day (bpd) in April, down by 13%, while imports from Malaysia, the biggest trans-shipment hub for Iran’s oil, nearly doubled from a year earlier. China’s imports from Russia, its single biggest supplier of crude, fell by 12.9% …

Despite the trade talks breakthrough the United States and China announced earlier this week, Chinese imports of U.S. energy will remain at near zero levels, at least over the summer, while the world’s two biggest economies are negotiating a possible trade deal. The U.S. and China on Monday announced a …