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In February, the volume of crude oil imported to China amounted to 39 million 230 thousand tons. Compared with the same month of 2018, the figure increased by 21.6% due to the fact that new private refineries increased purchases, the country's General Administration of Customs reported. The volume of crude oil purchased by China per day amounted to 10 million 230 thousand barrels, exceeding 10 million barrels for the past 4 months. In the first two months of the year, purchases of crude oil increased by 12.4% in annual terms. However, the amount of natural gas imported into the country in February decreased from January 9 million 810 thousand tons to 7 million 570 thousand tons. At the same time, annualized growth was recorded at 9.2%. The indicator includes liquefied natural and pipeline gas. In the first two months of the year, it increased by 18.5%.
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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