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The volume of oil imported by China in January increased in annual terms by 4.8% to 42,600,000 tons, the Central Custom Authority of China reported. The figure for third months in a row is higher than 10 million barrels per day. The January growth was promoted by the desire of Chinese refineries to increase oil reserves before the celebration of the New Year in early February. The volume of gas that China imported in January reached a record 9 million 810 thousand tons. Its growth in annual terms was 26.2%. The expected growth in demand for heating has become the main reason for the increase in gas purchases by importers. In January, China shipped 5 million 420 thousand tons of oil products to other countries, which is 31.6% more than in January of the previous year.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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. ...
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