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In April 2018, China increased oil imports by 4% to 39 million 460 thousand tons, which is a record indicator for the time of settlement, the data of the Main Customs Administration of the People's Republic of China showed. Over the period from January to April, the growth of oil imports amounted to 8.9%. Analyst of the research company ICIS-China, Jin Zhou, notes that oil refineries make reserves, waiting for the introduction of restrictions on the transportation of hazardous petrochemical products. In April, China reduced net exports of oil products by 46%. Procurement of gas abroad increased to 6 million 820 thousand tons. Over the period from January to April, growth was 36%. Import of coal decreased by 14%.
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 ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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