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In September of this year, China bought Iranian oil by 34% less than in September last year. The volume of purchases amounted to 2 million 130 thousand tons, data from the General Administration of Customs of China showed. Relative to the previous month, the decline was more than one-third. The reduction of oil imports from Iran is due to the approach of the introduction of US sanctions against Tehran. According to September data, Russia was the largest supplier of oil to China, followed by Saudi Arabia and the United States. In November, oil imports to China as a whole increased by 0.9% over the year to 37,210,000 tons. In terms of value, its growth was 41.6%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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